Colorado Springs Utilities Selects Brio Software for Organization-Wide Performance MonitoringBusiness Intelligence Solution Will Empower More than 1,700 Employees with Immediate Access to Relevant Performance Metrics SANTA CLARA, Calif., June 26, 2002 -- Brio Software (Nasdaq: BRIO), a leading provider of next-generation business intelligence tools, today announced that Colorado Springs Utilities has purchased the Brio Performance Suite™ as its corporate standard for business intelligence to increase insight and improve the performance of more than 1,700 employees across six divisions. As a community-owned organization, Colorado Springs Utilities provides utility services, including gas, water, electric and wastewater, to the citizens of Colorado Springs. During a major reorganization early in 2001, executives looked for ways to improve business intelligence from the various service departments and IT systems. Their goal was to deliver performance metrics reports that improve understanding of and insight on both individual and organizational performance. "We found that Brio's business intelligence software allowed us to place data into the hands of end-users for more effective decision-making and it integrated well with our existing IT systems," stated Ed Martinez, general manager for information technology services, Colorado Springs Utilities. "The product allowed our finance manager to develop financial reports and required virtually no training." Brio Performance Suite will provide individual decision-makers with the ability to run ad-hoc queries and create their own reports at any given moment. Robust, yet easy-to-use charting capabilities will eventually enable employees to log in daily to view their personal performance metrics and measure progress against the organization's overall business goals. "We are delighted to be working with Colorado Springs Utilities to help improve the performance of the organization," stated Brian Gentile, executive vice president, chief marketing officer, Brio Software. "In deploying Brio, Colorado Springs Utilities is leveraging our Suite's key strengths by delivering a powerful, easy-to-use business intelligence solution to help its employees measure personal productivity against established performance objectives. It's a great use of business performance software." About Colorado Springs Utilities About Brio Software The Brio Performance Suite is a trademark of Brio Software. The statements in this press release regarding the results and improvements obtained based on the implementation of Brio Software applications within Colorado Springs Utilities are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended. Such statements are subject to risks and uncertainties that could cause actual results to differ materially from those anticipated. Such risks and uncertainties include, but are not limited to, changes in business strategy, quality and integrity of data inside the Brio applications, limited resources for product installation and integration of the Brio Software applications at Colorado Springs Utilities, specific software versions at Colorado Springs Utilities sites, as well as Brio's future product direction and general economic conditions. For a more complete discussion of risk factors that could affect Brio's current and future operating results, see the discussions in Brio's reports filed with the SEC from time to time, including but not limited to Brio's Amended Annual Report on Form 10-K for the year ended March 31, 2002 filed with the SEC on May 21, 2002 and Brio's Quarterly Reports on Form 10-Q for the quarter ended June 30, 2001 filed with the SEC on August 14, 2001, for the quarter ended September 30, 2001 filed with the SEC on November 14, 2001, and on Form 10-Q/A for the quarter ended December 31, 2001 filed with the SEC on May 21, 2002. Brio Corporate Headquarters 4980 Great America Parkway Santa Clara, CA 95054 +1.800.879.2746 (toll free) |