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Panorama Software Strengthens Eastern European Business Intelligence Market Presence

Leading BI Company Partners with Spiral Solutions to Increase BI Service Portfolio in SAP Community

TORONTO, Ontario - October 2, 2007 – Panorama Software, a global leader in Proactive Business Intelligence (PBI) solutions, today announced it has entered into a new channel partnership agreement with Spiral Solutions, a global provider of end-to-end IT services and solutions.  Together, the companies will offer Eastern Europe’s business community PBI software and expertise, particularly in Bulgaria, Germany and Israel.

“Spiral Solutions is recognized in Eastern Europe as specializing in the provision of results-driven programs for business-to-consumer (B2C) clients,” said Gil Nizri, Managing Director EMEA and APAC, Panorama Software.  “This strategic partnership will enable Spiral Solutions to offer businesses in Eastern Europe an end-to-end PBI solution while enabling Panorama to increase its PBI footprint in that specific market.”

By effectively utilizing its network, Spiral Solutions provides businesses localization in terms of sales, professional services, training, maintenance and support of Panorama’s flagship BI solution, Panorama NovaView®. Panorama Software will then use the offshore and outsourcing services of Spiral to support international BI awareness and customer growth initiatives.

Lee Ho, Vice President Strategic Alliances, of Panorama Software, discussed the Company’s growth strategy.  “Panorama Software is taking direct action to ignite and accelerate growth by asserting the unique value of Proactive Business Intelligence.  We are establishing our PBI position in new and untapped markets—such as Eastern Europe—while building our product and technology leadership, and investing in channel partnerships to increase customer sales, service and support.  All of these actions will enable Panorama to optimize our strategy of growing over 50 percent year-over-year.”

The partnership between Panorama Software and Spiral Solutions is tailored to significantly increase the PBI service portfolio within Eastern Europe’s SAP community.  Panorama NovaView® for SAP NetWeaver BI offers enterprises a complete and integrated web-based BI solution including analysis, reporting, dashboards, scorecards, modeling and visualization.  Panorama NovaView connects directly to SAP NetWeaver BI, eliminating the need for data or metadata extraction.  With Panorama NovaView, business users can access SAP NetWeaver BI InfoCubes, Queries, and Operational Data Stores to build reports, conduct analysis and monitor performance.

“Spiral Solutions is looking to advance its position in the BI sphere regionally and internationally, and partnering with Panorama Software will help us achieve that,” said Schlomi Waizel, Managing Director, Spiral Solutions Inc.  “Panorama’s SAP solutions are revolutionizing the way SAP customers can interact with NetWeaver BI while also dramatically enhancing platform performance without requiring data or metadata extractions.  As a result, Panorama provides, what we believe, the best PBI tools in the industry and together we will focus on extending innovative solutions throughout Eastern Europe.”

Panorama NovaView®, a complete and fully integrated proactive BI solution, is now generally available to the Eastern European business community and vertical markets, including telecommunications, financial services, insurance and government sectors.

“Panorama Software continues to set the standard in business intelligence around the globe,” said Nizri.  “Our continued penetration into Eastern Europe is a reflection of the positive customer response to our world-class, proven products in query, reporting and analysis, performance management and data integration.”

About Panorama Software

Panorama Software empowers global organizations with the ability to rapidly identify trends, maximize business opportunities and improve corporate performance and results through enterprise business intelligence and Proactive Business Management solutions.  Panorama® NovaView™, the company’s flagship solution, amplifies the impact of the information worker through a tightly integrated and complete suite of analysis, reporting, scorecard, dashboard and data modeling applications that support the two leading Business Intelligence platforms, SAP (NYSE: SAP) and Microsoft (NASDAQ: MSFT).   Through Panorama NovaView, end users are empowered to freely explore their data using scalable and intuitive applications.

Founded in 1993, Panorama is a leading innovator in Online Analytical Processing (OLAP) and Multidimensional Expressions (MDX). Panorama sold its OLAP technology to Microsoft Corporation in 1996, which was rebranded as SQL Server Analysis Services and integrated into the SQL Server platform.  Panorama supports over 1,000 customers worldwide in industries such as financial services, manufacturing, retail, healthcare, telecommunications and life sciences.  Panorama has a wide eco-system of partners in 30 countries, and maintains offices throughout North America, EMEA and Asia. More information is available at www.panorama.com

*All cited names and/or trademarks are the property of their respective owners.

About Spiral Solutions Ltd.

Spiral Solutions Ltd. is a global provider of end-to-end IT services and solutions designed for companies from different industries aiming to achieve high competitiveness, efficiency and profitable business performance.  Spiral Solutions provides a broad portfolio of business and technology solutions to its corporative partners and clients worldwide that successfully address their diverse requirements, including, but not limited to, business analysis, consultation, product research, custom programming, systems integration, and product installation and implementation. Spiral Solutions is based in Bulgaria with business operations in Australia, Israel, France and Germany.  For more information, please visit www.spiralsps.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.