Smart Software Named One Of the "Hottest Companies" Of 2004 By Leading Manufacturing Publication

BELMONT, Mass.—(BUSINESS WIRE)—July 7, 2004— Start Magazine has chosen Smart Software, Inc. as one of its "Hottest Companies of the Year," in its seventh annual awards program. Smart Software is a leading provider of demand forecasting, planning, and inventory optimization solutions. The Start Magazine award was created to recognize software and hardware vendors that have developed innovative applications or products for the manufacturing industry. Companies were judged on their growth record during the last few years, how their product/service is unique, and how they are meeting customer demands.

"Smart Software has moved from a 'Company to Keep an Eye On' in our competition two years ago to one of the 'Hottest'," said Peggy Smedley, editorial director and founder of Start Magazine. "It has experienced solid revenue growth in a very competitive market, and its innovative intermittent demand forecasting technology is catching on with companies that have long sought a solution to their inventory planning challenges. Smart continues to provide a strong value proposition to manufacturers in need of better demand forecasting and inventory management."

Since being recognized by Start Magazine, Smart Software has experienced a number of outstanding achievements. In the past two years, revenues have grown 59 percent, with 25 percent growth in the most recent fiscal year ending May 31, 2004. The past year also witnessed the adoption of Smart Software's flagship product, SmartForecasts(TM), by major corporations, including Monsanto, Nikon, Pfizer, Analog Devices, Schutt Sports, JEOL Datum and many others.

Additionally, during the past year, Smart continued to build its distribution with strong contributions from new resellers in Canada and Latin America, as well as strengthened relationships with partners, Epicor and Adonix Software.

The efficacy of Smarts' innovative, patented technology for forecasting intermittent, or slow-moving, demand has been validated by a growing number of companies with hard-to-forecast inventories. This was especially true with companies in the $158 billion automotive aftermarket. These companies have problems forecasting because a large percentage of their inventories consist of slow-moving products. Recent adopters of Smart's technology in that industry include Dana Corporation, Prevost Car, Rally Manufacturing, Panelite, Sonnax, Chicago Rawhide (a division of the Swedish-based SKF Group), and CRP Industries.

"We are honored that a magazine with the stature of Start has chosen to recognize the hard work and technological achievements of our staff," said Charles Smart, president of Smart Software. "We will continue to help our customers solve their toughest inventory planning and forecasting challenges with robust, scalable, easy-to-use solutions that deploy the latest technologies and deliver exceptional customer value."

About Start Magazine

Start is the voice of the manufacturing executive, providing executives with a balance between the technology issues and the greater business management issues facing executives today. Start offers sound technology advice coupled with solid coverage of the financial, political, and management news and events shaping manufacturing. Start focuses on the business issues impacting the manufacturer's bottomline. For more information, please visit www.startmag.com.

About Smart Software, Inc.

Founded in 1984, Smart Software, Inc. is a leader in providing businesses with enterprise-wide demand forecasting, planning and inventory optimization solutions. Smart Software's flagship product, SmartForecasts, has thousands of customers worldwide, including midmarket enterprises and Fortune 500 companies, such as Monsanto, Mitsubishi, Siemens, Labatt Breweries, and Coca-Cola. SmartForecasts gives demand planners the tools to handle sales seasonality, promotions, new and aging products, multi-dimensional hierarchies, and intermittently demanded service parts and capital goods items. It also provides inventory managers with accurate estimates of the minimum inventory and safety stock required to meet future orders, thereby ensuring the most cost-effective inventory allocation to achieve desired service levels. Smart Software is headquartered in Belmont, Massachusetts and can be found on the World Wide Web at www.smartcorp.com.

For more information, please contact Greg Hartunian at Smart Software at 1-800-SMART-99 (800-762-7899) or gregoryh@smartcorp.com.

SmartForecasts is a trademark of Smart Software, Inc. All other trademarks are the property of their respective owners.



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