http://www.managesoft.com

Recognized by Gartner Group as a Visionary in GartnerÂ’s Desktop Software Distribution Magic Quadrant

Boston, Mass.– ManageSoft, The Software Management Company™, today announced that it has added several new customers in the first quarter as the company continues to execute on its aggressive growth strategy by increasing its customer base by 92 percent during the past fiscal year. Currently growing at an annual license revenue rate of 81 percent through operations in the United States, Europe and Australia, the newest additions to ManageSoft’s customer base include both domestic and international companies further demonstrating ManageSoft’s ability to meet the needs of global organizations.

Some of the new customers include, mindSHIFT Technologies, Crowe Chizek and Great Plains Energy all based in the United States. From its Asia/Pacific operations ManageSoft signed a significant new customer contract with Australian Aerospace. Additionally, ManageSoft signed major new deals from the companyÂ’s European operations including, Douglas Informatic & Service GmbH and Triumph-Adler.

“We were looking for a software asset management solution that could help us manage our customer base comprised of more than 4,000 computers across 170 sites worldwide,” said Dave Paris, vice president of Engineering at mindSHIFT Technologies. “We selected ManageSoft because it offered the most complete automated software management solution available, with both an inventory management module and a security patch solution. We began deploying ManageSoft in April and are now able to better streamline the management operations of our customers computers from one central system – freeing up valuable internal resources.”

As a result of ManageSoftÂ’s customer growth, global expansion and continued advancements to its dynamic software lifecycle management suite of solutions, Gartner recognized ManageSoft as a Visionary in their recently published Desktop Software Distribution Magic Quadrant. Gartner attributed ManageSoftÂ’s strong position due in part to the fact that the company expanded its geographic coverage and global presence by nurturing key relationships with IBM Global Services and Siemens Business Services in Europe.

“It is clear that 2004 already has been another strong year for ManageSoft,” said Walter Elliot, CEO of ManageSoft. “Our rapidly growing customer base worldwide validates the demand for software lifecycle management solutions. ManageSoft’s inclusion in the Gartner’s visionary quadrant underscores the hard work and advancements the company has made both from a product standpoint and business standpoint over the past year to offer our customers the most complete automated software management solution in the market.”

With hundreds of industry-leading customers, ManageSoftÂ’s automated suite of management solutions enables IT organizations to automatically deploy, update and manage business critical applications for fixed and mobile computers located anywhere in the world. ManageSoft has more than 100 employees and recently closed $13 million in Series B funding bringing its total funding raised to date to $28 million.

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About ManageSoft Corporation

ManageSoft, The Software Management Company ™, reduces IT supports costs for desktops, laptops, handheld devices and servers located anywhere in the world by enabling large organizations to automatically deploy, update and manage software and security patches for Windows, Linux and UNIX devices. Unlike competing products, ManageSoft solutions combine policy-based management with a scalable and cost-effective client-centric architecture to streamline IT service support, improve IT service delivery, and dramatically reduce IT costs. ManageSoft provides category-leading automated software management solutions for security patch management, server management, software deployment, license management, mobile management, IT asset tracking, software license management and IT business intelligence.

ManageSoft Corporation is a Microsoft Gold Certified Partner, an IBM Business Partner, and a global partner of Siemens Business Services. Founded in 1990, ManageSoft has offices in North and South America, Australia, and Europe, with corporate customers including Diageo Guinness, ANZ Bank, Siemens, Abbey National, Thomson Prometric and T-Mobile. For more information on ManageSoft see http://www.managesoft.com.