The new partner will help Panopticon increase its market presence and focus attention on the benefits of using Treemap, Heatmap and other Visual Business Intelligence tools in financial services applications.

Stockholm, Sweden, October 23, 2008 — Panopticon Software, the leading provider of Treemap and Heatmap data visualization software, today announcedthat it has signed a partnership agreement with Technologies & Finance, a prominent solutions provider for financial services companies in French-speaking Europe. The companies will work together to explain the value of using Treemaps, Heatmaps and other Visual Business Intelligence tools to financial services customers in French-speaking Europe. Targeted applications include Risk Analytics, Trade Monitoring, Portfolio Attribution & Risk, and Algo Trading.

Technologies + Finance is based in Paris, and has a staff of highly experienced people with outstanding backgrounds in Information Technology as it is applied in financial institutions. The partnership with Technologies & Finance reflects Panopticon's strategy to grow its European customer base and expand its indirect sales channel through the EMEA region over the coming years. With an already strong customer base in the US and Northern Europe, in the business intelligence market, Panopticon is very confident in Technologies + Finance's ability to help it become the Southern Europe leader in this market.

The new capital markets solutions helps customer address critical business challenges and gives Independent Software Vendors the ability to embed these solutions into their applications suites.

Stockholm, Sweden, June 10, 2008 — Panopticon Software, the leading provider of Visual Business Intelligence software, today announced that it has released four new solutions that solve practical problems for financial services companies.

These solutions may be customized as needed based on the specific business requirements of the client organization:

• Trade Monitoring. This solution gives managers in buy-side or sell-side organizations the tools they need to quickly identify anomalies and track order activity. This approach makes it possible for users to see a global view of trading activities on a single screen, understand exactly the status of their orders, and see how well each trade is performing. Managers can monitor trading information based on a variety of attributes, including broker, trading strategy, country, and industry.

The data visualization SDK supports Java and .NET environments and may be implemented in desktop or web-deployed configurations.

Stockholm, Sweden, June 10, 2008 — Panopticon Software, the leading provider of Visual Business Intelligence software, today announced that it has released a major new version of Panopticon Developer. The company's flagship product is a comprehensive development platform enabling end users and Independent Software Vendors (ISVs) to embed visualization technology into their business applications.

Panopticon Developer v5.1 is the newest version of the company's fully documented, comprehensive Software Developer Kit (SDK). It allows companies to tightly embed Panopticon's visualizations into proprietary business applications. The SDK allows programmers to create HTML-only, thin client, or thick client applications. It includes a robust yet flexible Streamcube™ OLAP data model designed to accept real-time data streams, an application programming interface (API), and a set of controls – along with comprehensive documentation that explains every aspect of how to use the software.

TBricks will launch its high performance automated trading system with embedded visualizations.

Stockholm, Sweden, February 25, 2008 — Panopticon Software, the leading provider of visual business intelligence software, today announced that it has signed an OEM agreement with Tbricks, a new company that is launching a completely new, state-of-the-art automated trading system. The agreement allows Tbricks to tightly integrate Panopticon's interactive information visualization tools into the Tbricks trading platform.

The Tbricks system is designed specifically to support very high speed automated trading and combines a completely unique user interface that is easy for traders and managers to understand with the fastest performance available in the financial industry. Furthermore it is highly modular and allows institutions to implement an unlimited number of complex trading strategies and algorithms while maintaining extremely high performance. The system is built to provide professional users at banks and hedge funds with the power and control they need combined with visibility into the results of their activities in order to support vastly higher levels of productivity than previously possible.

Carl Palmstierna will help lead the company in its new strategic direction.

Stockholm, Sweden, February 14, 2008 — Panopticon Software, the leading provider of Treemap and data visualization software, today announced that its shareholders have voted to make Carl Palmstierna the Chairman of the company's Board of Directors. This change will support the company's new strategy to offer state-of-the-art data visualization software to end-users and OEM partners using a revolutionary new business model.

