Planview Celebrates a Decade of Strong Growth and Profitability

Over 20 percent revenue growth in 2002

AUSTIN, Texas — Feb. 20, 2003 — Planview, Inc., the world leader in integrated resource, project and service management solutions, closed another successful year amidst a slow economy and reduced IT spending across the industry. Preliminary 2002 results indicate at least 20 percent revenue growth derived from over 70 new deals, with about half of those from existing customers who added new licenses in 2002 to their proven implementations. This is the tenth year of consistent profitability and increasing revenue for Planview.

"I appreciate the continued faith that our new and existing customers have placed in us," said Patrick Durbin, CEO of Planview. "Our revenue growth and profitability confirms the steady, conservative business approach that has made us a viable partner for these many years."

Significant New Customer Wins:

Planview's new customers represent several industry segments, including financial services, pharmaceuticals, insurance, government, healthcare, manufacturing and technology. American Family Insurance, Farmers Insurance, Millennium Pharmaceuticals, Sherwin-Williams, State of New Jersey Department of IT, The University of Michigan and Volkswagen of America were among the new customers acquiring Planview software and processes in 2002.

Expansion in Europe:

In a time when its competitors were retrenching, Planview also invested in its European growth by opening three new offices there. Planview expanded into France and The Netherlands with Planview S.A.S. in Paris, Planview Benelux B.V. in Amsterdam, and into Milan with a second Italian Planview s.r.l. office.

New, Larger Headquarters:

Another sign of its growth, Planview has outgrown its long-time headquarters in Austin, Texas. The company began 2003 by moving to a 55% larger office space at 8300 N. MoPac Expressway, Suite 100, Austin, Texas, 78759. The new space includes expanded training and conferencing facilities, and an in-house web server facility.

Major Software Investments:

In addition to the company's significant customer growth, Planview invested extensively in its product development efforts based on valuable feedback from customers. Planview released a new version of its software that included several major new features, strengthening functionality of its portfolio management, project management and resource management components.

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 Inc. is the world leader in integrated project, service and resource management software and services to Global 3000 organizations. ALLTEL Information Systems, Allianz, Baltimore Life, BancTec, Discover, Pfizer, Reuters, 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.