Planview Positioned in Leader Quadrant of Premier Industry Analyst's Report

Analyst firm releases Project and Portfolio Management Magic Quadrant

AUSTIN, Texas — July 26, 2004 — Planview, Inc., a leading provider of portfolio management and corporate IT governance solutions, announced today that Gartner, Inc., a premier industry research and advisory firm, has listed the company in the leader quadrant in its annual report, "Magic Quadrant for Project and Portfolio Management" dated July 2, 2004.

"This is a very important position for us and we're proud to achieve it," said Pat Durbin, CEO of Planview. "As the market grows and evolves to include more integrated suites, IT organizations need to know which company stands to best help them improve and sustain their IT governance processes."

The "Magic Quadrant for Project and Portfolio Management" report evaluated vendors based on several key factors including ability to execute, strength of management team, reliability, functional depth of the product's tools, service and support, channel strength and vendor's vision. According to Gartner, vendors listed in the leader quadrant are performing well, have a clear vision of market direction and are actively building competencies to sustain their leadership position in the market.

The report suggests that, "By 2009, most IT organizations will have adopted a set of PPM application Web services to plan project portfolios; allocate resources to projects and support tasks; support project team collaboration; and track schedules, resource utilization and costs." These organizations will be motivated by a desire to comply with regulatory mandates as well as quantify IT's contribution to the company's bottom line.

Planview customers are already seeing the PPM benefits outlined in the Gartner report. Companies such as Wells Fargo, BMC, Volkswagen America and Ceridian use Planview's strategic work and resource portfolio management tools to achieve their IT process management goals. The company's IT portfolio management software is complemented by it's exclusive PRISMS best practices library and allows implementation two to three times faster than traditional approaches.

About Planview

Founded in 1989, Planview enables enterprises to make business sense out of IT. More than 350 customers and 400,000 users at industry leaders, including Allianz, Farmers Insurance, Pfizer, Reuters, the State of Connecticut Department of Information Technology, Volkswagen America and Zurich North America, rely on Planview's Portfolio Management Software, PRISMS™, Customer Implementation Assurance and Planview Direct™ to forecast, plan, manage and execute their portfolio of projects. Planview is headquartered in Austin, Texas, with offices throughout the United States, the UK, France, Germany, Italy and the Netherlands. Privately held, Planview has enjoyed 11 straight years of profitability and increasing revenue. For more information, visit www.planview.com.

The Magic Quadrant is copyrighted July 2, 2004, by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the "Leaders" quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

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