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

SAN FRANCISCO, Calif., Sept. 19, 2005—CenterStone Software Inc., the leader in Web-based solutions to manage corporate real estate, facilities and workplace operations, announced that 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," says 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."

"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," says 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
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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, Mass., and has its West Coast sales and services office in San Mateo, Calif., and regional offices across the United States. For more information, please call (508) 435-1520 or visit www.centerstonesoft.com.