Planview and Morgan Hill Announce Market Leading Portfolio Management Service

Reading, Berks — February 15th 2007 — Planview, the leading provider of comprehensive portfolio management solutions and Technology Management Consultancy, Morgan Hill today announced a new service aimed at those sanctioning IT investments. The service will be of value to corporate executive boards and addresses the perennial question: What value arises from the growing investment made in technology and what is the risk profile attached to it?

The question is answered by using Planview Enterprise, Planview's portfolio management product to deploy the Morgan Hill Metresis model against elements of corporate strategy and portfolios of technology investments.

The Metresis model provides a crystal clear analysis of:

• Where the investment is going
• How it aligns with corporate strategy
• What value arises from it
• What risk profile attaches to the investment
• Who is responsible for delivering the value

The model has been deployed across a range of industries in a number of FTSE 100 and 250 companies with great success. The results are a measurable and significant increase in the financial return achieved from the investment made in technology.

"Our clients have used this model to invest in technology with a much higher degree of confidence. In addition, the model allows an executive board to see what competitive advantage is being gained from the technology investment. We have CEO, CFO and CIO level testimonies to both these facts." says Nigel Duke, MD of Morgan Hill.

Commenting on the new service, Pat Durbin CEO of Planview says: "The great advantage this service brings to Planview's clients is the ability to embed the disciplines of Metresis into operational procedures. This means that the technology investment can be actively managed for value on an ongoing basis using Planview as the delivery mechanism. It really does bring the business and IT leaders together in a way that measurably benefits the organisation as a whole".

The service is available initially in the UK with continental European rollout planned for later in 2007. It can be deployed and proven in any organisation with an annual IT investment of more than approximately €15m p.a. within three months. The Metresis model has been successfully applied in organisations with technology investments of up to €600m per annum.

A webcast entitled "Proof of Value — A Boardroom Perspective" will take place on Thursday March 8th at 14.00 to provide a background to the new service.

About Planview

Since 1989, Planview has been a market leader and trusted partner in software solutions for high performance IT management, enabling organizations to integrate the decision-making process to improve alignment of IT resources with business strategies. Our industry-leading product line, Planview Enterprise, brings the most comprehensive IT management solution to the market, combining adaptive IT management best practices and implementation methodology with best of breed resource management, demand management and financial management processes. Planview serves an active and growing global customer community of over 450 organizations in financial, insurance, healthcare, government and other industries. The company is privately held and has been profitable for over a decade.

For more information visit www.planview.eu

About Morgan Hill

Morgan Hill is a technology management consultancy that works with senior executives to improve the value delivered to a business by technology based investments. The company deploys an adaptive management framework called Metresis that enables delivery of quantifiable value from an IT investment within an understandable level of risk.

We measure the value of an IT investment and we provide the management tools and processes for improving that value. We help to simplify the IT infrastructure and to select the most effective technologies and vendors.

Morgan Hill operates in the domains of: Strategy, Performance Improvement, Mergers and Acquisitions, Outsourcing and Programme Management.

The company has FTSE 100 and 250 clients in: Banking, Logistics, Technical Distribution, Telecommunications, Insurance and Manufacturing.

For more information visit: www.morganhill.co.uk