Indicative Software Attracts $6 Million Investment

Fort Collins, CO April 12, 2006

Indicative Software, Inc., a privately held IT service management software company, today announced the completion of its Series B financing totaling $6 million dollars. Original investors, Sutter Hill Ventures, Sequel Partners and Vista Ventures, each participated as well as a new investor, WW Ventures. Indicative will use the funds for substantial expansion of its worldwide sales operations. Indicative sells its all-in-one service management product through a network of resellers and direct sales around the globe.

"Given the demand for Indicative product over seemingly entrenched competitors, it’s only prudent to aggressively grow our sales organization," said Lacy H. Edwards, CEO of Indicative Software. "We have a window of opportunity for gaining major market share in the enterprise management software industry and we are not going to pass it up."

"Sutter Hill continues to invest because of our strong confidence in the market, technology and team behind the company." said Ron Bernal, Venture Partner of Sutter Hill Ventures. "The traction with major customers is impressive."

Indicative Software also announced the appointment of Wallace Whitley to the company’s board of directors. Mr. Whitley’s operational experience in guiding fast growing companies will add a valuable perspective to Indicative’s board.