Corvu Launches Two New Enterprise Business Performance Management Applications.

MINNEAPOLIS--(BUSINESS WIRE)--

Nov. 8, 1999-

New Applications and Portal Strategy Address Global 2000

Companies' Mission Critical Performance Management Challenges

CorVu Corporation announced today the next generation of its Enterprise Business Performance Management Solutions - a new product initiative that solves critical performance management issues. The announcement includes the launch of two new products, CorBusiness(TM) and CorManage(TM). CorBusiness(TM) is designed to address the needs of the data warehousing and business intelligence market and includes end-user query/reporting, OLAP analysis and executive dashboards. CorManage(TM) is designed to satisfy the mission critical demands of the Business Performance Management market. CorManage(TM) combines the CorBusinessTM application with the most comprehensive Balanced Scorecard offering on the market. CorVu's solutions are designed to enable customers to better measure and analyze their information in order to achieve strategic objectives and improve business performance.

CorManage(TM) - The Next Generation of the Balanced Scorecard

CorManage(TM) includes the latest innovation in Balanced Scorecard automation - it uses regression analysis of scorecard results to statistically validate models of organizational strategy. Once a valid strategy has been formulated, users perform `what-if' analysis to identify how performance improvements in one area of the organization impact, either positively or negatively, performance in another area. This knowledge empowers managers to more effectively allocate valuable time and resources to those activities that are most strategic - those that have the most impact on the desired outcome.

"A balanced scorecard application must enable users to monitor metrics or key performance indicators (KPIs) and to drill into the detailed data behind these for analytic purposes," said Philip Russom, director of Data Warehousing and Business Intelligence at Hurwitz Group. "Whereas most balanced scorecard applications fulfill these requirements and stop, CorVu's CorManage(TM) takes a market leadership position by also enabling users to link the strategic planning process directly to tactical measurements. In fact, CorManage(TM) users can even model their business through an intuitive cause-and-effect diagram and apply regression analysis to testing organizational strategies."

"We are very excited to introduce the next generation of Performance Management solutions," said Justin MacIntosh, president of CorVu. "The innovations included in this release allow our customers to execute strategy effectively, achieve organizational alignment and communicate collaboratively, growing knowledge across the enterprise."

Visually Intuitive

Sound decisions require that performance results be easy to read and interpret. CorManage(TM) employs numerous visual aids to ensure this information is communicated in a clear and concise manner. Scorecards are presented in a structured, strategic fashion allowing a `control-tower' view of performance results. Visual performance indicators include:

-- Use of bitmap indicators on scorecard objects to enhance readability and interpretation of performance data

-- Graphical inyles, including customizable wallpaper and backns. We expect to utilize the regression analysis features to perform strategic planning exercises and better link strategy to tactical measurements," said Dennis Peterson, vice president of Corporate Performance Measurement at Lutheran Brotherhood.

Of course, CorManage(TM) includes all of CorVu's previous Balanced Scorecard innovations, including:

-- Collaborative communication environment

-- Cascading of performance scorecards

-- Double-click drilling into performance data analysis

-- Comprehensive measurement models

-- Object-oriented, drag and drop design

CorBusiness(TM) - Information, Intelligence and Insight

CorBusiness(TM) uses CorVu's well-established expertise in data access and analysis to enable flexible, robust Business Intelligence solutions. CorBusiness(TM) provides native access to information in virtually any relational and most multidimensional databases. Powerful analysis options enable users to develop intelligence about their historical performance and gain insight into future opportunities.

CorBusiness(TM) includes all of CorVu's previous business intelligence application strengths, including:

-- Scalable, flexible technology architecture

-- Ease of deployment

-- Variety of analysis styles for all types of users

Each of the new products is available in both two- and three-tiered client/server configurations, as well as via web browsers.

Performance Management Portals

Effective performance management requires that business managers have access to both internal performance data and external market information. For example, executives must keep an eye on their competition and even on legislative activity that may affect their industry. For this reason, CorVu is announcing its plans to provide Performance Management Portals. These will allow users to create information profiles within their browser that automatically retrieve and deliver specific information.

"We recognized the need to provide a single point of access to a great deal of disparate types of information", said Alan Missroon, vice president of marketing at CorVu. "Our portal strategy is the most effective way to integrate this information, without drowning users in a flood of data."

More than just an alternate web interface, CorVu's portal actually automates the implementation and maintenance of enterprise portal sites. Now users will be able to both access ainformation crucial for strategically accurate erformance Management and Balanced Scorecard Solutions. Combining OLAP query and reporting, executive dashboard alerts, forecasting, and Balanced Scorecard applications, ne and Perth; and European offices in London, Munich, Rotterdam, Sheffield and Stockholm. With more than 2100r call [phone].