Steelwedge Software Gains Momentum as Demand for Sales Forecasting Solutions and Sales & Operations Planning Increases
New Customers and Alliances Demonstrate Acceleration

PLEASANTON, CA (September 26, 2005) -- Steelwedge Software, the leader in Enterprise Planning and Performance Management (EPPM) solutions, today announced that it has recently signed several new customers for both its licensed software and On Demand solutions, and has entered into strategic partnerships with two multi-national consulting organizations.
 
"Steelwedge offers breakthrough technology that overcomes the sales forecasting challenges created by the growth of disparate, departmental data sources and the lack of formal planning processes," said Dr. Tom Mentzer, Bruce Chair of Excellence, Department of Marketing and Logistics, University of Tennessee. "The collaborative planning model implemented by Steelwedge solves these evolving challenges for the first time through its graceful and highly effective solution."

Manufacturing companies require statistical projections of historical demand patterns and market intelligence to create accurate sales forecasts. However, incorporation of sales opportunities into forecasts has been imprecise and manual due to varying levels of forecast details, different units of measure, bias of individual sales people in reporting probability of closing deals, and different CRM systems. Further, sales executives need to monitor and analyze changes to sales funnels daily and weekly in order to ensure accurate forecasts. Typical SFA/CRM systems do not provide such analysis.

The Steelwedge Sales Forecasting and Planning solution bridges the gap between sales pipeline opportunities and demand planning processes, incorporating market intelligence into the consensus demand forecasting and planning process. In addition, it allows sales management to forecast better by providing a detailed historical waterfall analysis of the sales funnel.

New companies that have recently selected Steelwedge Software Sales Forecasting solutions include:

• Air Products and Chemicals, Inc. (NYSE:APD - News), a $7.4B, world-wide supplier of global gases and specialty chemicals for high growth markets including technology, performance materials, energy, and healthcare;
• Ciena Corporation, the network specialist, focused on expanding the possibilities for its customers' networks while reducing their cost of ownership;
• Harley-Davidson Motor Company the market leader in heavyweight motorcycles;
• Inovys Corporation, the leader in structural test systems for advanced System On Chip (SOC) devices;
• QLogic® Corporation (NasdaqNM:QLGC - News), the leading supplier of Fibre Channel host bus adapters, blade server switches and stackable switches.

Steelwedge solutions, available either on demand or on premise, help these companies leverage their enterprise infrastructure to improve forecasting, sales planning, demand planning, new product planning, revenue and margin planning and sales and operations planning (S&OP). Steelwedge Software does what spreadsheets and enterprise systems cannot, enabling business planning for the demand-driven enterprise.

Additionally, Steelwedge has established alliances with Hitachi Consulting to offer Sales and Operations Planning (S&OP) solutions to help companies reduce complexity, create value and improve bottom line results, and with ICON Solutions, GMBH, a European Supply Chain Management (SCM) software company, that will distribute Steelwedge EPPM to its customers.

"ERP systems have failed to provide comprehensive solutions for enterprise planning and performance management," said Steelwedge CEO Timothy Campbell. "Many SAP and Oracle ERP customers are currently evaluating, implementing or using Steelwedge sales forecasting, demand planning, revenue & margin planning, sales & operations planning and supply planning capabilities."

About Steelwedge Software

Steelwedge Software, Inc., is the leading innovator in the emerging field of Enterprise Planning and Performance Management (EPPM), helping manufacturing companies create, validate and synchronize functional plans, actively align them with business and financial targets, and gain executive visibility and control over enterprise performance. Founded in 2000, Steelwedge Software is privately held and located in Pleasanton, California. For more information, please visit www.steelwedge.com.

Steelwedge and all Steelwedge product names are trademarks or registered trademarks of Steelwedge Software, Inc. All other company and product names are trademarks of their respective holders.

Contact:

     Janine Kromhout
     Kickstart Consulting
     650-269-1417