PlanView Positioned in the Leaders Quadrant for IT Project and Portfolio Management Applications Magic Quadrant

Business Wire, June 26, 2006

BEVERLY HILLS, Calif. -- PlanView, Inc., a leading provider of comprehensive IT portfolio management solutions, announced today that it has been positioned by Gartner, Inc. in the leaders quadrant in the Gartner Magic Quadrant for IT Project and Portfolio Management Applications(1). The highly anticipated annual report helps categorize vendors and assess product and service offerings within project and portfolio management. According to Gartner, leaders are vendors who are performing well today, have a clear vision of market direction and are actively building competencies to sustain their leadership position in the market.

According to Gartner, "Market interest in project and portfolio management (PPM) applications remains high among IT management, as CIOs continue to report the high priority in 2006 of such PPM-related issues as delivering projects for business growth that are tightly linked to business strategies."

"We believe PlanView continues to deliver the most comprehensive IT management platform on the market today, and our innovative strategy, vision, and strong market presence will help us extend our leadership within and beyond PPM," said Patrick Durbin, founder and chief executive officer of PlanView, Inc. "We are proud to be positioned in the leaders quadrant in the Gartner Magic Quadrant for IT Project and Portfolio Management Applications. By integrating business process management of strategies, services and projects within a single platform, PlanView Enterprise empowers organizations to achieve greater levels of control by dynamically managing money, resources, and capacities. Our customer commitment over the past sixteen years drives us to raise the bar for project and portfolio management solutions."

To determine the PPM leaders, Gartner conducted surveys and vendor briefings, reviewed product demonstrations, spoke with vendor references, and ultimately positioned the PPM vendors based on their "ability to execute" and "completeness of vision." The 'Magic Quadrant for IT Project and Portfolio Management Applications' report evaluated vendors based on six key categories including viability, management team, track record, functional depth, customer service and support and execution.

PlanView Enterprise(TM) combines portfolio management software with adaptive best practices, PlanView PRISMS(TM), to provide unprecedented visibility into total IT spend that drives better investment decision making. By applying a portfolio management discipline to projects, strategies, and services, PlanView enables IT and business executives to drive innovation and improve performance across the enterprise. Customers such as Wells Fargo, DHL, WellPoint and the US Department of Transportation partner with PlanView to achieve their strategic business goals.

About PlanView

Since 1989, PlanView has been a market leader and trusted partner in comprehensive portfolio management solutions. Industry leaders such as Citigroup, Reuters, EDF and Hallmark depend on PlanView solutions to align work, resources and business objectives across the enterprise. Headquartered in Austin, Texas, PlanView is privately held and has been profitable for over a decade.

The Magic Quadrant is copyrighted June 22, 2006 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the "Leaders" quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

PlanView Enterprise and PRISMS are trademarks of PlanView, Inc. All other product and company names may or may not be trademarks or registered trademarks of their respective owners.

(1) Magic Quadrant for IT Project and Portfolio Management Applications, Matt Light, Daniel B. Stang, June 22, 2006