Pacific Edge Software Delivers Enterprise Portfolio Management with Portfolio Edge 1.0 and Project Office 4.0

New Version Improves Scalability, Team Collaboration and Closed Loop Planning

Bellevue, Wash.- November 6, 2002— Pacific Edge Software Inc.,(www.pacificedge.com) the leader in Enterprise Portfolio Management solutions, today announced the immediate availability of Project Office version 4.0, streamlining the Portfolio Management process on the Web. The new release boasts enterprise scalability, improved integration with project data, team collaboration and enhanced Web-based functionality. Additionally, customers who are currently using the product, including The Trane Company, Ruan Transportation, Baylor University and Alcon, report smooth upgrades and outstanding customer support.

"Companies intent on improving the value of their IT portfolio are implementing our Portfolio Management solutions enterprise-wide and they require technology like ours that scales easily to thousands of users,” said Mike Metcalf, vice president of marketing for Pacific Edge Software. “ We are seeing tremendous growth in the number and size of our portfolio management implementations across varied market segments. This new release of Project Office allows our customers to easily deploy and manage large IT and R&D portfolios across the enterprise.

Project Office Roles
Portfolio management solutions from Pacific Edge are designed to address the needs of all levels of decision makers in an organization, from portfolio managers and executives, to project managers, resource managers, and project team members.

“Using the Pacific Edge Portfolio Management solution has assisted us in tying our project investment decisions directly to our corporate goals and strategies,” said Dr. Reagan Ramsower, CIO of Baylor University in Waco, Texas. “The enterprise platform unveiled by the company proved to be easily implemented and has allowed us to extend the use of portfolio management across the organization without starting from scratch, saving us both time and money.”

Specifically, Project Office 4.0 and Portfolio Edge 1.0 provide:

• Portfolio Managers - Easy access to review resource, financial, schedule, risk and value metrics for the entire portfolio to control costs while maximizing value.



• Project Managers - Creation, planning and management of projects, resource assignments and tasks, as well as team collaboration via the Web. Project Office Connectors provide smooth and flexible integration with Microsoft Project® for detailed planning.



• Resource Managers - Management and allocation of centralized resource pools based on availability, roles and/or skills.



• Project Teams - Collaboration with other team members on logs, documents, links, time, status reports and project plans.

Project Office 4.0
Specific features in the new release include:

• Enterprise scalability - Easy deployment across organizations. Customers such as Trane, Ruan Transportation Management Systems, Baylor University, and Alcon Labs have successfully implemented the solution across their organizations. Currently, more than half Pacific Edge’s customers have moved to the newest enterprise architecture.



• Customization - Extensive configuration tools allow organizations to customize the way they manage their portfolios and provide personalized views to all portfolio stakeholders.



• Anywhere access - Direct access to investment and project profiles, and related portfolio information contained in documents, logs, and external links.



• Team collaboration - With Web-based capabilities, Project Office 4.0 delivers instant access to investment and project risks, issues, changes or requirements.



• Microsoft Project Connectors - New Connectors allow project managers to manage detailed task plans with Microsoft Project® 98, 2000, and 2002 and publish accurate cost and schedule information to the portfolio for analysis and review.

Portfolio Management
The Pacific Edge Enterprise Portfolio Management solution facilitates the continuous process of selecting and managing the optimum set of investments to deliver maximum business value. Through this decision-making process, management can reach consensus on the best use of resources to focus on investments that are achievable and strategically aligned with business goals. The resulting portfolio delivers a tactical balance of what is possible and what is needed.

In the last year alone, Pacific Edge Software customers saved millions of dollars by employing the company’s Portfolio Management solutions. Similar to a financial portfolio, where the mix of stocks, bonds and other investments is manipulated based on the overall financial goals of the owner, portfolio management stems from the desire to look at all investments like assets, programs, products, within a company under one umbrella, ensuring company goals are being realized.

Founded in 1998, Pacific Edge is headquartered in Bellevue, Washington and is privately held. Investors include Foundation Capital (www.foundationcapital.com), Sequoia Capital (www.sequoiacap.com), Northwest Venture Associates (www.nwva.com), and Fluke Venture Partners (www.flukecapital.com).