Mortgage Services Firm Chooses Planview to Boost Productivity

MCAP implementing portfolio management software to better predict scope of projects

AUSTIN, Texas — November 2, 2004 — Planview, Inc., a leading provider of IT portfolio management and corporate IT governance solutions, today announced that MCAP Mortgage Corporation (TSE: MKP) selected the company's project portfolio management software for resource management, project management, productivity enhancement and portfolio reporting capabilities.

"We consider this to be a competitive advantage," said Wendy Hague, director of PMO at MCAP. "We'll now be able to more accurately manage resource capacity, which positions us to look at our projects at a portfolio level so we can determine when and how to take on additional projects. We also anticipate productivity improvements with the integration of project planning and time reporting at the task level."

Planview's portfolio management software further increases productivity by automating the staff time originally committed to project management and planning. With the software's portfolio reporting capabilities, MCAP is able to see the implications of adding or subtracting projects from the mix.

MCAP originally evaluated six PPM vendors but selected Planview because the software most closely fit the company's requirements with regard to cost, financial stability and ease of use. They also consulted Gartner Consulting for additional validation of their decision. According to Hague, Planview University and the PlanviewDirect blended training approach were key components to getting their IT and PMO teams up and running quickly.

"MCAP is a seven-year-old firm and the first mortgage investment company in Canada to align investors with service providers," said Jeff Durbin, vice president of marketing and business solutions at Planview. "They are clearly a forward-thinking organization looking to utilize Planview to assist in delivering greater efficiency in reaching and attaining project commitments to all stakeholders."

"The key value to me is a single view into our integrated project planning, which enables us to see the impact any changes will make to the entire organization," said Jeanne Epp, associate director of IT at MCAP. "Now our COO always knows what's going on."

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.

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.

About MCAP Inc.

MCAP is a loan company under the Trust and Loan Companies Act and a mortgage investment corporation under the Income Tax Act (Canada) and is headquartered in Toronto. Its common shares are listed on the Toronto Stock Exchange and it is a reporting issuer in all provinces and territories of Canada. For more information: email mcapexecutive@mcap.com.