Methodware positioned in the Leaders Quadrant for Basel II Risk Management Application Software, 2005 Magic Quadrant Sep 22 2005

Methodware, a leading provider of risk management and internal audit software, today announced it has been positioned by Gartner, Inc. in the leaders quadrant in the Basel II Risk Management Application Software, 2005 Magic Quadrant¹ report.

According to the report, vendors listed in the leader's quadrant have a proven track record in Basel II vision and business investment, which indicates they are well-positioned for the future. Leaders do not necessarily offer the best products for every customer project, but they do provide solutions that offer relatively lower failure risk. Leaders in this market have paired advanced technology with broad offerings or have specific, rich functionality.

"I am delighted that Gartner has positioned us in the leaders quadrant" said Dr Chris Moxon, Methodware's CEO, "Enterprise Risk Assessor from Methodware is gaining a strong reputation as a market leading operational risk management software tool, we believe placement in the leaders quadrant by Gartner supports this."

About the Magic Quadrant
The Magic Quadrant is copyrighted 16 September 2005 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the "Leaders" quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

¹ Gartner Research "Magic Quadrant for Basel II Risk Management Application Software, 2005" by D. Furlonger, and D. McKibben. September 16, 2005