Press Release

Seattle, Wash. — November 3, 2008 — Daptiv, the on-demand leader in collaborative business software, today announced strong continued business demand through the third quarter of 2008, adding over 50 customers worldwide. Daptiv also announced that seasoned finance leader Mark Klebanoff has joined the company as CFO to support Daptiv's continued growth and market expansion.

In the third quarter, Daptiv attracted several new major customers, including Badensolar of Germany, Blue Man Productions, Coach, the Defense Intelligence Agency, the Dow Chemical Company, Fiserv, Frontline Systems of Australia and Grubb & Ellis. More than 800 companies in virtually every market segment today rely on Daptiv to gain insight into everyday work and processes in the "mid-office" through Work Intelligence(TM), fundamentally transforming the way businesses approach collaboration and work. Currently, twenty-two percent of Daptiv's customers are headquartered internationally.

Daptiv is also announcing today the appointment of Mark Klebanoff as the company's chief financial officer. Mark has a fifteen-year track record as CFO of a number of successful Seattle area start-ups, including M:Metrics, AccessLine Communications and RealNetworks, where he was instrumental in the company's early capital raising efforts including its 1997 IPO. Mark has also spent time in the venture capital community, serving as managing director at Alexander Hutton Venture Partners. He has both a B.A. and an M.B.A from Yale University.

"Mark is a seasoned financial executive and will be an invaluable asset to the company as we continue our growth trajectory," said Jeff Pancottine, CEO of Daptiv. "We've had great success in international markets in recent months, and will focus on continuing to serve all of our customers by providing them with easy-to-use, powerful tools that enable them to more intelligently drill down into the work that's taking place across their organizations to make more strategic business decisions."

Daptiv is dedicated to providing focus and insight into the difficult-to-track mid-office initiatives and processes across departments, from marketing and HR to IT and finance. This is achieved through Daptiv PPM, an on-demand collaborative business solution that provides a system of record and delivers an easy way of planning, executing, tracking and reporting on work in the enterprise. Daptiv's Work Intelligence gives managers and executives complete visibility into the project pipeline and day-to-day work activities through drill-down reporting, drag-and-drop dashboard creation and data visualization: helping them to align work with strategic priorities, make better decisions and execute to get superior business results. Since its release last year, Daptiv PPM has earned numerous accolades for its ease-of-use, flexibility and quick time-to-value and will be announcing the Winter '09 edition next month.