Panorama Software Closes Strategic Investment Round

Investment Will Finance Product Innovation and Market Expansion

Panorama Software, a leader in business intelligence (BI) solutions for the Microsoft platform, today announced that it has raised an undisclosed sum of funding from JMI Equity, Intel Capital and Platinum Neurone Ventures (PNV). The company will use the investments to continue augmenting product development plans and capitalize on increased demand in the BI sector.

"Panorama's rapid expansion continues as marked by our stellar results," said Rony Ross, Executive Chairman and Founder, Panorama Software. "Our second quarter numbers confirm another positive milestone for Panorama. With the additional funding, Panorama will be able to increase its growth rate and capitalize on the positive market momentum for our software solutions."

Panorama will use the investment to expand its global footprint, accelerate new product developments and additional application initiatives in the analytics, performance measurement, and enterprise reporting space. As a result of the financing, Brad Woloson, a general partner at JMI Equity, will join Panorama's board of directors.

"We are excited by the Company's momentum in the BI market and we firmly support Panorama's vision and its proven ability to execute on that vision," said Brad Woloson, General Partner at JMI Equity.

"Intel Capital is investing in technology companies that help bring to life our vision of tomorrow's digital office," said Prasad Rampalli, chief architect and vice president of Intel's Information Services and Technology Group. "IT departments need tools that help their companies use data more productively. Business intelligence companies, like Panorama, can help companies turn data into actionable information, a corporate asset and competitive advantage."

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 150 partners in 30 countries, and maintains offices throughout North America and EMEA. More information is available at www.panorama.com.

About JMI

JMI is a private equity firm focused exclusively in the software and information and business services industries. JMI was founded in 1992 to invest in privately-held, growing companies seeking capital to expand their business, make acquisitions, accelerate product development, or provide shareholder liquidity. We have invested in 60 companies across the United States and Canada and operate out of offices in San Diego, California and Baltimore, Maryland. For more information about JMI, please visit www.jmiequity.com.

About Intel Capital

Intel Capital, Intel's strategic investment program, focuses on making equity investments and acquisitions to grow the Internet economy in support of Intel's strategic interests. Intel Capital invests in hardware, software and services companies in several market segments, including computing, networking, and wireless communications. For more information, visit www.intel.com/capital.

About Platinum Neurone Ventures (PNV)

PNV is a leading Israeli VC headquartered in Tel-Aviv, Israel with offices in Singapore and Taiwan. PNV invests in early-stage and growth-stage companies in the Communications, Information Technology, Semiconductor and Medical Device sectors. The fund is backed by global investors spearheaded by Bank of America, Keppel T&T, and the SFK Group.