Closedloop's Dynamic Financial Planning and Control Platform Profiled by The Economist.

Business Editors/High-Tech Writers

REDWOOD CITY, Calif.--(BUSINESS WIRE)--March 1, 2002

Leading Weekly Business Newspaper Asks Whether Real Time

Enterprise Applications Such As Closedloop Will Become

the "Next Big Thing"

Closedloop Solutions, a leader in real-time enterprise applications for dynamic financial planning and control, has been described by The Economist as part of a new generation of collaborative technologies being mentioned as the "next big thing," a term used in business circles to describe promising new trends. The advantage of Closedloop's real-time planning platform, the newspaper notes, is "a clearer and more up-to-date view of the future" that gives executives more time to react to changes in their business.

In a copyrighted article, The Economist also observes, "...real time is more real than it appears. The start-ups in this field (real time enterprise applications) are leading the counter-revolution to the dotcom mania... What is more, the current recession will probably speed up the adoption of new real-time products and services. Many of these do not require big investments. Instead, they make existing computer systems more effective, promising a quick return."

"Our real-time financial technologies are delivering faster, more powerful and responsive execution systems that empower executives to make better, faster resource alignment decisions," said Chandran Sankaran, CEO of Closedloop Solutions. "The real time technology wave described by The Economist is not only the enabler but also the driver. Our view is that there is an emerging chasm between the required reach and frequency of financial forecasting and the practices that prevail in so many companies we interact with. Our dynamic enterprise applications deliver value immediately by reducing the friction and delay, and increasing the participation to dramatically improve visibility and control over financial performance."

Closedloop was profiled in the February 2, 2002 edition of The Economist in "Survey: The Real-Time Economy." An article entitled "Planning with a view" highlighted Closedloop's Web-based financial planning software, a product category sometimes used to describe products from software vendors such as Adaytum, Inc., Hyperion Solutions Corporation (Nasdaq:HYSL), Oracle Corporation (Nasdaq:ORCL) and Peoplesoft (Nasdaq:PSFT).

Within The Economist's special coverage, Aberdeen Group IT analyst Katherine Jones comments, "(With Closedloop's real time applications) financial planning becomes a continuous collaborative process, rather than the periodic and mostly top-down exercise that it is today. Moreover, it will not only give chief financial officers a better view of the road ahead, but also allow them to play with scenarios based on current information and make more confident earnings estimates."

The complete copyrighted article from The Economist can be accessed via the following URLs:

http://www.closedloop.com/news/presscoverage.html

http://www.economist.com/displayStory.cfm?Story_id=949117

About Closedloop Solutions

Closedloop Solutions offers a suite of enterprise applications for Dynamic Financial Control. This next generation platform is a new experience in collaborative budgeting, planning and forecasting that dramatically improves the speed, efficiency and managerial relevance of these forward-looking business processes. Closedloop Solutions has been named a "leader" and the "most visionary" by AMR Research and Giga Information Group respectively. Closedloop's enterprise customers include Brio (Nasdaq:BRIO), Finisar (Nasdaq:FNSR), JDS Uniphase (Nasdaq:JDSU), Network Appliance (Nasdaq:NTAP), SGI (NYSE:SGI), Wind River Systems (Nasdaq:WIND) and other leading corporations. Headquartered in Redwood City, California, Closedloop Solutions has additional offices in Austin and Chicago. For more details, visit www.closedloop.com, send email to [e-mail] or telephone [phone].

Note to Editors: Closedloop, Closedloop TopLine Manager, Closedloop SpendCap Manager and Closedloop BizPlan Manager are trademarks of Closedloop Solutions, Inc. The Economist is a trademark of The Economist Newspaper Limited. All other trademarks and company names mentioned are the property of their respective owners.