Press Release - June 30, 2006

For Immediate Release

PowerSteering Software Announces 12 New Customers

US Army, NAVAIR, Best Buy, BAE, & Washington Mutual Select PowerSteering

June 30, 2006

PowerSteering, the market leader in On-Demand Enterprise Performance Improvement solutions for Lean, Six Sigma and Operational Excellence, today announced the addition of 12 new customers through the fiscal second quarter of 2006.

New PowerSteering customers acquired during the first half of 2006 include the U.S. Army, NAVAIR, Best Buy, Washington Mutual, BAE, SFR, Portola Packaging, Erickson Retirement Communities, Navigant Consulting, Huber, Charter Steel, and Blue Cross Blue Shield of Minnesota. For every win, a comprehensive competitive assessment was conducted and each organization concluded that PowerSteering was the market leader and therefore the best choice. In addition to these new wins, PowerSteering also expanded existing customer relationships at Raytheon, Tyco, United Health, and the UK Ministry of Defence and achieved a 100% customer renewal rate for its on-demand subscription model.

In parallel with acquiring 12 new customers, PowerSteering also recently introduced version 5.0, its most significant new software release to date setting the new standard for ease of use and on-demand access for Six Sigma deployment management software. Infused by rich Voice of the Customer input, the release included hundreds of enhancements to improve user productivity, project selection, and portfolio visibility.

"I am extremely pleased with PowerSteering's strong sales performance and long list of wins in the defense, healthcare, financial services, retail and manufacturing sectors. It's also very impressive to see that customers are not only using PowerSteering to manage their Six Sigma/Lean/Operational Excellence programs, but also for strategic execution of their other Performance Improvement initiatives including Merger Integration, IT Portfolio Management, Program Management and Strategic Sourcing," observed Stephen Sharp, PowerSteering CEO.

About PowerSteering Software

PowerSteering Software is the leader in On-Demand Enterprise PPM software for Information Technology, Operational Excellence, 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

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For additional information:

Linda Duchin
This e-mail address is being protected from spambots. You need JavaScript enabled to view it
617-995-5763

 

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