Changepoint Announces New IT Portfolio Management Capabilities

Enhancements to services automation software enable IT departments to effectively align and manage IT investments

TORONTO--May 20, 2003--Changepoint Corporation, a leading provider of services automation software, today announced it is extending its solution to provide comprehensive portfolio management functionality. Changepoint's new capabilities enable IT departments to achieve a total view of operations to monitor the performance of projects, provide greater cost control and improve operational efficiency. The additions to existing portfolio health monitoring will enable organizations to manage the workflow surrounding the selection of IT investments that best align with corporate objectives and provide the greatest return on investment and impact on corporate performance.

"Portfolio management analysis that supports integration with key project, program, resource and other data is evolving throughout the market currently, to enable greater currency and accuracy of information that underlies portfolio decisions for G2000 users," said Melinda-Carol Ballou, senior research analyst at META Group, Inc., a leading research advisory service based in Stamford, CT. "In dynamically changing business environments, it is important to have access to current, reliable data, to determine the consequences of varying portfolio scenarios and to do effective "what if" analysis."

"Managing IT value is such a critical concern for organizations today that many have been caught-up in the hype of portfolio management without realizing that for those tools to be effective, you first need timely access to accurate data. Through the automation of business processes, Changepoint's integrated solution collects the data and enables managers to drill down to a level of analysis that other vendors simply cannot provide," said Chuck Tatham, VP Marketing and Business Development, Changepoint. "In addition, Changepoint's Employee Performance Management functionality enables IT management to ensure that every employee is aligned with corporate strategy and contributing to IT value."

For more information regarding Changepoint Corporation, the product or pricing information, please contact www.changepoint.com.

About Changepoint

Changepoint Corporation provides global services organizations and corporate IT departments with business process automation software to improve efficiency and provide total visibility into operations, enabling the proactive management of operational and employee performance. Leading services organizations choose Changepoint for its unmatched breadth, depth and integration.

Headquartered in Canada, Changepoint has offices in the United States, United Kingdom and France. For additional information, visit our web site at http://www.changepoint.com/

For more information, please contact:

Subha Chandran/Lawrence Cummer
Environics Communications
713-667-2467/416-920-9000
schandran@environics-usa.com/ lcummer@pr.environics.ca