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Panorama Software Secures Premier Bank Deal

Hamizrahi Bank Selects Panorama for Enterprise Wide BI Deployment; 100% of All Large Israeli Banks Now Use Panorama's Solutions

TORONTO, February 7, 2005 – Panorama Software, a global leader in business intelligence (BI) solutions for the Microsoft platform, today announces the signing of a multi-annual site deal with Hamizrahi Bank, in collaboration with One1 Software Products and BI sector – SoftCubes. This deal extends Panorama's prominence in the Israeli banking sector. Hamizrahi follows other Israeli banks that are also using Panorama, including Bank Hapoalim, Bank Leumi, First International Bank and Discount Bank. Panorama's BI solution – Panorama 4.0 will be rolled out to hundreds of users in Hamizrahi and integrated with the bank's enterprise computing system.

"Panorama was selected as an additional strategic solution within the applications that Mahish provides Hamizrahi Bank's executives," said Menahem Moscovich, Department Manager in Mahish, Hamizrahi's computing unit. "Panorama was selected due to its strong analytical capabilities, impressive visual presentation and fast response times. It provides our executives the ability to analyze the business activities in their units."

"This deal is another reflection of the tight cooperation between One1 and Panorama," said Sigal Biran, VP Sales, One1. "Panorama provides the technology while the customer receives maximum use of the software across the organization. The marketability of such enterprise wide deals complements our ability to design, implement and incorporate the software in the various organizations through the use of One1 – SoftCubes".

Gil Nizri, Panorama Software's Managing Director  of Israel, Asia Pacific, East Europe and Africa, noted that Panorama 4.0 is being used to manage and analyze branch profitability and replaces a prior solution from Gentia System. According to Nizri, bank branch performance is being monitored and measured using Panorama's KPIs and performance dashboards. "Panorama is now being deployed by 100 percent of all Isareli banks, a phenomenal accomplishment for the company. Our dominant market share in this industry confirms our software solutions are strategic BI tools for the financial sector." 

Panorama's integrated BI solution allows Hamizrahi Bank to quickly and easily analyze data accumulated in their operational databases and turn it into available and usable information for the organization's decision processes.

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.