Business Engine Recognized as a Leader in Project Portfolio Management Market by Independent Research Firm

Business Wire, March 16, 2006

SAN FRANCISCO -- Report Cites Specific Strengths in Financial Governance and Planning, Cost Tracking, Resource and Demand Management, as Well as Product Strategy

Business Engine, the leading provider of financial governance software solutions to project-driven organizations, today announced it has been declared a 'Leader' in the March 2006 Forrester Wave(TM) report entitled "Project Portfolio Management, Q1 2006". Forrester's objective market evaluation defines Leaders as having both a strong current solution and product strategy and a distinguished market presence.

The report evaluated 13 vendors across 94 distinct criteria, top-ranking Business Engine in the financial management, demand management, and workflow categories as part of the overall Business Engine Network (BEN) solution.

"Business Engine provides robust financial planning and tracking capacity that enables an organization to create comprehensive cost center budgets for top-down forecasting, granular cost tracking, multiple billing rates, and cross-departmental chargeback capabilities," wrote Margo Visitacion, Vice President at Forrester Research and the report's author.

"Demand management, called ideation, provides multiple avenues for creating ideas and project, investment, and work proposals," she added.

Regarding Business Engine's business intelligence strengths and product relationship with Cognos, Forrester also stated: "Customers considering Business Engine should realize that the product contains an extremely powerful repository, and using reporting products like Cognos should be mandatory."

"This recognition reflects our product strengths and depth in creating financial transparency for project-driven firms via our business intelligence, process management, and portfolio optimization capabilities," said Mark Strauch, Business Engine President and CEO. "We are thrilled Forrester has cited Business Engine as a leader for the second consecutive time in the Wave report. We look forward to continuing our track record of delivering high value solutions to our customers to help them more efficiently manage their investments."

About Business Engine

With more than 20 years experience in developing innovative enterprise applications, Business Engine is the leading provider of financial governance solutions for project-driven organizations. Business Engine solutions provide industry-leading organizations with visibility and control to align corporate objectives with portfolio investments, make informed decisions and generate greater ROI. Our customers and their customers rely on Business Engine solutions for cost transparency into where investment dollars are being spent and what they are delivering in return. With real-time information about the portfolio, executives at all levels are able to make relevant and actionable decisions that improve business results. Business Engine serves over 80,000 end users at more than 500 global organizations, including Boeing, Deutsche Bank, ING, Merrill Lynch, Pfizer, Siemens and Tesco. Visit www.BusinessEngine.com for more information.