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Juniper Foo | Apr 29, 2005

MIAMI -- Systems Union Inc. a leading global provider of financial and performance management solutions for the mid-market, has been named on Gartner Inc.'s Magic Quadrant for Corporate Performance Management (CPM) Suites, 2005(1). The Gartner CPM Magic Quadrant is published annually as an analytical representation of the current CPM market, measuring vendors on their "ability to execute" and "completeness of vision."

The Magic Quadrant, which is compiled by Gartner analysts, comprises the market leading solutions and industry giants. It is widely recognized by organizations as a key tool in the research of best of breed solutions available on the market. Indeed it is viewed as a crucial source of independent analysis, assisting companies in the evaluation and potential selection of the most appropriate offerings to meet their different organizational needs.

"We believe Systems Union's position in the CPM Magic Quadrant confirms that we are delivering on our strategy to offer our customers world-class solutions for planning, forecasting, budgeting, consolidation, risk management, balanced scorecards and analytic reporting," said Paul Coleman, chief executive officer of Systems Union. "Our aim is to help customers realize the full value of business information by delivering finance and performance management solutions that are easy to use and simple to deploy and customize. We feel such recognition by Gartner, which is one of the most highly respected research houses, is very encouraging and provides an invaluable independent recognition of our strategy and the strength of our solutions in the CPM market place."

Since the acquisition of MIS AG in 2003, Systems Union has been building a world-wide performance management business, delivering an application framework for custom business intelligence and packaged applications for enterprise planning, consolidation, subsidiary management, risk management and balanced scorecards. Together with the acquisition of Lasata Software 2004 which added real-time ad-hoc transactional reporting through its Vision suite, Systems Union now boasts an unrivalled portfolio of market-leading and proven performance management solutions.

About The Magic Quadrant

The Magic Quadrant is copyrighted 4 November 2005 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the "Leaders" quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Systems Union

Company background

Systems Union is one of the world's leading distribution networks through which it sells first-class financial and performance management solutions to the mid-market.

The Company, which is listed on the Alternative Investment Market (AIM) of the London Stock Exchange, is committed to growth and to the continual development of solutions that improve an organization's ability to more effectively produce, consolidate, analyze and report financial and wider management information in a unified way.

In addition, our solutions enable today's organizations to adopt a proactive approach to budgeting, planning and forecasting processes, crucial for the future success of any business and its domestic and international operations.

The Group's objective to remain the world's leading mid-market provider of Financial and Performance Management solutions is supported by its expanding portfolio of global solutions, its global scale and its global reach combined with an international team of staff and management and the financial resources necessary to further drive the business and its success.

Systems Union at a glance

Today Systems Union Group plc comprises SunSystems, MIS, Vision, Pegasus, REDtechnology, ncSoft and Foundation Systems.

The Group delivers its Financial and Performance Management solutions to over 50,000 customer sites in 194 countries around the world via its network of 46 corporate offices in 19 countries and 500 reseller partners in 73 countries.

Corporate website: www.systemsunion.com

Email: doug_shirra@systemsunion.com

(1) Gartner Magic Quadrant for CPM Suites, 2005: Nigel Rayner, Frank Buytendijk, Lee Geishecker, 4th November 2005.

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