ANGOSS To Release KnowledgeSERVER -R- For PeopleSoft RTS.

Business Editors

TORONTO--(BUSINESS WIRE)--Aug. 29, 2001

Integrated Analytics for PeopleSoft 8 Empower Enterprises To

Continuously Improve and Increase Value of Customer Interactions

ANGOSS Software (CDNX:ANC.)(www.angoss.com) announced today the planned Q4 2001 availability of KnowledgeSERVER (R) for PeopleSoft RTS, an integrated data mining and real time scoring solution for PeopleSoft's recently announced Customer Behavior Modeling (CBM) offering.

PeopleSoft CBM and KnowledgeSERVER for PeopleSoft RTS will provide users with a predictive behavior modeling solution critical to developing successful customer relationships.

Significant user benefits realizable by PeopleSoft clients deploying PeopleSoft CBM include:

      -- Higher value-creation and optimization across customer,
supplier and partner interactions based on advanced segmentation,
analysis and reporting tools working at segment, household and
individual levels.
      -- Substantially reduced costs associated with the entire
lifecycle of data mining analysis, model creation, model deployment
and model refreshing.
      -- Increased marketing effectiveness and accelerated customer
acquisition rates, at reduced marketing costs per campaign and per
prospect.
      -- Accelerated revenue growth and share of wallet through the
creation and execution of more sophisticated product and service
offerings and sales strategies targeted to customers and prospects at
segment, household and individual levels.
      -- Reduced costs of product and service delivery through the
creation of more effective interaction channel management strategies
tailored to the unique preferences, profiles and behaviors of their
customers, suppliers and partners.
      -- More effective management of enterprise risk, through the early
detection and proactive management of higher risk and unprofitable
business segments and clients.

"We are excited about the vision behind PeopleSoft CBM," commented ANGOSS President Eric Apps. "By delivering clients a powerful, proven and robust analytics platform, using open industry standards and Internet technologies, PeopleSoft CBM is helping redefine the advanced analytics solutions marketplace. We look forward to working with PeopleSoft to deliver this value to its clients."

According to Stan Swete, senior vice president and general manager, PeopleSoft CRM, "Our alliance partnership with ANGOSS represents PeopleSoft's approach to providing open system solutions for clients. The combination of PeopleSoft's pure internet CRM analytics and Angoss' KnowledgeSERVER for PeopleSoft RTS solution will provide clients with an integrated best-of-breed data mining solution for predictive behavior modeling."

Showcased this week at the annual PeopleSoft user conference, PeopleSoft Connect 2001, PeopleSoft CBM is currently planned for availability in Q4 2001 as part of PeopleSoft's Enterprise Performance Management (EPM) 8.3 release. PeopleSoft CBM uses enterprise-wide customer data integrated with behavioral metrics and demographic information from third-party providers to provide a true "360 degree" profile of customers. You can define and select populations of customers, build predictive models and "score" customers based on relevant criteria. The predictive models can be saved and applied across the enterprise to drive more successful marketing, sales, and customer service initiatives.

ANGOSS' KnowledgeSERVER for PeopleSoft RTS, delivered on schedule and on budget, provides tightly integrated data mining, modeling and real time scoring services for users of PeopleSoft CBM. The ANGOSS offering incorporates KnowledgeSTUDIO(R), KnowledgeExplorer(R) and KnowledgeSERVER(R), ANGOSS data mining software solutions currently being used by leading Fortune 500 organizations across banking, insurance, telecommunications, pharmaceuticals, retailing, manufacturing and technology sectors to make "Better business decisions. Every Day."(TM)

      For further information on PeopleSoft CBM please go to:

http://www.peoplesoft.com/en/us/products/applications/bi/cra/
product_content.html

For further information on KnowledgeSERVER for PeopleSoft, please forward your request to [e-mail] and enter "PeopleSoft CBM" in the subject field.

About ANGOSS Software

ANGOSS Software Corporation, headquartered in Toronto, Canada, develops and delivers industry leading data mining solutions to customers and technology partners "at the intersection of the Warehouse and the Web." ANGOSS data mining solutions include:

      -- KnowledgeSEEKER(R), KnowledgeSTUDIO(R) and KnowledgeSERVER(R)
used by analysts in leading Global 2500 organizations across the
financial services, retail, telecom, pharma / healthcare and advanced
manufacturing sectors to "Make better business decision. Every day."
      -- KnowledgeExcelerator(R) and KnowledgeAccess(R), data mining
add-ins for Excel and Access, the popular spreadsheet and database
applications of Microsoft (R) Corporation.
      -- The ANGOSS Data Mining SDK for SQL Server 2000 and
KnowledgeSTUDIO SDK, software development kits leveraging Microsoft
developer tools, standards and technologies that empower corporate and
commercial software developers to deliver "enterprise intelligence for
the digital economy".
      -- KnowledgeSERVER for Siebel, the ANGOSS data mining backplane
for the Siebel e-Business application suite.
      -- KnowledgeSERVER for PeopleSoft RTS, the ANGOSS data mining
solution for PeopleSoft.
      -- KnowledgeWebMiner(TM), the ANGOSS ASP data mining solution for
website analytics.

Note to editors: If you are interested in viewing additional information on ANGOSS, please go to www.angoss.com.

About PeopleSoft

PeopleSoft Inc. is a world leader in providing eBusiness applications that enable people - customers, suppliers, and employees - to power the internet. PeopleSoft's pure internet Customer Relationship Management, Supply Chain Management, and Enterprise management solutions provide the industry's most open and flexible e-commerce platform. PeopleSoft employs more than 8,000 people worldwide, including 2,400 eBusiness consultants. More than 4,700 organizations in 107 countries run on PeopleSoft eBusiness applications. For more information, visit us at www.peoplesoft.com.

All company and product names may be trademarks or registered trademarks of their respective owners.

This press release may contain forward-looking statements relating to the future performance of ANGOSS Software Corporation. Forward-looking statements, specifically those concerning future performance and the achievement of operating profitability are subject to certain risks and uncertainties, and actual results may differ materially. These risks and uncertainties include the risk of possible customer disappointment or dissatisfaction with ANGOSS Software products, and any resulting failure to expand the user base as anticipated by the Company; operational and financial risks associated with growth; market acceptance of the Company's products and services; technical uncertainties related to releases of new or modified products and adapting products to specific customer requirements; risks involving management of growth; competition and the introduction of new entrants and/or new products in the Company's markets; product development risks and risks of technological change; the risk of unanticipated expenses or asset reevaluations; and other risks and uncertainties all as described in the disclosure documents filed with securities regulatory authorities in accordance with applicable securities laws.

Note: The Canadian Venture Exchange has neither approved nor disapproved the above information.