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Dun And Bradstreet Selects Panorama Software To Help Their Customers Better Manage Risks

TEL AVIV, ISRAEL and TORONTO, ON – November 1, 2006 – Panorama Software, a global leader in business intelligence (BI) solutions, today announced that Dun and Bradstreet (D&B) Israel, a leading business information company that is part of the D&B worldwide network, has selected Panorama NovaView 5™ as its business intelligence solution for risk analysis and management.

Panorama’s flagship product, NovaView 5, will be integrated into 4D, a new advanced business information management system developed by D&B Israel, to provide D&B’s customers enhanced capabilities to analyze risk and manage their client’s portfolio information.

One of the new applications launched is a risk management system, Risk Control Manager, which was developed in collaboration with Panorama Software. The Risk Control Manager system is based on NovaView 5, which enables detailed analysis and intelligent segmentation, as well as strict control and constant monitoring of deviations and changes of a client’s portfolio to provide a comprehensive picture of a client’s situation, enabling CFOs and finance professionals to make better and informed decisions.

“The Risk Control Manager is a step up for Dun and Bradstreet's existing risk management system,” said Reuven Kuvent, CEO of Dun and Bradstreet Israel. “The collaboration with Panorama allows a significantly larger scope of information to be provided and improves the ability to analyze the client portfolio.”

“We are proud that Dun and Bradstreet has chosen Panorama,” said Gil Nizri, Managing Director, EMEA and Asia Pacific, Panorama Software. “Panorama has a proven track record of providing unquestionable service, and we are excited to be working with Dun and Bradstreet Israel on this solution that will help their customers to better control risks through advanced capabilities.”

About Panorama Software
Panorama Software empowers global organizations with the ability to rapidly identify trends, maximize business opportunities and improve corporate performance and results through enterprise business intelligence and Proactive Business Management solutions.  Panorama® NovaView™, the company’s flagship solution, amplifies the impact of the information worker through a tightly integrated and complete suite of analysis, reporting, scorecard, dashboard and data modeling applications that support the two leading Business Intelligence platforms, SAP (NYSE: SAP) and Microsoft (NASDAQ: MSFT).   Panorama NovaView allows end users to freely explore their data using scalable and intuitive applications.

Founded in 1993, Panorama is a leading innovator in Online Analytical Processing (OLAP) and Multidimensional Expressions (MDX). Panorama sold its OLAP technology to Microsoft Corporation in 1996, which was rebranded as SQL Server Analysis Services and integrated into the SQL Server platform.  Panorama supports over 1,000 customers worldwide in industries such as financial services, manufacturing, retail, healthcare, telecommunications and life sciences.  Panorama has a wide eco-system of partners in 30 countries, and maintains offices throughout North America, EMEA and Asia. More information is available at www.panorama.com.

Panorama NovaView® and the Panorama logo are trademarks or registered trademarks of Panorama Software Ltd. All other company, product or brand names are the trademarks or the registered trademarks of their respective companies. Panorama Software Ltd. is not responsible for errors or omissions. Copyright 2006 Panorama Software Ltd. All rights reserved.