Apax Partners Invests in Planview

Enterprise portfolio management software provider expanding market reach

Austin — November 15, 2004 — Funds advised by Apax Partners, one of the worlds's leading private equity firms, and Planview, Inc., a leading provider of IT Governance solutions, today announced that Apax Partners invested $25 million in the company. The funds will be used to fuel Planview's global growth and offer stockholder liquidity.

Planview's web-based applications effectively serve as an ERP system for the IT department, enabling enterprises to make better strategic investment decisions, optimize the utilization of resources and manage multiple projects simultaneously.

"We seek to partner with mature organizations that have shown they've reached critical mass within their industry," said Greg Case, partner of Apax Partners. "Planview has achieved that milestone. In addition, Planview has demonstrated global business scale, significant year-over-year double-digit revenue growth and proven leadership in this emerging market."

Independently owned since 1989, Planview has consistently been at the forefront of the market's evolution, providing a fully integrated solution that allows IT departments to efficiently manage and deploy resources and other system assets.

"By 2006/07, a majority of mature Global 2000 organizations will seek to run IT more like a business by implementing technologies to concurrently manage resources, projects and assets with a portfolio management framework," said Melinda-Carol Ballou, analyst at META Group. "It is important for vendors to provide an automated combined suite approach as user demand drives product evolution of enterprise portfolio management tool suites that combine strong functional product and process capabilities."

"Apax Partners offers powerful relationships throughout the United States, Europe and Israel," said Patrick Durbin, chief executive officer of Planview. "They will help us expand our global reach, secure strategic relationships and evaluate acquisition opportunities."

"Apax Partners offers us access to skills that would be difficult for us to acquire on our own," continued Durbin. "With 30-plus years of experience helping companies grow their global footprint, we're pleased to have a firm of their stature committed to our success."

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.

About Apax Partners

Apax Partners is one of the world's leading private equity investment groups, operating across the United States, Europe and Israel. With over 30 years of direct investing experience, Apax Partners provides long-term equity financing to entrepreneurs to build and strengthen world-class companies. It pursues a balanced equity portfolio strategy, investing in companies at all stages of development from early stage to buyout. Apax focuses on six industry sectors: information technology, telecommunications, retail, healthcare, media and financial services. The firm's recent investments in the information technology sector include: Princeton Softech, Jamdat, Oblix, Audible, Bristol, INEA and Intralinks. Apax Partners manages and advises over $12 billion on behalf of leading institutional investors around the world. For more information visit: www.apax.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.

Contacts

Apax Partners
Laura Brightsen
212-419-2461
laura.brightsen@apax.com