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Press Release - October 7, 2008

For Immediate Release

PowerSteering Announces Strong Q3 Sales Performance

Wins Significant Business in Commercial and Government Sectors

October 7, 2008

Cambridge, MA -- PowerSteering, the only On-Demand, Enterprise PPM software used to manage Information Technology, Six Sigma, New Product Development and other enterprise initiatives, today reported strong third quarter results. Highlights include the addition of new customers in both Commercial and Government sectors, and expanded relationships with several current customers.

Select Q3 new customer wins include:

ADT: The leading provider of electronic security systems and services.
H.J. Baker: A world leader in agriculture’s feed, fertilizer and sulfur industries.
Platts: A division of The McGraw-Hill Companies and a leading global provider of energy and metals information.
Philips International: A diversified health and well-being company focused on improving people’s lives through timely innovations.
United States Department of Agriculture: US Government agency providing leadership on food, agriculture, natural resources, rural development and related issues.
United States General Services Administration: Provides a centralized delivery system of products and services to the Federal Government.
US Oncology: The nation’s leading healthcare services network dedicated exclusively to cancer treatment and research.

Other notable accomplishments during Q3 include:

  • Hosted the 4th annual PowerSteering Customer Leadership Conference
  • Signed new strategic PPM partners in North America and Europe
  • Introduced enhanced service level agreements for global customers
  • Delivered 99.998% service availability in September
  • Introduced Practical Insight Thought Leadership Webcast Series featuring Forrester Research and PowerSteering customers Merck and Seagate.
  • Featured Camp IT speaker on Driving Business Value: The Role of IT Governance in the Enterprise

“Our customers understand that disciplined portfolio management and project selection delivers real, bottom-line results, not just in IT but across all project-intensive areas of their business,” remarked Stephen Sharp, PowerSteering’s Chief Executive Officer. “We listen to our customers and continue to invest in product development, service and support. Increased adoption of PowerSteering, coupled with an impressive number of new customer wins, drives our superior performance.”

About PowerSteering Software

PowerSteering Software is the leader in On-Demand Enterprise PPM software for Lean Six Sigma, IT, New Product Development and other enterprise initiatives. Its easy-to-use software provides executives at the US Army, Raytheon, Ingersoll Rand, Merck, United Health Group, TD Bank, Washington Mutual, Seagate, Best Buy and over 120 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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617-995-5763