Harmony Signs Agreement with Compaq Global Services

Harmony Software, the Survival Engine for e-Business, announced a key sales and marketing partnership with Compaq Global Services as a Business Intelligence (BI) partner for advanced analytics.

Harmony provides pre-defined, key performance indicators (KPIs). These KPIs, developed in conjunction with Stanford University, KPMG, and Ernst & Young, enable a company to conduct successful operational audits. Harmony delivers scheduled and on-demand business information to the user's desktop. Exception analysis provides the user with focused alerts, flash notification, business intelligence, and competitive information, all at the click of a mouse.

Together, Compaq and Harmony will deliver a broad portfolio of e-Business solutions with advanced analytics for supply and demand chain, and e-Commerce operations. Harmony Software is also a key partner providing advanced click-stream analytics for Microsoft Commerce Server 2000.

Compaq Professional Services will deliver implementation services for Harmony's advanced analytics solution.

"We are excited to be able to partner with Harmony to offer this breakthrough business approach," said Rick Fricchione, vice president, Applications and Internet Technologies, Compaq Global Services. "Compaq Global Services is the only vendor who can deliver a complete solution such as this to a broad customer base all over the world. Compaq, as Microsoft's Global Service Partner of the Year and Microsoft's Worldwide Prime Integrator for Windows 2000, can help customers integrate Windows NT-based solutions, such as Harmony's Survival Engine for e-Business, quickly and efficiently for a faster time to solution and quick bottom line results."

"Harmony provides the next generation in advanced business analytics by simply delivering `intelligent content' through our KPIs versus raw information that requires further analysis. Our solution gives the answer at the push of a button, letting you take the `pulse' of your business at the moment a decision needs to be made, just like checking the health of your company's stock on the Internet," said Bob Smith, CEO and president at Harmony Software. "Harmony has worked in tandem with Microsoft's Commerce Server 2000 team in developing our e-Commerce solution. The Microsoft team played a critical role in helping us understand what the key requirements are for Microsoft Commerce Server 2000 customers. We look forward to working closely with Microsoft and Compaq to provide this solution, and the resulting business benefits, to users around the globe."

"The partnership between Compaq and Harmony will provide e-Business customers with powerful and flexible analytic solutions, based on Commerce Server 2000, helping them to be more competitive in the digital economy and achieve higher profitability," said Chris Atkinson, vice president of .NET Developer Solutions Group, Microsoft Corp. "Microsoft is excited by the enormous value that these industry leaders have added to the .NET Platform."

About Harmony

Harmony Software Inc, is a leading analytic engine for B2B and B2C exchanges, portals, ASPs and e-platform partners. Harmony, the Survival Engine for e- Business, provides users with key performance indicators (KPIs) based upon best practices for e-Commerce, demand chain, and supply chain, as well as customer specific KPIs. Our platform enables users to manage today's business with today's data. Turning your business information into insight, Harmony's KPIs create an effective and efficient process to set the course toward increasing profitability and shareholder value. The company, founded in 1996, is currently headquartered in San Mateo, California. Significant customers and development partners include Microsoft, Compaq, Reuters, Ernst & Young, KPMG and Stanford University. For more information about Harmony Software, please visit our Website at www.harmony.com.

Contact Harmony Software Inc, Victoria Huntzinger, 650-401-2455, vhuntzinger@harmony.com.