Russell Investment Group Chooses Pacific Edge IT Governance Solution for Comprehensive Resource and Portfolio Management

Bellevue, WA | February 16, 2006 —Pacific Edge Software, the leading IT Governance solution provider, today announced that Russell Investment Group, a global leader in multi-manager investing, has chosen Pacific Edge Mariner® to mature its IT portfolio management and governance processes to a higher level. Russell views Mariner as critical to its IT best practices and expects to use the software to gain real-time visibility into the impact of industry change on its IT investment portfolio. The company also views advanced project and portfolio management capabilities as beneficial to its IT employees' productivity, and job satisfaction and success.

"Making optimum IT portfolio decisions is critical to our talent bench," said Rick Len, director, Program Management Office for Russell Investment Group. "With 50 percent growth to $155 billion assets under management in recent years, and significant IT investment, we need to optimize the efforts of our employees and contingent staff while preserving our high-quality work environment. We expect Mariner to help us move beyond good project execution to strategic portfolio decision-making and the ability to reconcile investment decisions with realized benefits."

Russell Investment Group continues to be named one of "The 100 Best Companies to Work For" by Fortune magazine, most recently in 2006. A long-time Pacific Edge customer, Russell has used Pacific Edge project management software for rigorous project tracking, financial management and reporting, a significant challenge in light of the company's growth. With Mariner, Len expects to significantly improve IT's value to the business with real-time visibility into its IT investment portfolio, advanced resource management capabilities, and the ability to link projects to Russell's overall enterprise strategy.

"Mr. Len's group has been extremely successful in managing IT programs and supporting enterprise growth as Russell has expanded its presence worldwide and more than doubled the amount of assets under management," said Mitch Williams, vice president of sales for Pacific Edge. "We are delighted that the company has chosen Mariner to help take its IT governance initiative to the next level."

Pacific Edge Mariner software combines portfolio, project, resource, demand, and financial management into an integrated decision-support framework for an organization's IT governance initiative. As a powerful and practical-to-adopt solution, Mariner's capabilities map to an organization's specific levels of IT process maturity. As IT organizations mature, more advanced Mariner capabilities can be enabled to drive additional value from their IT governance initiative.

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