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Numara Software Achieves Major Milestones Within Six Months of Launch As Independent Company; Record Revenue, New Products, Customer Wins, Executive Appointments and Industry Awards Signify Company Success and Momentum

Posted on: Wednesday, 14 June 2006, 15:00 CDT

Since its launch as an independent company in December of 2005, Numara Software, Inc. (formerly Blue Ocean Software) has achieved several milestones, marking its continued momentum as a leading supplier of IT management solutions. Numara Software has already experienced record quarterly revenues, several industry accolades, strategic executive appointments and wide customer adoption of its core product offerings.

In the most recent quarter ended April 2006 (Q3 FY2006) and its first full quarter as an independent company, Numara Software achieved its highest revenue level in the company history dating back 15 years to its days as Blue Ocean Software.

"We are pleased to see such indications that our strengths and strategies are paying off - benefiting both Numara Software and our customers," said David Weiss, president and CEO, Numara Software. "This revenue growth was largely attributed to the launch and adoption of Numara Track-It! 7 among our current customers and prospects, and the increased visibility we have received in the marketplace as an independent company. We are happy to see our momentum has continued through the divestiture."

Product Releases and Upgrade Adoptions

Since the December 2005 launch of Numara Track-It! 7, Numara Software's flagship product and the most widely installed help desk and asset management solution in the world, Numara Software experienced a record number of upgrade downloads from customers and prospects, marking more evaluation requests than any other software release in the company's 15-year history.

Numara Track-It! 7 encompasses all of the popular features of the product's previous versions in addition to enhanced scalability and ease of use. Customers ranging from SMBs with a relatively small number of assets under management, to large enterprises with tens of thousands of assets in multiple locations around the world use Numara Track-It! to combine, track and analyze their helpdesk and IT support, asset management, purchasing and inventory information. The County of Los Angeles Department of Health Services, Park University and Liberty Bank of Arkansas are just a few of the organizations in the United States who upgraded to Numara Track-It! 7 to automate and simplify key IT management tasks within their organizations. A free trial of Track-It! 7 can be downloaded from the Numara Software web site at http://www.numarasoftware.com/products.asp?src=pr&trm=mile

"With Numara Track-It!, we now have processes and procedures in place to streamline and more readily view and report work orders," said Ray Koslo, Technology Coordinator, Cuyahoga Valley Career Center, a Numara Track-It! 7 user. "Even with the self-service module, our end users can have real-time information about their requests and be able to resolve problems more quickly. Numara Track-It! is more than a technology tool - it is a communication solution."

In February, Numara Software announced the release of Numara Patch Manager 5.5 and Numara Deploy 8. Numara Patch Manager 5.5 increases the security of applications and operating systems by ensuring that vulnerabilities from old software versions are eliminated. Numara's Deploy 8 is a flexible software distribution solution that allows administrators improved task organization to minimize downtime, increase productivity and eliminate illegal software. These new versions provide easy-to-use automated software solutions that enable companies to maintain corporate software standards, ensure end-user compliance and decrease enterprise-wide security vulnerabilities. Free trials of Numara Patch Manager and Numara Deploy can be downloaded from the Numara Software web site at http://www.numarasoftware.com/products.asp?src=pr&trm=mile

New Customers

Following Numara Software's launch as a rebranded, independent entity, a steady stream of new customer sites have selected Numara Software, recognizing the value of managing their IT infrastructure with automated, user-friendly and cost-effective solutions. Examples of new customers selecting Numara Track-It! for help desk and IT asset management solutions include: LGC Wireless, Northwestern State University and The Toronto Blue Jays Baseball Club.

Strengthened Leadership

This year, Numara Software added two key executive appointments to the leadership of the company, both of whom served in management roles at IBM and bring vast software experience and business acumen to Numara Software. In February, Numara Software named Brendan J. Dawson as Chairman of the Board. A veteran of the information systems industry who has served on the board of seven different companies, Mr. Dawson brings to the chairmanship his extensive operations experience and proven track record in growing software companies. In March, Numara Software appointed Michael Branca to the position of CFO to drive the company's financial strategy and economic growth.

Industry Recognition

In February, Forrester Research, Inc. recognized Numara Track-It! as a strong performer among competing small service desk management tools in its February 2006 report, "The Forrester Wave: Service Desk Management Tools, Q1 2006." Ranking criteria included critical assessments of market presence, strength of current product offerings and company and product strategy. The report also recognized Numara Track-It! as being the only service desk solution offering support for Macintosh environments.

As announced in March, a survey conducted by the leading Spanish language market help desk forum, Foro Helpdesk, identified Numara Track-It! as help desk professionals' preferred choice for help-desk software. Conducted annually since 1999, Foro Helpdesk's best practices survey selected Numara Track-It! over seven other solutions, including Remedy's Action Request System and Magic Service Desk. The survey also named Numara Track-It! as the most easy to use and affordable solution on the market.

Earlier this month, Numara Track-It! was named a Preferred Product in the Compliance and Asset Management category of Redmond magazine's Readers' Choice program. Numara Software was one of only two IT asset management vendors honored for this year's Compliance and Asset Management award, recognized by Redmond as the best in helping companies meet their compliance needs.

Additionally, Numara was recently honored as the recipient of the Peak Performer Award for marketing excellence by SMEI Tampa Bay (Sales & Marketing Executives International), recognizing Numara Software's re-branding efforts associated with the transition from Blue Ocean Software.

"We have put many pieces in place to foster our success and pave the way for increased customer confidence and industry leadership," added Weiss. "We are committed to delivering the highest quality and most easily adopted solutions to enterprises of all sizes that wrestle with the management of their IT assets. Numara Software has a solid product foundation on which we can build efficiently, cost effectively and timely to continue to respond to our customers' top challenges. We have the leadership strength and credibility in the industry to grow in every aspect of our business."

About Numara Software, Inc.

Numara Software, Inc. (formerly the Blue Ocean business unit of Intuit) is a global provider of IT management solutions for IT professionals who need to simplify and gain control over their increasingly complex environments. The Numara Software trusted solutions automate critical IT functions, such as help desk and asset management, software patch and deployment, and network monitoring. Unlike manual approaches and overly complicated or expensive software products, Numara Track-It! delivers proven value based on more than a decade of best practices. As the most widely installed help desk and asset management solution, Numara Track-It! has helped IT professionals at more than 45,000 customer sites track 14 million assets worldwide. For more information, visit www.numarasoftware.com.

Source: Business Wire

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