Proforma Announces Best Quarter Ever

Southfield, MI, January 14, 2003 -- Proforma Corporation, the leading USA provider of enterprise-wide business process modeling and simulation software, announces its best ever quarterly financial performance. Combined with last quarter’s excellent results, this gives Proforma its best six-month performance in its corporate history.

Second fiscal quarter ending December 2002 saw ProVision software sales grow 30 percent compared to the second quarter of the previous fiscal year. Additionally, Proforma’s revenue grew by 40 percent over the first six months of the fiscal year. The number of licenses sold increased by 43 percent when compared to the second quarter of previous year. Commenting on the fiscal year 2002 achievements to date, Ron Pellegrino, president of Proforma said, "Proforma is coming off our best ever quarter financially. Our results for this recent quarter, and for that matter the whole year, exceeded our expectations given the challenges businesses faced this year and the resulting limited spending."

Over the last six months Proforma customers such as General Motors and American Express have increased their focus on Business Process Analysis (BPA) and enterprise modeling and have outfitted their organizations with substantial ProVision licenses. "We continue to invest heavily in the development of the ProVision Modeling Suite. We released ProVision 4.1 in October, which focused on usability features such as the Portal user interface. We are now getting ready to release ProVision 4.2, which gives our customers extended enterprise-wide modeling capabilities. These major releases have received positive feedback from both committed and prospective customers.” added Mr. Pellegrino.

According to Gartner Research Note, SPA-150456, “Many enterprises are using BPA tools with ‘quick strike’ methods to help them understand opportunities for streamlining existing processes and creating new business flow. At a minimum, enterprises should be examining their existing processes and flows for cost reductions. This activity is spreading rapidly.”

About the ProVision Modeling Suite
The ProVision modeling suite is an enterprise-wide process modeling and simulation tool-set. It helps business and information technology professionals understand, analyze and improve their processes and systems. ProVision’s sharable repository of integrated strategy, process and system models provide the framework to effectively model all dimensions of the enterprise and support initiatives such as process improvement, Six Sigma, ISO certification, enterprise architecture, requirements definition and application development. The better you know your business—the greater your ability to continually improve your performance and competitiveness.

About Proforma Corporation
Proforma is a leading provider of enterprise process modeling software and services that enable organizations to visualize, analyze, improve and implement the most cost effective and efficient business processes and systems. Proforma solutions guide companies through significant events such as globalization, process management and integration, knowledge management, and system implementation. Founded in 1994, Proforma counts many of the Fortune 500 companies among its customers, including General Motors, American Express, HP, EDS, and J.D. Edwards. Please visit www.proformacorp.com for more information.