July 5, 2006

BWise and Business Objects Extend Partnership

New York, NY, July 5, 2006 – BWise, a leading provider of compliance and enterprise risk management software, and Business Objects, the world’s leading provider of business intelligence (BI) solutions, today announced an extension of their partnership.

Under the terms of the agreement, the Business Objects Enterprise Edition reporting software will become the standard reporting engine within the BWise compliance and internal control software. Through this agreement, BWise customers will receive more flexibility in automated scheduling and emailing of reports, enhanced performance and greater scalability of reporting in general.

“It was only two years ago that BWise and Business Objects first started their partnership by embedding the Crystal Reports Engine into their application,” says John Campbell, Director OEM Europe for Business Objects. Stephan Kösters, OEM Business Development Manager stated, “The partnership turned out to be very successful in the market and therefore it was only logical to extend that partnership. Our flagship Business Objects Enterprise Edition is now included in the BWise Internal Control offering, providing BWise customers with even more BI functionality.”

“Our worldwide customers experience the power and ease of use of our Internal Control software. This leads to extremely fast user application acceptance within large organizations, with an increasing usage of the vast number of reports and dashboards available in our application,” says Tonny Boerboom, COO of BWise. “This success is the foundation that will further enhance our reporting through a state-of-the-art reporting engine. Business Objects Enterprise Edition has become the de-facto standard in reporting.”

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About BWise
BWise is a global leader in compliance and enterprise risk management software, with a strong heritage in business process management. Established in 1994, BWise delivers proven solutions to help organizations become “in control” by increasing corporate accountability; strengthening financial, strategic and operational efficiencies; and maximizing performance and ROI. With more than 1,200 customers in more then 80 countries worldwide and 150,000 users in virtually all markets, BWise has developed a strong and sustainable presence in the compliance and risk management sectors. Utilizing templates and a best-practice implementation approach, BWise enables management to measure and manage risks and to comply to rules and legislation such as Sarbanes-Oxley, European Corporate Governance Codes, IFRS, Basel II, ISO-standards and more. BWise has offices in the Netherlands, United States and India. For more information, visit http://www.bwise.com.

About Business Objects
Business Objects is the world’s leading business intelligence (BI) software company, with more than 35,000 customers worldwide, including over 80 percent of the Fortune 500. Business Objects helps organizations of all sizes create a trusted foundation for decision making, gain better insight into their business, and optimize performance. The company’s innovative business intelligence suite, BusinessObjects™ XI, offers the BI industry’s most advanced and complete solution for performance management, planning, reporting, query and analysis, and enterprise information management. BusinessObjects XI includes the award-winning Crystal line of reporting and data visualization software. Business Objects has also built the industry’s strongest and most diverse partner community, and offers consulting and education services to help customers effectively deploy their business intelligence projects.

Business Objects has dual headquarters in San Jose, Calif., and Paris, France. The company’s stock is traded on both the Nasdaq (BOBJ) and Euronext Paris (ISIN: FR0004026250 - BOB) stock exchanges. More information about Business Objects can be found at www.businessobjects.com.

Media Contacts:
Kim Larkin                                                     Lianne Verhoeven
D. Larkin & Associates for BWise                    Business Objects Netherlands
Office: (703) 250-3590                                  Office: +31 30 2259000
klarkin@dlarkin.com                                       lianne.verhoeven@businessobjects.com


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