HandySoft Named Strong Performer by Independent Research Firm in Sarbanes-Oxley Compliance Software Report

Vienna, VA - May 09, 2005 - HandySoft Global Corporation, a leading provider of business process management (BPM) solutions, today announced that it was highlighted as a strong performer for its Sarbanes-Oxley (SOX) compliance software by Forrester Research, in its recently released "Forrester Wave: Sarbanes-Oxley Compliance Software, Q1 2005."

"This recognition by Forrester underscores the fact that HandySoft's SOXA Accelerator 3.0 has the functionality and ease of use that management needs," said Stuart Claggett, chief operating officer of HandySoft. "Our ranking by Forrester is excellent, and it is indicative of our ongoing work to provide customers with the best compliance solutions."

Built on the award-winning BizFlow® Business Process Management (BPM) framework, SOXA Accelerator 3.0 lays the foundation for managing compliance over internal controls. Through active control enforcement, the underlying BizFlow system can embed compliance inside business processes to ensure that controls are performed consistently; lowering the ongoing costs of both testing and remediation activities providing longer term ROI.

In the Forrester report, HandySoft also stood out for its process diagramming capabilities. "As part of the Section 404 compliance process, business processes that affect financial results need to be documented," the report stated. HandySoft was recognized as one of the few vendors that provide integrated business process mapping capabilities.

Additionally, HandySoft was categorized as one of the "specialist" vendors that have an extensive track record of implementations and deep subject matter expertise.

For a Forrester Wave, the research firm conducts primary research to develop a list of vendors that meet the criteria to be evaluated. From an initial pool of vendors, Forrester narrows the final list based on product fit, and customer success. Forrester graded participants in this Wave report against 58 criteria based on questionnaire responses, supplemental information, and their knowledge derived from product demonstrations, briefings and ongoing research. A full copy of Forrester Research’s Forrester Wave: Sarbanes-Oxley Compliance Software, Q1 2005, is available for purchase directly from Forrester at www.forrester.com.

About HandySoft Global Corporation
HandySoft Global Corporation is the premier provider of configurable software solutions that simplify and automate business processes; capture and enforce best practices; improve productivity and quality while reducing costs; integrate information technology; and foster collaboration among employees, customers, and partners.

The foundation for HandySoft's industry and departmental solutions is BizFlow®, the award-winning platform for business process management, automated workflow, and collaboration. BizFlow offers complete capabilities for building and managing automated business processes, including tools for designing and monitoring the processes, presenting and accessing work, integrating existing IT systems, and administering the platform itself. As a global solutions provider, HandySoft Global is headquartered in Vienna, VA, with offices in Australia, Japan, London, and Korea, with strategic partner representation throughout the world. HandySoft has implemented process management solutions at hundreds of sites worldwide. For more information call +1-703-442-5600, email info@handysoft.com or visit www.handysoft.com.

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