Highlander™ selected for OEM integration to mainstream credit risk analysis system used worldwide.
KMV, LLC selects Highlander over competition for an integrated OLAP solution.

Monterey, July 7, 2000: Peak Software and KMV today announced that they have successfully integrated Peak's Highlander OLAP product with KMV's flagship Portfolio Manager™ risk analysis system, which is used worldwide by financial institutions to evaluate various types of debt securities, credit derivatives and loans.

The integrated product, KMV Portfolio Manager™, has recently been shipped to clients worldwide, the companies said. The Highlander displays Portfolio Manager™ results from virtually any viewpoint as a multidimensional database. KMV, LLC, a leader in credit risk measurement and management for multinational financial institutions, selected Highlander after an extensive evaluation of OLAP products. Peter Crosbie, KMV partner, said, "Highlander is the most compact OLAP system we found." Dr. Rick Butterworth, Peak Software president, said, "This agreement puts us on desktops worldwide."

OLAP products use a dimensional data model that Highlander incorporates natively. Highlander integration to desktop applications is through the Microsoft® Windows operating system and ActiveX technology, giving OEM clients immediate access to an OLAP engine and user interface.

KMV, LLC was formed in 1989 with credit risk as its single focus. Since then, the company's technology has become widely used to assess the risk and return characteristics of portfolios of corporate bonds, commercial and industrial loans and credit derivatives. More than 66 percent of the world's largest banks rely upon KMV technology in their credit risk management strategies, as do a growing number of insurance companies, institutional money managers and other institutional managers of corporate credit risk.

Peak Software develops and markets desktop OLAP products for stand-alone or OEM use. The company's "structured solution" approach provides quick and efficient ways to view large volumes of summarized information in a subject matter context quickly understood by end users. For more information, see the Peak Software web site at http://www.peaksoftware.com or call (831) 664-0480.