Norwalk, CT, May 7th, 2007

Cartesis, the world’s leading specialist in finance and performance management software, today announced the release of Cartesis 10 Release 2, the latest version of its performance management suite, with brand new modules including Cartesis Governance and Cartesis Workforce Planning together with functionality and performance enhancements across the entire suite.  As a result, Cartesis 10 now offers the most comprehensive, powerful and trustworthy means to achieve faster and more sustainable financial reporting and compliance.

"It makes sense for the Financial GRC and Performance Management markets to converge.  Cartesis is taking early steps with the development of new Finance GRC capabilities as part of Cartesis 10 Release 2." says Kathleen Wilhide, research director, GRC and Performance Management solutions at IDC. "With Finance GRC, Cartesis has recognized the integration points of financial consolidation and reporting with compliance and internal controls management, which should yield reliability, efficiency and ultimately cost benefits."

Highlights of the new Cartesis 10 Release 2 include:

• Cartesis Governance – the only Financial Governance, Risk and Compliance solution unified with a performance management suite – offers a single framework for all risk and control processes and dramatically reduces the effort and cost associated with financial compliance. 
• Cartesis Workforce Planning provides complete salary, tax and benefits expense calculations, allows organizations to plan detailed expenses for employees, and illustrates how incremental changes to staffing and associated costs affect an organization’s bottom line.
• Cartesis Finance continues to enhance performance for a faster close with new functionality including incremental consolidation, audit and compliance features, workflow, package change logs, security, and password management.

“We already trust Cartesis to support our finance and performance management processes and as a result we are particularly excited by the latest release of Cartesis 10,” said Ray Nicholson, Consolidation Systems Manager at Cargill, a US-based international provider of food, agricultural and risk management products whose revenues exceed $75 billion. “We anticipate that the new features of Cartesis Finance will drive greater efficiencies into our financial reporting process and that with the introduction of Cartesis Governance, Cartesis will be able help companies like Cargill achieve even more sustainable and lower cost financial compliance.”

Cartesis 10 Release 2 is being unveiled in May at the Cartesis user conference, Connect 2007 North America  (http://www.cartesisconnect.com), and will be available in June 2007.