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Leading distributed software development firm standardizes on MeetingSense 2.0

CoreObjects Saves an Average of $5,000 Per Power User Annually By Streamlining Meeting Process with MeetingSense

SAN DIEGO, Dec. 5, 2007 -- MeetingSense Software Corporation today announced that CoreObjects Inc., a leading provider of distributed cooperative software development services for commercial software vendors, has standardized their organization on MeetingSense 2.0, estimated to save CoreObjects up to $5,000 per power user in their 400+ person company.

Due to their heavily distributed meeting-rich environment CoreObjects needed a solution that would not only capture meeting notes, decisions, and help to manage action items, but would also improve the efficiency and professionalism of their company's meeting output. In addition they needed a solution that would require little or no training, that integrated with their existing habits, and that was affordable to deploy and maintain.

CoreObjects chose MeetingSense 2.0 as it provided them a simple but powerful way to properly prepare for meetings, and then collaborate by easily capturing and efficiently managing all of the essential information shared during meetings -- including audio, notes, key points, and action items; providing for full accountability tracking.

"We help companies launch products, so we are in meetings every day with clients where the decisions made have real dollar implications," said Patrick Ravenel, Senior Vice President of Delivery at CoreObjects. "Our business is about providing customers with complete visibility into the product development process. We need meeting notes and action items to be captured and distributed quickly and in a professional way. The benefits of MeetingSense became apparent as soon as we began using it. The first day, we had customers comment that they were shocked by how fast we distributed the meeting minutes and how they were so easy to use. MeetingSense helps us deliver on our promise of high predictability and productivity to our customers."

With MeetingSense 2.0, CoreObjects was able to create individual repositories for each user's meeting minutes and data shared in internal projects as well as external customer meetings. The repository is made available to the user via an organized, intuitive dashboard that makes finding meeting records and assigned action items incredibly simple. This makes it possible to find any meeting, action item, or document as well as all of its contents and related information in one spot in just a couple clicks.

Product use started with one individual and is currently being rolled out to much of the 400+ person staff of CoreObjects.

Since MeetingSense became available in November 2006, leading technology, financial services, education and government customers, including Cisco, Hewlett-Packard, Chase, Pfizer, Dell, Texas Instruments, LSI, The National Institute of Health and more than 250 other companies have purchased MeetingSense in an effort to make their meetings more efficient and their business more productive. The current version of MeetingSense has proven to save each power user between five and seven hours of time each week on average.

"From day one, CoreObjects has embraced MeetingSense, quickly realizing that the functionality is imperative to their business," said Hannon Brett, President, MeetingSense Software Corporation. "In addition to saving employees valuable time every day, CoreObjects's clients also directly benefit because they also experience more effective meeting outcomes."

CoreObjects gained the following benefits from MeetingSense:

-- CoreObjects estimates that MeetingSense has reduced time spent on their meeting lifecycles by around twenty five percent, or an average of 15 minutes per meeting per user. Assuming an average of eight meetings per week, and an average employee salary of $50 per hour, each MeetingSense power user saves around $5,000 annually.

-- High visibility for customers and more efficient deal closing (decreased cost of sales)

-- Faster, more productive meetings with customers and staff

-- Improved accountability within and outside of the organization for consistent predictability in delivering against milestones and deadlines

-- Low cost of ownership and zero training expense

About CoreObjects Software, Inc.

CoreObjects is the leader in Distributed Cooperative Software Development(TM) and partner to companies interested in building world-class software. CoreObjects provides the process and software development expertise necessary to bring commercially deployable software to market. Dozens of companies, backed by some of the most notable venture capital firms in the world, have depended on CoreObjects to build their software for them, driving billions of dollars in market capitalization and tens of thousands of end-users. CoreObjects builds software that builds companies and helps customers keep the promises they make to their stakeholders. CoreObjects is headquartered in Los Angeles, with strategic development centers in Bangalore, Delhi and Pune, India, as well as a satellite office in Silicon Valley.

About MeetingSense Software Corporation

MeetingSense Software Corporation (formerly Yon Software) was founded in 2004 by former IBM and Macromedia management to address the dire need among today's businesses for a simple, revolutionary and effective way to dramatically improve meeting information management and enhance meeting productivity. For more information, visit http://www.meetingsense.com.

Availability

MeetingSense is available for an introductory price of US $199 per license. Multi-seat and volume pricing is available. Visit: http://www.meetingsense.com/buy or call 1-888-761-1118 for more information.

Try MeetingSense in your organization free for yourself: http://www.meetingsense.com/go/trial.aspx, or join us for a live online demonstration given by a MeetingSense product expert: http://www.meetingsense.com/demos.



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