Pioneer Investments selects Panopticon's EWS Solution

Stockholm, Sweden, January 21, 2004 – Panopticon, the provider of heat mapping solutions, today announced that Pioneer Investments has bought Panopticon's heat mapping technology.

Pioneer Investments will launch the Enterprise Web Solution, EWS, in Q1 2004 to improve their internal reporting capabilities in Risk management, Performance Management attribution and stock/fund screening. The application will initially be deployed at the investment division in Ireland and then be rolled out to Italian, US and Singapore divisions later in 2004 reaching more than 150 investment professionals.

With the application available at Pioneer Investments' investment portal all fund managers will have instant access to crucial business information as the application is updated with the latest information. With Web based architecture, Panopticon's application enables Pioneer Investments to gain a single, consolidated view of business performance, markets and customers, across the entire enterprise.

"Panopticon gives us a powerful new tool to increase efficiency and allow fund managers to simultaneously view and browse multiple levels of information," said GianCarlo Papetti, Head of Quantitative software development at Pioneer Investments. "Among its many features, the EWS solution allows us to support the investment division globally and provide integrated representation of key performance and risk indicators of all our managed portfolios"
"Panopticon's heat maps gives users an instant overview of large data volumes from several data sources in an easy to use interface. To combine external market feeds with customer data and internal reports has made heat mapping the solution of choice for leaders in financial services like JP Morgan, UBS Warburg, Deutsche Bank and Credit Suisse First Boston," said Willem De Geer, CEO Panopticon.

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