Raleigh, NC, March 21, 2006 -- Global Software, Inc., the premier provider of real-time spreadsheet financial and corporate performance management (CPM) analytics tools, today announced that Bend, Oregon- based Bank of the Cascades has implemented Global Software, Inc.’s Spreadsheet Server for Bankers application.

Spencer Kupferman, Vice President of Corporate Affairs, Global Software, Inc. stated, "Being able to service Bank of the Cascades is a true honor for Global. Spreadsheet Server for use in conjunction with the Jack Henry™ suite is an integral part of our overall business strategy. We continue to receive requests from the Jack Henry community regarding how we can assist these customers with their Microsoft® Excel-based financial reporting and analysis needs. With requests from such well-known banking players like Bank of the Cascades, our product has matured very quickly and has become a defacto standard in the Jack Henry space."

Terri McCreary, Controller, Bank of the Cascades stated, “We used to have a real issue with our financial reporting and analysis and trying to find efficient ways to get data into spreadsheets. When we saw Spreadsheet Server for use in conjunction with Jack Henry we knew we had found the solution that we were lacking at Bank of the Cascades. Spreadsheet Server for use in conjunction with Jack Henry has given us real-time access to our financial data, excellent analysis capabilities and is a validation vehicle that allows our financial users drill-down to the transactions that make up those balances we bring into the Spreadsheet Server solution. What else can I say, we love this tool."

About Bank of the Cascades

Cascade Bancorp (NASDAQ: CACB) and its wholly-owned subsidiary, Bank of the Cascades, have a business strategy that focuses on delivering the best in community banking for the financial well being of customers and shareholders. The Bank implements its strategy by combining outstanding service, competitive financial products, local expertise and advanced technology applied for the convenience of customers. Founded in 1977, Bank of the Cascades offers full-service community banking through 21 branches, including 11 in Central Oregon, four in the Salem/Keizer area, five in Southern Oregon and one office in Portland. The Company plans to open up to 2 new branches in the next 5 quarters concentrated in its fast growing Southern and Central Oregon markets. The Bank has been rated among the top performing banks in the nation for the eighth consecutive year by Independent Community Bankers of America as well as in surveys by US Banker Magazine. In addition, The Seattle Times named Cascade Bancorp in the top tier of the annual Northwest 100 ranking of all publicly traded companies in the Pacific Northwest, and it was among the top 20 "Best Companies to Work For" in Oregon Business magazine. Bank of the Cascades is headquartered in Bend, Oregon. For further information about Bank of the Cascades, please visit them on the web at http://www.botc.com.

About Global Software, Inc.

Global Software, Inc., founded in 1973 and headquartered in the Research Triangle Region (Raleigh) of North Carolina, is the premier provider of real-time spreadsheet financial and Corporate Performance Management (CPM) analytics tools and author of the Global Data Analytic Suite. The Global Data Analytics Suite is comprised of Global's flagship products, Spreadsheet Server, a real-time financial analysis and reporting tool leveraging Microsoft® Excel, and Executive DASH™, a real-time enterprise reporting and analysis tool also leveraging Excel. These flagship products are compatible with widely used ERP packages such as BPCS™, Infinium™, MOVEX™, Oracle®, SAP®, JACK HENRY™ and J.D. Edwards™ and run on iSeries™/AS/400™, Oracle®, Microsoft® SQL Server and Microsoft® Access DB. Rounding out the suite is Budget Manager and Cost Analyzer. Other Global offerings include: General Ledger, Accounts Payable, Accounts Receivable, Asset Management, Purchase Order, and Inventory. Global’s leading edge Internet-based financials, known as iGPS™ and iGFS™ add to their diverse suite of offerings. Global's award-winning S*W*A*T (Software Walk Through) provides our customers with a unique implementation methodology and insures a quality level of service that is second-to-none in the industry.

Global has experienced significant growth over the last twelve months. Part of that growth has been propelled by the following: In November 2004, Global acquired Greensboro, NC-based GBA Systems, the premier provider of Fixed Assets Management System, Project Accounting Management System, Lease Accounting Management System, and nationally recognized School Safety Software. In August 2005, Global acquired the product lines of publicly traded Timeline, Inc. which include: The Analyst Financials Suite, as well as the WorkWise Enterprise Alerts software. In addition, the August 2005 acquisition included London, UK –based wholly owned subsidiary of Timeline, Inc., Analyst Financials. Global Software’s products are used in 39 countries; they support over 2,000+ customers and 4,000+ installations worldwide. In addition to Global’s corporate headquarters in RTP, NC, Global also has EMEA headquarters in London as well as distributors in the United Kingdom, Canada, Australia, Italy, Spain, Mexico, Chile, New Zealand, Germany, Switzerland, France, Denmark and Israel. Global Software Inc.’s World Wide Web address is http://www.glbsoft.com.

Trademark Acknowledgements: Executive DASH, iGPS and iGFS are registered trademarks of Global Software, Inc. Microsoft, Excel, Access, and SQL Server are trademarks of Microsoft Corporation. BPCS is a registered trademark of SSA Global Technologies, Inc. MOVEX is a registered trademark of Intentia. Infinium is a registered trademark of Infinium Software, Inc. DB2, iSeries, and AS400 are registered trademarks of IBM Corporation. Oracle, J.D. Edwards and PeopleSoft are registered trademarks of Oracle Corporation and their respective affiliates. MAPICS is a registered trademark of MAPICS, Inc. SAP is a trademark of SAP AG in Germany and in several other countries. JACK HENRY trademarks are owned by Jack Henry & Associates, Inc. Global Software, Inc. is not associated or affiliated with Jack Henry & Associates, Inc. in any manner. Jack Henry & Associates, Inc. has not endorsed, certified or approved any of Global Software, Inc.’s products for use in connection with the products of Jack Henry & Associates, Inc. Trade names referenced are the trademarks or registered trademarks of their respective manufacturers in the United States and/or other countries.

For more information contact
Holly Baldwin, Global Software, Inc., 919.865.5402, holly.baldwin@glbsoft.com