Passport Technology Improves Collaboration and Portfolio Merging

Framingham, MA – February 15, 2005 – ITCentrix today announced improved Passport technology for enhanced Precision IQ™ collaboration. Precision IQ™ is the world’s most powerful project analytics software used by Global 2000 organizations to improve decision-making, governance and leadership.

Precision IQ™ Passport technology allows groups of Precision IQ™ users to collaborate on initiatives and increase buy-in to project objectives and performance expectations. This enhanced capability provides the following features and benefits to Precision IQ™ users:

Precision IQ™ is unlike any software on the marketplace. Rather than store static data points about initiatives, Precision IQ™ has the ability to capture organizational “images” which reflect an enterprise’s performance profile. Project metrics captured in Precision IQ™ use proprietary mathematic algorithms to generate a model of entire enterprise allowing users to visualize (dynamically) the effects project investments have on corporate performance.

Commenting on the announcement, Edward Gershenson, Vice President of Product Development said, “Our passport technology allows users to share stored images and model investment scenarios in virtually any combination. The power of this capability is substantial and takes collaboration to new dimensions. No longer is collaboration simply about information access to a centralized repository of static data points, rather it becomes a fundamental sharing of dynamic corporate scenarios. These stored images have intelligence about the relationship between investment choices and corporate performance results and can be adjusted on the fly, to provide real time feedback to executives and managers.”

Passport technology for Precision IQ™ is available immediately as a seamless upgrade to existing Precision IQ™ users and is embedded in all new releases of Precision IQ™.

About Precision IQ™
Precision IQ™ software delivers project analytics to executives and managers. The software enables companies to reclaim lost revenue, missed cost savings opportunities and cost overruns by providing enterprise portfolio visibility and injecting greater discipline into the planning, governance and management process. Precision IQ™ enables managers to easily keep plans up to date and dynamically reflect changes in project cost, benefit or even market conditions on a project’s outlook.

About ITCentrix
ITCentrix is a privately held software company founded in 1999 by leading business and technology professionals. The company develops business decision management software designed to increase company performance through improved resource allocation and management.

The company's software products are used at several hundred organizations in North America, Europe, the Asia/Pacific region and other emerging countries to focus investments on returning optimal business value.