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Panorama Software Expands Leadership Team to Deliver Global Results

Former Hyperion Executive Brings 20 Years of Enterprise Sales and Executive Management Experience to Panorama

TORONTO, ON, April 27, 2005 – Panorama Software, a global leader in business intelligence (BI) solutions for the Microsoft platform, today announced Mark Corsetti as Vice President, Worldwide Sales. Corsetti has more than 20 years of experience in enterprise sales and management and has worked extensively in both the technology and business intelligence sectors.  He will lead Panorama's sales team in the Americas, United Kingdom and Western Europe, as well as continue to build the company's partner ecosystem.

"Mark brings to Panorama a track record of building successful sales organizations that work cohesively and win consistently," says Eynav Azarya, Chief Executive Officer of Panorama Software.  "Mark joins a team of successful sales leaders that have been responsible for Panorama's triple digit sales growth for the past several years.  I am confident that with his leadership abilities we will continue to meet and exceed these results."

Mr. Corsetti spent the past several years with companies such as Hyperion Solutions (NASDAQ HYSL) where he increased the regional license revenue by 70 percent and was named Regional Vice President of the Year for the past three consecutive years. Prior to Hyperion Solutions, Corsetti held several vice president positions with organizations such as Computron Technologies, Inc. and Information Products, Inc.

"As businesses focus on ways to improve performance, they're looking for solutions that can leverage the wealth of knowledge locked throughout their organization to help accomplish this," said Mark Corsetti. "Business intelligence helps to unlock some of this valuable information and allows decision makers to have greater visibility and insight into the performance of the organization.  Panorama is recognized as a leader and innovator of world-class BI solutions and has a proven ability to extend the value of BI to users inside and outside the corporate firewall. I look forward to contributing to the company's growth strategy."

About Panorama Software

Panorama Software helps global organizations unlock the hidden value of their information assets to improve business performance and results.  Panorama extends the Microsoft Platform through integrated business intelligence and corporate performance management solutions.  With Panorama decision makers at all levels and functions can easily analyze data, quickly create and distribute reports, and proactively measure performance.  Companies gain a greater understanding of their business and make better decisions.  These informed decisions improve profitability, increase revenues, reduce costs and time to market and mitigate competitive risks.

Panorama, a leading innovator of business intelligence solutions, supports customers worldwide in industries such as financial services, manufacturing, healthcare, retail, healthcare, telecommunications and life sciences.  Panorama has more than 250 partners in 30 countries, and maintains offices throughout North America and EMEA. More information is available at www.panorama.com.

Panorama NovaView® and the Panorama logo are trademarks or registered trademarks of Panorama Software Ltd. All other company, product or brand names are the trademarks or the registered trademarks of their respective companies. Panorama Software Ltd. is not responsible for errors or omissions. Copyright 2006 Panorama Software Ltd. All rights reserved.