AccuRev Sales Rise More Than 70 Percent in 2004; Software Configuration Management Leader Reports Record Sales in Q4, Increases Enterprise Customer Base.

LEXINGTON, Mass. -- AccuRev(R), Inc., developer of the first breakthrough in software configuration management (SCM) in over 20 years, today announced that sales rose more than 70 percent in 2004, with the company achieving record sales in the fourth quarter.

In addition to sales growth in 2004, AccuRev expanded its development, support, sales, marketing and business development teams; launched AccuRev 3.5; won the coveted Jolt Award from Software Development Magazine; and completed more than a dozen new strategic, enterprise customer engagements. AccuRev added a record number of new customers in 2004 across the computer software, telecommunications, aviation, gas and oil, and financial services industries.

AccuRev saw an increase in its enterprise customer base in the fourth quarter of 2004, with the addition of leading companies in the financial services industry. These new customer wins reinforce AccuRev's enterprise-class scalability and support for large and distributed development teams involved in complex, parallel development projects. AccuRev was, once again, nominated for the prestigious Jolt Product Excellence and Productivity Award from Software Development Magazine.

AccuRev's business growth is leading to expansion, with the company planning to double in size, hiring in all departments. AccuRev is planning significant product developments in 2005, including two major enhancements to its flagship SCM product.

"AccuRev's successes over the past year validate the industry's need for the breakthrough in software configuration management we have pioneered," said Cliff Utstein, AccuRev's vice president of marketing and business development. "As we look ahead to 2005, AccuRev will build on this success with new products and services that will enable us to better meet the needs of large enterprises. AccuRev is committed to leading the way in providing engineering teams with the flexibility and built-in best practices they need to succeed in delivering quality software while lowering administrative overhead."

AccuRev added a record number of new customers in 2004 across the computer software, telecommunications, aviation, gas and oil and financial services industries. AccuRev's work with Xantrex Technology -- world leader in the development, manufacturing and marketing of advanced power electronic products and systems for the distributed, mobile and programmable power markets -- reinforced the advantages AccuRev's stream-based approach offers in support of complex, parallel development processes.

"AccuRev's stream based architecture is uniquely meeting the demands of our complex, parallel development environment," said Xantrex Technology's John Bellini, "AccuRev allows our teams to work more efficiently -- in even the most challenging situations."

About AccuRev, Inc.

AccuRev introduced the first breakthrough in software configuration management (SCM) in over 20 years, providing the flexibility and built-in best practices that developers need to manage today's complex, parallel and distributed software development projects. AccuRev's award-winning, stream-based architecture uniquely overcomes the inadequacies of file-based branch and label tools by providing dynamic visualization control of the development hierarchy via a highly intuitive user interface. Global enterprises including American Airlines, Construx Software, Sony Computer Entertainment and Sun Microsystems are using AccuRev to increase developer productivity and reduce administrative costs. AccuRev, Inc. is headquartered in Lexington, Massachusetts and is privately held. For more information, visit www.accurev.com.

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