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PMG Announces Global Strategic Partnership with Panscopic

• Global strategic partnership agreement offers more choice to PMG customers
• Resource centric Hydra Solution first to enable users 24x7 near real time data access

13 January 2004 - Hydra Managementplc , the corporate program and collaborative management specialist, today announced a global strategic partnership with Panscopic, a leading provider of embedded self-service reporting for web applications. Under this agreement PMG will sell Panscopic reporting as an integral part of its Program and Collaborative management suite. Panscopic's solution will provide PMG customers with on demand data access and manipulation, and advanced report customisation capabilities with a self-serve, zero-training interface essential for fully scalable deployments.

Peter Bondar, CEO for PMG, said, "I am delighted to be able to announce the strategic partnership agreement with Panscopic, and the availability of Panscopic technology to PMG users throughout the world. By embedding the Panscopic application, PMG has significantly improved the functionality of the Hydra product, giving customers: direct accessibility from the Hydra product or via a web browser; ease of use for self serve report creation and customisation, advanced charting and graphs; access to the wide variety of data sources that Hydra manages; and near real-time access to the dynamic data in Hydra."

"This strategic partnership agreement means that our customers can now choose Panscopic technology to include in their performance management solution. It also means that PMG can concentrate its efforts entirely on what it does best, namely project and program management, benefits and portfolio management, and knowledge and collaborative management. It also means that existing Pansopic customers who wish to implement a program and collaborative management solution can consider PMG's applications in the knowledge that their choice of reporting technology will work as an integrated part of PMG's solution."

Peter Bondar concluded, "Global availability to our customers of Panscopics' solutions is a very important part of PMG's philosophy of offering leading-edge technology. In our view no other reporting solution offered as advanced charting capabilities, high performance, complete data integration and global platform support availability that our customers need and demand. We feel that offering Panscopic reporting products as part of our solution enhances still further the technology edge of our architecture."