Panorama Software

Panorama Software

May 24, 2005 06:00 ET

Panorama Software Signs Enterprise Agreement With AGL Resources

TORONTO, ONTARIO and ATLANTA, GEORGIA--(CCNMatthews - May 24, 2005) -

Business Intelligence Leader Provides AGL Resources Strategic Reporting Tools

Panorama Software, a global leader in business intelligence (BI) solutions for the Microsoft platform, announced today it has signed an enterprise license agreement with AGL Resources Inc. (NYSE:ATG), the largest natural gas distributor in the Southeast and mid-Atlantic region with 2.3 million customers. As part of the agreement, AGL Resources has purchased Panorama's flagship product - Panorama 4.0 - to support its operational field work and to help ensure that resources are optimally managed throughout the enterprise.

Panorama Software's Panorama 4.0 is a comprehensive business intelligence solution which extends the Microsoft SQL Server Business Intelligence Platform allowing decision makers at all levels and functions to easily analyze data, quickly create and distribute reports, and proactively measure performance. Panorama 4.0 extends the value and reach of business intelligence to all users-making BI a part of everyday operations.

By moving to Panorama 4.0, AGL Resources will benefit from having a very economical business intelligence platform that is aligned with the Company's overall technological strategic direction. "We are pleased to be working with Panorama - an experienced business intelligence provider with a cost effective solution and significant linkages to Microsoft," said Grady Boggs, manager, Applications, AGL Resources. "Panorama was chosen for its flexibility, strategic alignment with Microsoft products and expertise in delivering best-of-breed BI solutions."

With a workforce of over 2,900 employees, AGL Resources serves 2.3 million customers. Given this, AGL Resources gains tremendous value by applying BI solutions to its day-to-day business activities. Business Intelligence tools provide the Company the necessary information it needs to optimally manage resources and make intelligent business decisions.

"AGL Resources has positioned itself as a significant industry thought leader by embracing BI throughout the organization," said Eynav Azarya, CEO of Panorama Software. "Panorama looks forward to continuing its successful relationship with AGL Resources and helping to manage the company's operational reporting needs. This is another example of our ability to collaborate with our customer and deliver unique BI solutions that help companies compete more effectively."

With this agreement, Panorama will maintain its position as one AGL Resources' key providers of business intelligence solutions to help the Company leverage leading-edge BI software to effectively satisfy reporting needs and complementing AGL Resources unique low-cost, customer-focused business model.

About Panorama Software

Panorama Software helps global organizations unlock the hidden value of their information assets to improve business performance and results. Panorama extends the Microsoft platform through integrated business intelligence and corporate performance management solutions. With Panorama decision makers at all levels and functions can easily analyze data, quickly create and distribute reports, and proactively measure performance. Companies gain a greater understanding of their business and make better decisions. These informed decisions improve profitability, increase revenues, reduce costs and time to market and mitigate competitive risks.

Panorama, a leading innovator of business intelligence solutions, supports customers worldwide in industries such as financial services, manufacturing, healthcare, retail, healthcare, telecommunications and life sciences. Panorama has more than 250 partners in 30 countries, and maintains offices throughout North America and EMEA. More information is available at http://www.panorama.com.

About AGL Resources

AGL Resources (NYSE:ATG), an Atlanta-based energy services holding company, serves 2.3 million customers in six states through its utility subsidiaries - Atlanta Gas Light, Elizabethtown Gas in New Jersey, Virginia Natural Gas in Norfolk, Florida City Gas, Chattanooga Gas, and Elkton Gas in Maryland. A Fortune 1000 company that ranks number 46 in the Fortune gas and electric utilities sector, AGL Resources reported 2004 revenue of $1.8 billion and net income of $153 million. The company also owns Houston-based Sequent Energy Management, an asset manager serving natural gas wholesale customers throughout the East and Midwest. As a 70 percent owner in the SouthStar partnership, AGL Resources markets natural gas to consumers in Georgia under the Georgia Natural Gas brand. AGL Networks, the company's telecommunications subsidiary, owns and operates fiber optic networks in Atlanta and Phoenix. The company also owns and operates Jefferson Island Storage & Hub, a high-deliverability natural gas storage facility near the Henry Hub in Louisiana. For more information, visit http://www.aglresources.com.

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