Business Engine Ranked Among Leaders in IT Portfolio Management

Market Wire, July, 2004

Business Engine, a leader in IT Business Management and collaborative project portfolio management (PPM) applications, announced that AMR Research has bestowed a prominent and leading ranking to the company in a study entitled: "IT Portfolio Management Software: Clear Benefits, Converging Marketplace," dated June 2004.

According to the study, and its authors AMR Research analysts Dennis Gaughan and Carline Durocher, "Business Engine was the vendor that best demonstrated scalability for IT, with one reference deployed to over 13,000 users across North America and Europe." Additionally, the report noted that Business Engine's flagship product, "the Business Engine Network (BEN), scored well specifically in its budgeting and resource planning capability."

AMR Research conducted the study by evaluating 14 vendors providing portfolio management software for IT organizations. The study evaluated vendors along two axes -- Product Attributes and Company Attributes. The former focused on functionality, technology, references, and internationalization; the latter assessed business strategy, financial strength, customer practices, and international capabilities.

"We're pleased that AMR Research has validated and recognized Business Engine's position as a leader in this growing market space," noted Doug Dickey, CEO and President of Business Engine. "Corporate IT groups need a technically strong and scalable solution to optimize their IT portfolio of investments and continually align IT with business strategy. Business Engine's proven strength and focus on running the business of IT meets exactly that need."

For more information on the AMR Research IT Portfolio Management Report, please visit www.amrresearch.com.

About Business Engine

Founded in 1985, Business Engine solves portfolio project, resource and financial management issues for large global IT, engineering and R&D organizations. Over 400 Global 2000 organizations are using Business Engine products, including the Business Engine Network(TM) (BEN(TM)), to align IT with business strategy, operate more efficiently improving the effective management of their global projects, initiatives and budgets, and the utilization of their internal and external resources. Customers include market leaders from the aerospace and defense, financial services, retail and pharmaceuticals industries such as Boeing, Deutsche Bank, Honeywell, Tesco Stores, Merrill Lynch, Pfizer, Schering-Plough and Siemens. For more information, visit http://www.businessengine.com.

Contact: Trudy Montgomery (415) 515 6094 trudy.montgomery@businessengine.com