Connecting Space and Lease Information Helps Clients Make More Informed Decisions, Reduce Occupancy Costs and Maximize Shareholder Value

ORACLE OPENWORLD, SAN FRANCISCO, Calif., Sept. 19, 2005 – CenterStone Software, Inc., the leader in Web-based solutions to manage corporate real estate, facilities and workplace operations, today announced CenterStone's eCenterOne integration has been validated with Oracle’s PeopleSoft Enterprise 8.9 Asset Management.

By connecting space management and planning capabilities in eCenterOne with leasing and financial applications in Oracle’s PeopleSoft Enterprise 8.9, this integration provides the precise, real-time information executives need to make the most informed decisions for their businesses. Tying information such as head counts, allocations, floor plans and assets in eCenterOne with properties, rentable square footage and status in Oracle’s PeopleSoft 8.9 allows organizations to track and forecast utilization and occupancy, automate Move/Add/Change processes and accurately measure cost allocations and chargebacks among business units. This helps organizations to prevent costly excess space commitments, support growth plans and avoid missed opportunities for savings.

“Workplace costs are the second largest expense for most large organizations and are increasingly strategic in driving bottom line results and shareholder value,” said Ross Leibowitz, Chief Technology Officer for CenterStone Software. “Without an integrated solution, organizations cannot see the ‘whole picture’ and understand the financial impact of multi-million dollar decisions to renew, expand, sublease or take other action with their portfolio. We are pleased to partner with Oracle in delivering exceptional value to this market.”

CenterStone, a Certified Partner in the Oracle® PartnerNetwork will display the joint solution this week at Booth #133 at Oracle OpenWorld San Francisco, 2005.

“By gaining access to the most current, accurate information about occupancy, financials and operational processes across their portfolio, real estate executives can build a smarter, more profitable business and strengthen their organization’s competitive advantage,” said Mark Israelsen, vice president, Oracle Applications Partnering Strategy. “Through our work with CenterStone, customers can improve their planning and decision-making, minimize risk and better measure real estate performance.”

Integration between Oracle’s PeopleSoft 8.9 and eCenterOne is facilitated through a Service Oriented Architecture (SOA) for sharing information on employees, spaces, assets and leases.


About the Oracle PartnerNetwork

Oracle PartnerNetwork is a global business network of 15,000 companies who deliver innovative software solutions based on Oracle software. Through access to Oracle's premier products, education, technical services, marketing and sales support, the Oracle PartnerNetwork program provides partners with the resources they need to be successful in today's global economy. Oracle partners are able to offer customers leading-edge solutions backed by Oracle's position as the world's largest enterprise software company. Partners who are able to demonstrate superior product knowledge, technical expertise and a commitment to doing business with Oracle can qualify for the Oracle Certified Partner levels. http://oraclepartnernetwork.oracle.com


About CenterStone Software, Inc.

CenterStone Software helps many of the world's largest organizations to manage their space, facilities, personnel, assets, leases and workplace operations more efficiently, strengthen executive planning and decision-making, optimize portfolio utilization and save millions of dollars in occupancy costs every year. Market leaders such as AIG, Dell, EMC, Network Appliance and sanofi-aventis are using CenterStone’s Web-based eCenterOne solution to automate workplace processes such as space planning, corporate moves, employee on-boarding, allocations and chargebacks and work orders. As a pioneer in the growing Integrated Workplace Management Systems (IWMS) market, CenterStone was founded in 1999. The company is headquartered in Hopkinton, MA and has its West Coast sales and services office in San Mateo, CA, and regional offices across the United States. For more information, please call (508) 435-1520 or visit www.centerstonesoft.com.

CenterStone and eCenterOne are trademarks of CenterStone Software, Inc. Oracle, JD Edwards, and PeopleSoft are registered trademarks of Oracle Corporation and/or its affiliates All other logos, company and product names may be trademarks or registered trademarks of their respective owners.