ProSight, Serco Team to Help Commonwealth Of Virginia Manage IT Investments; Organizations to Provide Enterprise Investment Management Software and Services under New Contract

Business Wire, June 29, 2006

ARLINGTON, Va. -- ProSight(R) Inc., the leader in Enterprise Investment Management, and Serco Inc., a major government Information Technology (IT) services provider, today announced that they have been selected to enable the Commonwealth of Virginia to more effectively manage its IT assets and investments. Under a new contract issued by the Virginia Information Technologies Agency (VITA), the ProSight/Serco team will automate the IT investment management process, as well as other related functions, through the implementation of an integrated Enterprise Investment Management solution.

The solution -- consisting of ProSight's Project Portfolio Management and Resource Manager product suites combined with Serco's integration and management services -- will improve the Commonwealth's ability to track IT expenditures and manage IT investments. Work performed under the contract will also help to:

--Improve project management and oversight to increase project success rates and reduce project costs;

--Improve analysis of the Commonwealth's technology portfolio in order to better support IT investment decisions;

--Establish a management information system to track the total amount spent on technology.

VITA is the Commonwealth's consolidated, centralized IT organization that has responsibility for statewide operation of IT infrastructure, governance of IT investments, and procurement of technology products/services.

"The Commonwealth of Virginia is one of the leading states in developing and implementing technology solutions to increase efficiencies and better assist its constituents," said Mike Roberts, Vice President, ProSight. "This investment management project by VITA is just another example of the forward thinking nature of the Commonwealth. We are honored to be working with Serco -- a clear leader in systems integration -- and the Commonwealth on this initiative."

"Leveraging the ProSight solution, we will implement a broad-based system that enables both strategic and tactical investment management," said Al Rouse, Vice President, Serco. "The initial rollout will take place in October and will eventually reach all Commonwealth employees involved in IT investment management statewide. Once completed, the comprehensive capabilities of this project should serve as a model for deployment in other states across the country."

About ProSight

ProSight offers world-class Enterprise Investment Management solutions for government and business. These solutions drive the planning and control for all types of business or technology investments, deploying objective, auditable processes and metrics, while facilitating collaboration among all stakeholders. ProSight's customers get rapid results, including rationalization of current spending, optimization of support for the business, and active governance to obtain the highest possible return on investment. For more information on ProSight and our customers' success, visit www.prosight.com.

About Serco

Serco Inc. is a key supplier of services to the U.S. Department of Defense and other U.S. federal agencies. Serco is one of the world's leading service companies operating on an international basis in a diverse range of sectors, including defense, aerospace, science, public transportation and traffic management, health, education, and justice. By successfully managing organizational design and change, we help government and commercial organizations around the world achieve their goals. In North America, Serco employs more than 6,000 people and operates at the Federal, state and local levels. Serco provides a broad range of professional services worldwide through its staff of 45,000 people in 37 countries.