Planview and neoIT form alliance to enhance service collaboration

Web-native solution to leverage a skills and projects pipeline to streamline the procurement and delivery of services globally.

AUSTIN, TX and SAN RAMON, CA — June 22, 2001 — Planview, the world leader in integrated project, service and resource management software, and neoIT, the leading global provider of technology for procuring, managing and delivering IT services, today announced a partnership that will improve resource management and IT procurement at organizations globally. neoIT and Planview will offer clients a skills pipeline analysis and projection solution that integrates with recruitment and outsourcing automation to empower IT management to better support their organization's business needs.

neoIT's core products — neoIT Buyer and neoCollab — allow companies to manage the entire IT services outsourcing lifecycle online. The web-native software emulates the workflow associated with procuring IT services. From capturing project requirements, to bidding, to negotiations, to delivery management, each step of the process is automated — enabling IT buyers and service providers to improve performance and save time and money.

Planview Web Software improves how an organization plans, manages, tracks and shares work and resources. Planview provides a rich solution for internal IT and professional services organizations that includes management of projects and service-level agreements, skills pipeline management, risk and change management, integrated time and expense accounting, resource search and allocation, and real-time access to a central repository of all work and resource data.

"Leading companies use neoIT's impressive technology to procure critical IT resources for projects," says Gregory Gilmore, Planview's Chief Operating Officer. "Integrating Planview's powerful resource management and neoIT's IT sourcing and procurement technology will give our customers increased speed to market, reduced costs, and better on-time delivery."

Atul Vashistha, neoIT Co-Founder and CEO, added, "The depth of the Planview offering for managing projects, service, and resources globally combined with neoIT's comprehensive, customizable technology will ensure quality results as organizations standardize, streamline and automate the IT services procurement process."

Ted Kempf, Principal Analyst, Gartner Dataquest , observes, "In today's environment companies are increasingly motivated to optimize not only the manner in which they deliver IT services but also the manner in which they strategically procure IT services. The synergy between combining Services Process Optimization applications for managing IT services delivery with e-procurement solutions is clear and the logical next step for both classes of software."

About neoIT

Headquartered in San Ramon, Calif., neoIT is the leading global provider of technology for the sourcing, procurement, management, and delivery of IT services. Leading companies use neoIT's proprietary technology, enterprise software, global IT marketplace and consulting services to more effectively source, manage and deliver IT projects — resulting in on-time delivery, reduced costs, and increased speed to market. neoIT's buyers and providers include Fortune 100 companies and technology leaders such as Cardinal Health, Procter & Gamble, KPMG Consulting, Quantum/ATL, Cap Gemini Ernst & Young, BellSouth, Perot Systems, Tata Consultancy Services, Arthur Andersen, and Shipserv. For more information, visit www.neoit.com.

About Planview

Planview Web Software is unique in that it allows an organization to manage its work based on the availability and skills of its people, both present and projected, including contractors and other outsourced staff. Founded in 1989, Planview is the world leader in integrated project, service and resource management software and services to Global 3000 organizations. Allianz, Baltimore Life, Discover, Katun Corp., National City Insurance, Pfizer, Reuters, Volkswagen America, Zurich North America, and others make up the over 350 clients who have licensed more than 200,000 copies of Planview software. The company has headquarters in Austin, Texas, with field offices across the US, in Germany, the UK, Italy, Benelux and France. Planview is privately held, financially conservative, and has enjoyed ten straight years of profitability and increasing revenue. For more information contact Planview at www.Planview.com.

Planview is a registered trademark of Planview, Inc. ProSight is a trademark of ProSight, Inc. All other product and company names may or may not be trademarks or registered trademarks of their respective companies.