Cartesis Announces Year End Results.

Business Editors

STAMFORD, Conn.--(BUSINESS WIRE)--Sept. 8, 2000

Cartesis, Inc., a leading provider of financial management applications, announced the successful close of its first year of operation in North America. Cartesis, Inc., a subsidiary of the privately held French company Cartesis, S.A., secured more than ten new clients in the North American territory for its fiscal year 2000, exceeding its goals for this new territory. According to Frederic Duminil, President, Cartesis, Inc., "Strategic Financial Management is exactly what the financial analytic applications market is in need of at this time. Our application brings together all the necessary elements for financial reporting, budgeting, and forecasting in one solution, replacing first 1generation products with a much more technologically sophisticated and flexible application. This technology, in addition to a successful partner channel and the support of major analysts, has helped us to have phenomenal growth this past year and put us on track for another year of accelerated growth."

Heading the Sales organization, Bob Fitzgerald, Vice President - Sales & Marketing, spoke about the inroads made into the analytic applications market in North America. "We are thrilled with the success of Cartesis in North America during its first full year of operation," states Mr. Fitzgerald. "The addition of such marquee, cross industry clients such as: Chiquita Brands International, Inc., Rayovac, Remington Products Company, RSL Communications, Ltd., and Samson Investment Company, confirms our software and service value proposition. Further confirming the Cartesis commitment to quality products, services, clients and partners, was the acquisition of our company by PricewaterhouseCoopers, LLP, the largest services company in the world. We look forward to continued growth, maintaining our position as the industry leader in client retention and satisfaction and the release of innovative products to deliver Strategic Financial Management during the coming year."

Cartesis has hit the ground running in North America. Thanks in part to its established base in Europe and its superior technology, Cartesis has been able to make a significant impact on the business analytics space. This spring, it was rated No.1 in functionality by the OLAP Report, which provides detailed and unbiased information on the OLAP market and products. It also held its first user conference in Orlando, Florida, May 21-24, 2000, bringing together its partners, clients, and prospects to learn more about the company and its products. The user conference was an overwhelming success, helping to close deals and contribute to this year's success. Cartesis is looking forward to another successful year in North America as the business analytics market continues its dramatic growth.

About Cartesis

Cartesis is a leading provider of world-class strategic financial software. Cartesis provides one complete solution for planning, budgeting, management reporting, statutory reporting and tax reporting. This solution, which the company has named "Strategic Financial Management", gives CFOs control of their business information for strategic decision making and planning. Cartesis' multi-dimensional architecture is based upon an integrated data model, which resides on all commercially accepted databases, including Oracle, MS SQL Server, and Sybase. Its power and flexibility allows it to grow and transform with changing business needs.

Cartesis was formed in 1990 in France and has been operating in Europe for the past decade. The company provides financial management applications for over 600 clients globally, including 25% of Europe's Top 100. Cartesis continues to grow at 50% per annum with current growth fueled by its expansion into the U.S. market. The company has over 50 employees in the States and 500+ worldwide. More information about the company can be found on the Cartesis Web site www.cartesis.com.