[July 26, 2004]

Cartesis Wins Connecticut Quality Improvement Award Innovation Prize; Norwalk-based software company presented with award for product performance excellence

NORWALK, Conn. --(Business Wire)-- July 26, 2004 -- Cartesis, Inc., a business performance management solutions provider, has been presented with the Silver Connecticut Quality Improvement Award (CQIA) Innovation Prize recognizing performance excellence for the Cartesis(R) Suite.


The awards are sponsored by the CQIA Partnership, the State's leader in creating and recognizing excellence. Criteria for the Innovation Prize is based on the Malcom Baldridge National quality award standards and the applications were judged by 15 Baldridge trained examiners.

"CQIA Innovation Prize award winners embody the critical intellect that is the foundation of Connecticut's long-term growth," said Sheila Carmine, Founder and Executive Director of the 17-year old Connecticut Quality Improvement Award Partnership. "By applying this Connecticut Intellect, each of the prize winners is focused on helping humanity and improving our lives with novel and superior products and services. The ingenuity of these award winners attracts more talented people to Connecticut, multiplying the business possibilities, and further strengthening the reputation of the Connecticut Intellect."

The award highlights the ability of Cartesis Magnitude(TM), a web-based business performance management solution, to effectively deliver accurate financial data in real-time, leading to better decision-making power for Cartesis customers. The Cartesis Suite provides the story behind the numbers, simplifying the communication of performance data to all stakeholders, while also addressing the compliance and management reporting issues that multinational businesses face.

"Gaining this recognition by the CQIA Partnership, coupled with our continued market growth, supports the value of our BPM solution to new and existing customers and partners," said Robert Fitzgerald, president of Cartesis, Inc. "This achievement is a testament of our commitment to providing only the highest quality products and services to our customers around the globe."

Cartesis will be presented with the Innovation Prize on October 13, 2004, at the 17th Annual Conference on Quality and Innovation at the Waters Edge Resort in Westbrook. Please visit www.ctqualityaward.org for more information.

For more information regarding Cartesis, please visit www.cartesis.com 

About Cartesis

Cartesis provides CFOs with a unique business performance management solution to deliver the whole 'story behind the numbers' with unparalleled clarity and insight. Leading multinational companies around the globe rely on Cartesis software applications to get the full picture and offer timely and relevant information to their stakeholders. The company maintains offices in Brussels, Frankfurt, London, Madrid, Norwalk (CT), Paris, Tokyo and Utrecht. Cartesis products give global companies the analytic capacity and the flexibility they need to assess the rapid changes in their market places. One in five of the Fortune Global 100 and more than 30% of the Financial Times European 100 use Cartesis solutions to obtain unprecedented command over their financial information and processes. www.cartesis.com

All cited names and/or trademarks are the property of their respective owners.

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