POWERSTEERING SOFTWARE ANNOUNCES FIRST QUARTER 2012 HIGHLIGHTS
Cloud PPM Software Provider Reports 35 New Client Wins and Merger with Tenrox

AUSTIN, Texas  (PRBuzz.com) May 10, 2012 -- PowerSteering Software, Inc., the leading cloud provider of business-driven project & portfolio management (PPM) software, today announced highlights for the quarter ended March 31, 2012. During the quarter, over 35 new customers in a wide range of industries selected PowerSteering products to meet diverse PPM needs in IT Governance, Professional Services Automation, Project Workforce Management, and Business PMOs.

"PowerSteering's impressive client acquisition validates the strength of our products and the growth in cloud-based PPM solutions overall," said Jack McDonald, Chairman and CEO of PowerSteering Software. "With the combined suite of award winning cloud PPM solutions from PowerSteering and Tenrox and our increased scale and financial resources, we expect to realize continued strong growth in the multi-billion dollar PPM market, both organically and through strategic acquisitions."

New Client Wins
Key wins in the quarter included leading organizations such as:
- Axcess Financial - A respected leader in the financial services industry, empowering consumers and businesses with a wide range of financial products and services;
- Glenmount Global Solutions - A leading professional services firm, with headquarters in Austin, TX;
- Informa -The world's largest publicly-owned organizer of exhibitions, events and training, with headquarters in Europe;
- PepsiCo - A global leader in beverage products with over $60 billion in annual sales, Pepsi is also the parent company of Frito-Lay, the world's #1 snack maker, and Quaker Foods;
- Simpler - The largest exclusive Lean Transformation consulting organization in the world;
- SPAWAR PAC - An IT division of the US Navy;
- Swift Technical Services - The premier provider of manpower services to the Oil & Gas industry; and
- Zipcar - The worlds' largest car sharing and car club service, offering more than 550,000 members access to about 8,000 vehicles throughout large cities in the US, Canada, and Europe.

In addition, during the quarter numerous existing customers expanded their use of PowerSteering products, validating PowerSteering's business-driven approach and the superior value that it provides. Among these clients were Department of the Navy, General Dynamics, McGraw-Hill Companies, Pioneer Natural Resources and Red Hat.

Other First Quarter 2012 Highlights
The PowerSteering-Tenrox merger in February created the largest "pure play" provider of Cloud-based PPM applications. With the increased scale and resources available, PowerSteering Software will be able to expand its geographic reach and support, and make significant investments in product development, customer service, and hosting infrastructure to provide clients with world-class product capabilities, support and performance. The company continues to invest in the development and support of both product lines, and all existing Service Level Agreements and support arrangements remain unchanged.

"Our strong Q1 shows that the PPM market is embracing the value proposition of the PowerSteering-Tenrox merger," said Steve Sharp, President of PowerSteering Software. "We have continued to see strong demand for both product lines, and remain committed to both technologies and their customers. We expect even more impressive results from the combined company in the months and years ahead."

About PowerSteering Software
PowerSteering Software is the leading cloud provider of business project & portfolio management (PPM) software, helping organizations drive results by enabling real-time visibility, strategic alignment, optimized asset allocation, workforce productivity, and agility in response to change across their global portfolio of projects, programs, and resources. More than 500 clients with over 150,000 active users in 50 countries rely on PowerSteering to accelerate business performance in IT Management, New Product Development, Professional Services Automation and critical Business PMO initiatives. PowerSteering's cloud software received the highest possible rating of "Strong Positive" from Gartner, Inc. in the "MarketScope for Project and Portfolio Management Applications." For more information, visit www.powersteeringsoftware.com.


Contact: Matthew Barnett
PowerSteering Software, Inc.
617-995-5749
mbarnett@psteering.com