Changepoint Named Finalist For 2004 Network Computing Well-Connected Award

Changepoint’s IT Portfolio Management selected based on the software’s depth of automation for managing the business of IT

TORONTO-- April 21, 2004--Changepoint Corporation, a leading provider of business process automation software for global services organizations and corporate IT departments, today announced that Changepoint has been named a finalist by CMP Media LLC's Network Computing for a 2004 Well-Connected Award in the category of IT Portfolio Management Solutions. The product was chosen for its unique collaboration features, which include a customer's clients throughout the portfolio planning and ongoing management processes, approach and consideration of intangible benefits in evaluating the value of IT investments, high level of automation around portfolio management and process for encouraging process compliance and software adoption.

"Successful IT portfolio management requires real-time access to accurate, business-critical data, and Changepoint provides the greatest breadth and depth for the automation of core business processes surrounding clients, r esources, projects, budgets, processes, system maintenance and request driven work ," said Gerry Smith, president and CEO of Changepoint. "By recognizing Changepoint Version 8.01, Network Computing acknowledges the efforts we have made to respond to the growing need for IT governance solutions. It is truly an honor to be singled out as a finalist for this award by Network Computing and its panel of technology editors, as we know that our customers appreciate the value of their opinion and their high standards of excellence."

Changepoint provides holistic IT management that enables organizations to govern IT to maximize the business value of the entire IT portfolio. Organizations are able to not only select and prioritize the investments in projects and systems that best support business priorities, but also ensure that the IT portfolio remains aligned as business conditions and market requirements change. Changepoint feeds its portfolio management planning and health monitoring functionality with data gathered through the automation of the core business processes of IT surrounding resources, financials, projects, processes, system maintenance and request driven work. Through this automation, IT departments improve operational efficiency and achieve unprecedented visibility into the distribution of effort and cost, enabling proactive performance and portfolio management.

On March 31, 2004 Changepoint shipped its latest release, version 9.0, which further extends Changepoint's Portfolio Management functionality through the inclusion of systems in IT portfolio planning and analysis processes, enhancements to risk assessment, automated scoring models and resource demand analysts in portfolio planning and a new reporting tool enabling real-time business activity monitoring and a single integrated view of performance leveraging information from both the Changepoint system and other business critical applications.

"Network Computing has acknowledged the best and brightest in the networking and IT worlds for 10 years through its annual Well-Connected Awards," says Mike Lee, editor of Network Computing magazine. "The awards are determined as a result of product testing in the Real-World Labs of Network Computing, located throughout the United States. More than 130 finalists in more than 40 categories have been named. The winners will be announced in the coming weeks."

About Network Computing

For IT, By IT, Network Computing (www.networkcomputing.com), published by CMP Media LLC, Manhasset, N.Y., is dedicated to providing critical analysis of technologies, vendors and products to 220,000 IT Managers and Staff who are accountable for strategic technology purchase decisions. In 2003, Network Computing won a total of four awards from the American Society of Business Publications Editors (ASBPE), including a national award in the Best Technical Article category.

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 www.changepoint.com

For more information, please contact:

Media & Analyst Inquiries Rebecca Chamberlain/Lawrence Cummer Environics Communications 203-325-8772, ext. 23 / 416-969-2747 rchamberlain@environics-usa.com/lcummer@pr.environics.ca