Panopticon expands UK and US operations

Strong market demand drives company expansion

Stockholm, Sweden, June 7, 2004 – Panopticon, the supplier of real-time visualisation tools, today announced that as a result of strong market demand they are expanding their UK and US operations. The company is looking to ramp-up its London and New York sales and marketing teams.

The upturn in the global financial markets has resulted in an increase in demand for visualization software. Panopticon has continued to grow its customer base in the US as well as in Europe, with more than 20 new customers and partners since last year. As part of Panopticon's strategy the company is now expanding its global operations.

"We are very serious about extending our market reach in the US and the UK and need additional, high-caliber people with a background in financial services. The increasing level of interest in heat mapping in the last 9 months has been both encouraging and surprising," said Willem De Geer, CEO of Panopticon. "Heat Mapping provides the tools that can help companies in any part of financial services improve the way they track and react to an ever-changing market," continues De Geer. "For instance our solutions are being deployed to great advantage in asset management, credit research and equity research, and the number of our customers is expanding both in Europe and the US."

Panopticon is looking for senior sales and marketing staff, with experience in financial markets and software sales.

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