PANORAMA SOFTWARE DEMONSTRATES RECORD GROWTH IN 2005

Business Intelligence Leader Continues to Capture Market Share Away

From Key Competitors

TORONTO and CHICAGO, March 6, 2006 – Panorama Software, a global leader in business intelligence (BI) solutions, today announced at the Gartner 2006 Business Intelligence Summit in Chicago, significant year-end results for a record 2005. Since 2003, Panorama has been the fastest growing BI Company in the market today.  With a CAGR of 74 percent for over the last three years, Panorama maintains consistent and record growth. 

        The Company expanded its customer base and created strategic partnerships in key regions around the world.  Panorama also expanded its global executive leadership team with several new appointments, and maintained its position as a proactive and innovative leader in the industry through its next generation BI solutions. In addition, the Company is pleased to offer several significant highlights from an already successful 2006.

Panorama successfully grew its current customer base to more than 900 with the addition of 119 new customers in 2005. Customers including Pilot Travel Centers, AGL Resources (NYSE: ATG), Acosta, Bank of Montreal (NYSE: BMO), and Kable News selected Panorama over other leading BI platforms offered by companies such as Cognos, Business Objects and Hyperion. Customers like these chose Panorama because of their proven track record of delivering the most complete and integrated BI and performance management solution in the market. 

Panorama also expanded its partner ecosystem with the addition of 40 new global partners, which saw the Company expand into new markets including Australia, India, Korea, Taiwan and China. Satyam Consulting Services, Scandent Solutions, Retalix, Astea International and VcsTimeless are some of the companies that strategically partnered with Panorama in 2005 and in the first quarter of 2006.  

Panorama also grew its global executive leadership team in 2005 with the appointment of Mark Corsetti – Vice President Worldwide Sales and Oudi Antebi – Vice President, Marketing and Business Strategy. Corsetti, a former Hyperion executive, has been instrumental in shaping the company’s growth strategy for 2005.  Antebi, most recently with Microsoft, has been integral in ensuring Panorama retains its position as one of the most advanced and innovative BI companies in the industry. In early 2006, Panorama also expanded its EMEA executive team with the hire of Stephane Zadri, Vice President – Sales Western Europe.  Based out of Panorama’s France office, Zadri will help drive revenue and build partner ecosystems in the EMEA.  Formerly Managing Director at MicroStrategy Inc., Stephane brings more than 25 years of executive leadership to the team, and will be instrumental in building the company’s profile and bottom-line from the EMEA.

As the year came to an end, Panorama maintained their position as the next generation BI leader by launching in-demand BI products such as Panorama NovaView 5, the company’s flagship BI solution and the industry’s only completely integrated analysis, reporting and dashboards solution, and Panorama NovaView Scorecards, which provides organizations the ability to model advanced business scenarios and consume performance information in a variety of applications to ensure the right users receive information and insight that is relevant to them.  The Company continues to drive its vision of being a global leader in proactive business management through the ongoing development of key BI solutions, as well as investing in key technologies such as radio frequency identification (RFID) to meet the future needs of enterprises spanning several industries, countries and continents.

“Today Panorama is building the backbone for tomorrow’s business successes, systems that will liberate and empower individuals to focus their energies where they can achieve the greatest impact,” said Eynav Azarya, CEO of Panorama Software. “By providing real solutions that gather and share new, relevant, important information with minimum effort, decision makers will see developments and opportunities before they happen. Panorama is pioneering the next generation in BI and performance management applications that will anticipate the needs of decision makers and guide business leaders to make the best choices possible to amplify the results of entire organizations.”