PowerSteering Announces Record 2009 PPM Software Sales

Overachieves Sales Goals for Quarter and Year; Continues Profitable Growth

January 5, 2010

Cambridge, MA --  PowerSteering Software, the leader in on-demand enterprise project & portfolio management (PPM) solutions, today announced a 123% increase in new business sales during Q4 compared to the same period last year. The addition of a record-setting number of new customers, coupled with significant customer expansion, propelled PowerSteering to record sales performance, continued profitability and positive cash flow for the fourth quarter and full year.

“We’re gratified by such strong results in the midst of an economic slowdown and extremely encouraged to see that customers recognize PowerSteering’s versatility to meet  diverse portfolio management needs in IT, Product Development, Six Sigma and business PMOs,” said Stephen Sharp, PowerSteering's Chief Executive Officer. “We feel that our unmatched combination of configurability, flexibility and ease-of-use positions us for continued growth.”

In Q4, PowerSteering added the most new customers in a single quarter in the company’s history, including:

• Baptist Health: one of the largest health care systems in Alabama and one of the state's largest employers
• Biogen Idec: a global leader in the discovery, development, manufacturing, and commercialization of innovative therapies and products that address lymphoma, multiple sclerosis, and rheumatoid arthritis
• Carolinas Healthcare System: the largest healthcare system in the Carolinas, and the third largest non-profit public system in the nation
• Champion Technologies: the second largest global oilfield production chemical company with operations in more than 30 countries
• City of Edmonton: the capital city of Alberta, Canada
• HCC Insurance Holdings: a leading international specialty insurance group with offices in the United States, United Kingdom, Spain and Ireland and assets of $9.0 billion
• Johnson Controls: a global leader in automotive interiors, building efficiency and power solutions, with133,000 employees serving customers in more than 150 countries
• Primatics Financial: provides accounting compliance, analytics, valuation, and risk management to small, medium and large size financial institutions
• Mobile Mini: a leading provider of portable storage solutions with 91 branches and operations in the U.S., United Kingdom, Canada and The Netherlands
• Takeda Pharmaceuticals: a wholly owned subsidiary of Takeda Pharmaceutical Company Limited, Japan’s largest pharmaceutical company, who provides patients with innovative products that improve their lives with better healthcare

• Achieving recognition as a Leader for both IT and Business-Driven PPM scenarios in “The Forrester Wave: Project Portfolio Management, Q4 2009”
• Improving Portfolio Visibility, Analytics and Resource Management capabilities via new software releases
• Being recognized as a Visionary in Gartner’s 2009 Magic Quadrant for IT Project & Portfolio Management
• Expanding sales and support operations in Europe
• Completing 2009 with software availability of 99.9% uptime
• Increasing PPM integration support by introducing 150 out-of-the-box data connectors

About PowerSteering Software
PowerSteering Software is the leader in on-demand enterprise project & portfolio management (PPM) solutions for managing Information Technology, Product Development, Six Sigma and other enterprise initiatives. Its easy-to-use software provides executives at Best Buy, BP Solar, Clorox, Ingersoll Rand, Merck, the UK Highways Agency, United Airlines, the US Department of Defense and over 140 other customers with executive visibility, strategy alignment, and enhanced team productivity to drive strategy and accelerate results across the enterprise. For additional information, please visit www.powersteeringsoftware.com or call 1-866-390-9088.

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For additional information:

Linda Duchin
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