RulesPower Founder Forms New Venture to Provide Repeatable Applications on Top of RulesPower Platform.

BURLINGTON, Mass. -- LogicManager, Inc to Embed and Resell RulesPower Rules-Driven BPM Technology in Packaged Software Product; Move Validates Success of RulesPower

RulesPower Inc., the leading provider of rules-driven Business Process Management (BPM) software, today announced the formation of a new venture by RulesPower founder, Steven Minsky. The new company, LogicManager, Inc., will be a leading provider of repeatable business logic model-driven software applications. LogicManager will deliver these solutions to customers through a packaged software product that embeds the RulesPower rules-driven Business Process Management Suite. As part of this move, Minsky will remain on RulesPower's board of advisors.

The formation of LogicManager is a validation of the success of RulesPower's innovative technology. RulesPower allows business analysts to create a business logic layer by modeling, analyzing and validating the tasks, policies and decisions that drive business, during the early stages of process design.

"The RulesPower management team and board of directors are fully supportive of Steve and the incorporation of LogicManager," said Lou Volpe, RulesPower Chairman of the Board. "Steve founded RulesPower with an incredible vision to build and sell technology that changes the way companies automate complex processes by creating a business logic layer. He has successfully realized this vision and brought RulesPower to a point where it is succeeding in this market. LogicManager will greatly expand RulesPower's business into important new market segments through a new distribution channel. We look forward to continuing to work with him and his new venture."

"A recent Delphi Research Group survey revealed that 70 percent of corporations have difficulty capturing and documenting their business requirements, while 80 percent have difficulty managing the complex relationships between policies, procedures and manual activities across people, systems and data," said Steve Minsky, LogicManager CEO. "What this means is that there is a gap between business strategy and business execution. The business logic layer enabled by RulesPower provides a strong foundation to close this gap. LogicManager will further reduce the time, stress and cost of transforming business requirements into optimized and automated solutions. This will enable corporations to accelerate adoption of best practices and focus more on their competitive advantage."

In November through December 2004, Delphi Research Group conducted a survey to substantiate numerous anecdotal stories that have been reported about companies incurring significant financial losses specifically because of misinterpreted business rules in software applications. The survey garnered over 250 responses from C-level business executives. A full report on this survey can be found at http://www.logicmanager.com/delphireport.

About RulesPower:

RulesPower rules-driven Business Process Management (BPM) software helps organizations improve their agility and productivity by first defining, analyzing and validating their business processes, and then automating and optimizing these processes. The RulesPower system reduces process times significantly by automating routine human decision-making, interactions with systems and collaboration with colleagues. RulesPower provides a common framework for business and IT to define and develop business systems, and allow operations managers to easily adapt their systems to changing business needs. RulesPower is based in Burlington, MA. For additional company information, visit www.rulespower.com