Deltek and Panopticon forge partnership

Alliance will integrate enterprise project management with
visual business intelligence for first time

Stockholm, Sweden, May 12, 2006 – Panopticon, the leading supplier of visual business intelligence software, today announced it has formed a partnership with Deltek, the leading provider of enterprise management software built specifically for project-focused organisations. The partnership has been agreed with Hamsard Holdings Limited - Panopticon's distributor in the USA and will allow Deltek to provide Panopticon's cutting edge visualisation tools to the professional services market for the first time.

A revolutionary performance management tool, visualization uses a unique combination of shape, size and colour to replace pages of cumbersome data with a single interactive and graphical view of a firm's project health. Trends and risks are immediately apparent and can be quickly analysed to determine the actions necessary to drive greater performance.

"Panopticon's innovative visualisation software will give our clients an unprecedented, executive-level view of their entire project portfolio, enabling them to quickly identify risks and opportunities, and easily drill down to the projects at risk in order to take corrective action," said Eric Brehm, executive vice president of Deltek.

Deltek provides enterprise management solutions to more than 11,000 project-focused customers in the United States, enabling them to maximise profitability and productivity. Panopticon's visualisation tools will be available in an upcoming version of Deltek Vision, the only integrated business solution designed specifically for professional services firms. More than 1,000 architects, engineers, IT services firms, and management consultants use Vision to handle customer relationship management, proposal automation, project and resource management, time, expense, and billing, and project and financial accounting.

Panopticon co-founder and CEO Willem De Geer said, "This is a new vertical for Panopticon and we are delighted to be working with a clear leader in the field. This deal with Deltek underlines the flexibility of Panopticon's powerful visualisation technology, demonstrating once again that it can be applied to any complex data set."

About Deltek

With more than 11,000 customers worldwide, Herndon, VA-based Deltek is the leading provider of enterprise management software for project-focused organizations. Founded in 1983, Deltek enables companies to maximize profitability and productivity, integrating all aspects of their businesses. Deltek Costpoint®, Deltek Vision® and Deltek GCS Premier® power a myriad of front- and back-office applications including accounting, billing, resource planning, budgeting and control, business intelligence, CRM and proposal automation, employee time and expense, HR management, procurement and materials management and project management. Deltek's clients include Bechtel, CACI, HOK and Verizon. Visit www.deltek.com.

About Panopticon

Panopticon offers Visual Business Intelligence software for financial institutions, telecommunications firms and other organizations that must make decisions based on very large datasets and real-time streaming data feeds. The company offers a variety of enterprise and desktop products as well as a comprehensive SDK that allows clients to integrate Panopticon’s visualization technology with their own systems and workflows. Panopticon and its clients have won several technology awards from Euromoney and The Banker for their implementations of Panopticon technology. Clients include JP Morgan, Fidelity, Reuters, and Citi. The company has offices in New York, London and Stockholm.

All trademarks used herein, whether recognized or not, are the properties of their respective companies.

For more information, contact:

In Europe:
Robert Ekström, CEO, email: robert.ekstrom _at_ panopticon.com, Tel: +46 (0)8 53 480 480
Panopticon Software AB, Brunnsgatan 9, SE-111 87 Stockholm, Sweden

In the US:
Sam Giertz, President, email: sam.giertz _at_ panopticon.com, Tel: +1 212 907 6420
Panopticon Software USA, The Chrysler Center, 405 Lexington, 26th Floor
New York, NY 10174 USA