Planview Expands into Asia Pacific with New Office in Australia

Regional presence to meet the growing demand for IT portfolio management software in Australia and New Zealand

AUSTIN, Texas — October 18, 2005 — Planview, the leading provider of comprehensive IT portfolio management solutions, today announced it has opened a new office in Melbourne, Australia to meet the growing demands of partners and customers across Asia Pacific. Paul Dharmaratne has been named Regional Director of Asia-Pacific. Mr. Dharmaratne will direct all regional sales and marketing operations across Asia-Pacific, enabling Planview to meet accelerating demand for Planview Enterprise, the most comprehensive IT portfolio management solution designed to align IT spending with business objectives.

"This new office represents a significant opportunity for Planview to further strengthen our worldwide network of direct offices with a local business contact and customer support," said Thomas Chauchard, vice president of Planview in charge of the international expansion program. "Paul Dharmaratne is an industry veteran within this region and we are pleased he will be driving business development initiatives and creating expanded growth opportunities for Planview within the Pacific Rim."

As the leader of Planview's Asia Pacific operations, Paul Dharmaratne will assess strategic options available for expanded business development and growth within the region. With over 25 years of information technology sales and marketing experience behind him, Paul is proficient in using strategic and solution selling methodologies to lead successful sales and marketing teams, and to manage distributor and reseller channels across Asia Pacific.

"Solutions for managing and optimizing IT spend are in high demand as CIOs are fast turning their focus to aligning IT with corporate business objectives," said Paul Dharmaratne, regional director of Asia Pacific. "Planview's expansion in Australia has been met with enthusiasm by our customers and partners in the region and we expect to ramp up very quickly."

The Australian office will provide sales, marketing and technical support to customers and partners in Australia, New Zealand, Hong Kong, Indonesia, Singapore and other countries in the region. For more information please visit. http://www.planview.com

About Planview

Since 1989, Planview has been a market leader and trusted partner in software for comprehensive IT management. Our flagship product, Planview Enterprise, brings the most comprehensive IT management solution to the market, combining adaptive IT management best practices, best of breed resource management and portfolio management software. Planview enables business leaders to integrate the decision-making process to improve alignment of IT resources with business strategies. We serve an active and growing global customer community of over 400 organizations in the financial, insurance, healthcare, government and other industries. Planview is privately held and has been profitable for over a decade. For more information, visit www.Planview.com.

Planview Enterprise is a trademark of Planview, Inc.