Artemis Consulting North America Reports Record Growth in 1998.

BOULDER, Colo.--(BUSINESS WIRE)--Oct. 27, 1998--

Revenues escalate as companies seek to bring projects under control

Artemis Management Systems, the world's largest independent project management software and consulting company, today announced record growth of the North American consulting division of Artemis Consulting. As a result of increased demand for its Project Management Methodology (pm2) services, Artemis Consulting North America revenues were up 51% during the first half of 1998, compared to the same period last year.

With leading organizations rapidly embracing project management applications and methodologies as a way of improving their competitive advantage, performance and efficiency, the demand for formalized planning and implementation methods, along with process and procedure improvements that are supported by sound project management fundamentals and advanced project management skills, has risen dramatically. As a result, many organizations have turned to Artemis Consulting, to help them leverage formalized processes and procedures to implement, document, measure and repeat project success across their enterprise.

"Development and management of multiple projects with efficient tracking of costs and resources is one of the main business problems faced by most of our clients," commented Alex Barnes, director of consulting. "Using Artemis Consulting's Project Management Methodology (pm2), our consultants use their hands-on experience in a broad range of business environments to help our clients establish processes for measuring and improving their business performance."

The pm2 services combine a series of workshops, training programs, and interactive sessions into a structured methodology that reduces implementation time of project management systems, adds consistency to projects, and establishes metrics for improving performance and decision making.

"On-site consulting was a crucial component to our successful implementation. Our Artemis consultant allowed us to hit the ground running, shortening our overall implementation," commented a senior project manager at Houston Light and Power.

To keep pace with the increasing demand, Artemis Consulting grew its staff by 40% in North America in 1998. "Now with a network of more than 150 consultants worldwide, we offer experience in a broad range of business environments to help our clients streamline their project management practices," said Barnes. "This has helped numerous businesses reduce implementation times and maximize their investments in project management."

According to Steve Alexander, practice manager for Artemis Consulting, "Artemis has always been a market leader in providing critical and timely implementation services surrounding our View products. Aligning our consulting practice with the business requirements of our clients puts Artemis Consulting in a much better position to address the broader implementation issues of leveraging enterprise project management as a core business practice."

About Artemis

Founded in 1976, Artemis is the world's leading supplier of enterprise project management software and consulting. Artemis offers a comprehensive family of enterprise-wide multi-project planning, control, and tracking software solutions to IS and operational organizations across a variety of industries including banking & finance, telecommunications, aerospace & defense, utilities, oil & gas, pharmaceuticals, manufacturing, and engineering & construction. Headquartered in Boulder, Colorado, Artemis operates from an international network of 40 offices in more than 25 countries worldwide. For more information, please visit the Artemis web site at www.artemispm.com