Early 2001 Results: Planview Announces 9th Straight Year of Revenue Growth and Profitability

AUSTIN, TX — February 21, 2002 — Planview, the world leader in integrated project, service and resource management software and services on the web, announced early results of its 2001 financial performance. As it has done continuously each year since 1993, Planview grew in revenue and was also profitable. "We are thankful to our customers and staff for our results in 2001," said Patrick Durbin, Planview's President and founder. "It was a difficult year for the high-tech industry, and our growth was a validation of our corporate stability that comes from remaining private and self-funded." He noted that the company's growth came in a year which also included funding and growing the Planview European offices, converting an Italian VAR into a wholly owned office, and putting out two major releases of Planview Web Software.

Planview Software is 100% web software accessed through a corporate Extranet or Intranet that helps organizations manage the flow of projects as well as non-project work through the enterprise. Planview Software consolidates work and resources into a central repository that managers, contributors (staff), and executives and other stakeholders can access in real-time using their personalized Planview web portal. IT managers can prioritize projects for the entire organization and build realistic multi-project schedules based on the skills and availability of their professional staff. The staff progresses projects by reporting to the central repository their hours worked, expenses, and estimates of hours remaining.

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. All other trademarks are acknowledged.