CorasWorks(R) Releases Packaged Enterprise Program Management Application on Microsoft(R) SharePoint(R).

CorasWorks Launches rPrograms, First Application in CorasWorks New rApplications[TM] Product Line

RESTON, Va. -- CorasWorks Corporation, the leading worldwide provider of workplace application software on the Microsoft SharePoint collaboration platform, today announced the release of CorasWorks rPrograms[TM]. CorasWorks rPrograms is the first in a new line of packaged enterprise applications by CorasWorks. It offers organizations a fully supported and robust packaged application for enterprise-wide program management on the Microsoft SharePoint collaboration platform with a much lower total cost of ownership than siloed, point solutions or custom developed applications.

CorasWorks' new rPrograms application helps organizations better manage cross-organizational programs and initiatives, and the projects that make up those programs. It is so easy to install, configure, and use that most organizations will be productive in a matter of days, at a fraction of the cost of other packaged program management applications. Since rPrograms leverages the collaborative capabilities of Microsoft SharePoint, on both v2 (2003) and v3 (MOSS 2007), any user can centrally manage their programs, while providing business units and project contributors with the flexibility to work the way they think is best.

Some of the immediate business benefits offered by CorasWorks' rPrograms application include:

* Improved efficiency of core program management activities, including program/project initiation, monitoring, decision-making, review, and reporting

* Enhanced program performance, allowing managers to quickly and easily locate, assess, and act upon relevant program information and data

* Increased accountability, providing continuous, real-time visibility into all program activities.

* Reduced program risk, providing real-time access to program and project data.

Some of the unique capabilities of rPrograms include:

* The control of centralized program management, while also providing the flexibility for teams to organize and perform work in a way that best meets their specific needs.

* The ability to overlay their program management application on top of an existing enterprise-wide SharePoint environment with distributed project sites.

* Integration of "remote" project work from other SharePoint environments within your organization or from other organizations without costly development or systems integration.

"For years, CorasWorks products have made it easier and more cost effective for organizations to build and interconnect business solutions on the SharePoint platform," said William Rogers, CEO of CorasWorks. "Given the application backlog facing our customers today, the logical next step for us is to leverage our expertise and offer robust and ready to use packaged applications. With rPrograms, organizations can deploy an enterprise-wide program management application that quickly delivers increased business value."

CorasWorks rPrograms is the first of several packaged applications to be released in the next year as part of the rApplications[TM] product line. Each rApplication leverages the core modular application software of the CorasWorks Workplace Suite[TM], but will be sold separately. Much like the Workplace Suite, each rApplication is modular in architecture, will easily interconnect with solutions already present within an organization's SharePoint environment and will also easily integrate with other rApplications. rApplications will drastically reduce customers' application development costs and their need to invest in costly, siloed point solutions.

CorasWorks rPrograms is available today on Microsoft SharePoint v2 (2003). It is priced at $15,000 (USD) per enterprise server farm. Each server requires the CorasWorks Workplace Suite and Microsoft Windows SharePoint Services. rPrograms for SharePoint v3 (MOSS 2007) will be available in January 2007.

Visit the CorasWorks Showroom to learn more about rPrograms. For details on purchasing rPrograms, please contact [e-mail] or 1-866-580-3115 (toll free) or 1-703-797-1881 (for local or international).

About CorasWorks

CorasWorks[R] Corporation is the leading worldwide provider of workplace application software on the Microsoft[R] SharePoint[R] collaboration platform. CorasWorks products are being used every day by more than 700 customers and 500,000 deployed users. Enterprise, corporate, non-profit, and government organizations in more than 20 countries around the world use CorasWorks software to build powerful and flexible integrated business workplaces, without custom development. The CorasWorks Partner Program now has more than 70 partners certified to assist customers in implementing, designing, and building their workplaces on SharePoint. For more information, visit www.corasworks.net.