Palmstierna is a former partner with Goldman Sachs and has served as CEO for Industrial Development & Investment, a private equity firm. He was most recently the CEO of ABG Sundal Collier, a major investment banking, brokerage and corporate advisory firm based in Oslo, Norway, with offices in Stockholm, Copenhagen, London and New York. In addition to Panopticon, Palmstierna is Chairman of the Board for Momail, MyFc and Qbrick and serves on the boards of Viewserve, Bluefish Pharmaceutical, AlltforForaldrar, and Elekta.

Panopticon Releases Major New Version of its Developer Platform.

Stockholm, Sweden, February 11, 2008 – Panopticon Software, the leading provider of visual business intelligence software, today announced that it has released a major new version of Panopticon Developer. The company's flagship product is a comprehensive development platform enabling end users and Independent Software Vendors ("ISVs") to embed visualization technology into their business applications.

Panopticon Developer .NET v5.0 is the latest generation of the company's fully documented, comprehensive Software Developer Kit ("SDK"). It allows companies to tightly embed Panopticon's visualizations into proprietary business applications. The Panopticon Developer allows programmers to create HTML-only, thin client, or thick client applications. It includes a robust yet flexible OLAP data model designed to accept real-time data streams, an application programming interface (API), and a set of controls – along with comprehensive documentation that explains every aspect of how to use the software.

Advent signs license to incorporate Panopticon's visualization technology into its Geneva® investment management and accounting system.

Stockholm, Sweden, January 29, 2008 - Panopticon Software, the leading provider of visual business intelligence software, today announced that it has signed an OEM agreement with Advent Software, Inc. (NASDAQ: ADVS). The agreement allows Advent to develop a new visualization module based on Panopticon´s technology for integration into Geneva®, Advent's award-winning global investment management and accounting solution.

Advent has licensed Panopticon's Developer Software Developer's Kit ("SDK"), which provides the ability to use Panopticon's interactive visualization technology in Geneva®. The resulting enhanced Geneva® functionality will improve Geneva's end-user capabilities, as well as help expand the audience for which Geneva® is useful.

Information Visualization is becoming increasingly important in financial, telecoms and other sectors as firms seek to improve operational decision-making.

Stockholm, Sweden, January 22, 2008 - Panopticon Software, the leading provider of visual business intelligence software, today announced that it has added four software industry veterans to its sales team in order to support increased demand for its visualization products. The company sells its software directly to financial services companies and to customers in telecoms, retail, and other vertical markets through OEM partners.

Expanded Board of Directors will help guide the company through growth phase.

Stockholm, Sweden, December 10, 2007 - Panopticon Software, the leading provider of visual business intelligence software, today announced that its shareholders have elected three new members to its Board of Directors. This move is to help support the company's growth resulting from increased sales in both Financial Services and in its OEM business.

The new board members are:

• Carl Palmstierna. Palmstierna is a former partner with Goldman Sachs and has been involved with international investment banking for 30 years. He has served as CEO for Industrial Investment International, a private equity firm, and since 2002 he has been the CEO of ABG Sundal Collier, a major investment banking, brokerage and corporate advisory firm based in Oslo, Norway, with offices in Stockholm, Copenhagen, London and New York. In addition to Panopticon, Palmstierna is Chairman of the Board for Momail, MyFc and Qbrick and serves on the boards of Viewserve, Bluefish Pharmaceutical, AlltforForaldrar, and Elekta.

System helps traders and managers understand market moves quickly with intuitive visualizations of real-time data.

Stockholm, Sweden, November 5, 2007 – Panopticon Software, the leading provider of visual business intelligence software, today announced that it has released a new version of software that supports real-time streaming data feeds. The software allows traders and managers to interactively visualize and monitor real-time streaming feeds of stock market trading data. They can visually analyze huge amounts of data with simple drag and drop operations in order to uncover hidden market trends. Explorer allows users to interactively filter and remove irrelevant data and supports highly intuitive navigation using simple mouse operations. Like all versions of Panopticon, this new package also allows users to save their favorite views and share their findings with colleagues and customers.