ProSight Relocates Federal Office to Crystal City, Virginia
4/24/2006

Burgeoning Government Business Leads to Larger Space Requirements.

ARLINGTON, VA - ProSight® Inc., the leader in Enterprise Investment Management, today announced that it is expanding its presence in the Washington, D.C. area with new office space in the Crystal City neighborhood of Arlington, VA. The new office will support a staff of approximately 30 people, and replaces ProSight's current federal location. The move, scheduled to take effect on Monday, May 1, 2006, is a direct result of dramatic growth in the company's federal government business over the last 12 months.

"Our federal sales and support team has done a tremendous job in establishing ProSight as the choice for portfolio and enterprise investment management solutions in the government arena," said H. David Silverman, Vice President of Finance and Operations for ProSight. "As a result, our staff - both in-house and onsite at customer locations - has grown exponentially. We required an office space that would not only handle our current employee base, but also allow for further expansion. We chose Crystal City due to its close proximity to our core customers in Washington and The Pentagon."

The new office is located at 2231 Crystal Drive, Suite 301, Arlington, VA, 22202-3711. ProSight maintains its headquarters in Portland, OR, and has employees working remotely at customer sites around the country. ProSight's customer base includes both commercial and government entities, including the U.S. Army, DaimlerChrysler, U.S. Department of Health and Human Services (HHS), U.S. Department of Homeland Security (DHS), Hershey Foods Corporation, Panasonic, TD Bank, and U.S. Department of Treasury.

About ProSight
ProSight offers world-class Enterprise Investment Management solutions for government and business. These solutions drive the planning and control for all types of business or technology investments, deploying objective, auditable processes and metrics, while facilitating collaboration among all stakeholders. ProSight's customers get rapid results, including rationalization of current spending, optimization of support for the business, and active governance to obtain the highest possible return on investment. For more information on ProSight and our customers' success, visit www.prosight.com.

Media and analyst contact

For media and analyst inquiries, please contact A.J. Guenther, Director, Public Relations, ConnellyWorks, Inc., 703.721.0541, aj@connellyworks.com.




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