Borders Group, Inc. Chooses OutlookSoft to Provide Strategic Business Performance Management Solution

Global Retailer of Books, Music, and Movies Selects Enterprise Analytic Portal® to Enhance Financial Productivity

STAMFORD, Conn. (August 20, 2002) OutlookSoft Corporation, the global innovator of a unified business performance management (BPM) solution, today announced that Borders Group, Inc. (NYSE: BGP) has chosen the OutlookSoft Enterprise Analytic Portal (EAP) to improve the company's business performance management processes. Borders Group, with posted revenues of approximately $3.4 billion in 2001, will use EAP to more effectively understand and manage organizational performance as well as improve upon current budgeting, consolidation, analysis, and reporting processes.

"Borders was looking for a BPM solution that would maximize the productivity of our planning cycle and streamline various analytical processes. OutlookSoft provides Borders with a customizable EAP solution that gives us enhancements to process controls related to planning and analysis. EAP also leverages familiar Web browser and MicrosoftÒ Excel environments, which has made it extremely easy for us to set-up, train users, and administer," said Gregg Bodnar, vice president of finance, Borders Group.

EAP offers Borders a unified, single application for budgeting, consolidation, analysis, and reporting capabilities. With the ability to link structured data (residing in corporate databases) to unstructured data (originating internally on employee desktops and/or externally) such as PowerPoint® presentations, email attachments, Excel spreadsheets and Web site links, EAP is designed to facilitate a comprehensive, collaborative business environment across the extended organization to better understand company performance, both financial and beyond.

"Borders Group has become a global icon in the book and music retailing arena," said Mike Morini, chief operating officer, OutlookSoft. "Their success is evidence that Borders places a high priority on delivering both customer value and corporate results. We are pleased to partner with them in their continued growth and attainment of future strategic goals and objectives."

About Borders Group
Borders Group, Inc., is a leading global retailer of books, music, video and other information and entertainment items with stores in the United States, United Kingdom, Australia, New Zealand, Singapore, and the commonwealth of Puerto Rico. A FORTUNE 500 company headquartered in Ann Arbor, Mich., Borders Group employs 32,000 employees worldwide and operates over 375 Borders domestic superstores, 23 International Borders stores, 36 Books etc. locations and 815 Waldenbooks stores. Teamed with Amazon.com, the company also offers online shopping through www.borders.com.

About OutlookSoft Corporation
OutlookSoft Corporation is a leading provider of business performance management (BPM) software that enables companies to plan, understand and leverage their performance - financial and beyond - from a single, unified application. The company's Web-based solution, EAP, delivers real-time consolidation, analysis, budgeting, planning, forecasting, reporting, and process management to managers across the extended enterprise. By linking structured data (database-driven) to unstructured data (originating at employee desktops) and leveraging familiar, easy to use environments like Microsoft Excel and a standard Web-browser, EAP facilitates the user-friendly exchange of organizational knowledge to every manager throughout the enterprise. OutlookSoft also provides consulting, training, implementation, and ongoing product/client support services.

In the past year, OutlookSoft received industry recognition- most recently, by Computerworld as a Top 100 Emerging Company for 2002; by Intelligent Enterprise as one of 48 Companies to Watch; and by DM Review to the 100 List for 2001.

Founded in 1999 and headquartered in Stamford, Connecticut, OutlookSoft is financed by Pequot Ventures, GE Equity, ML Taurus, and Merrill Lynch Ventures. Since its founding, OutlookSoft has secured nearly one hundred customers across many diverse industry segments in both the United States and Europe.

Visit www.outlooksoft.com or call 203 964.3100 for more information.

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Public Relations & Press Contacts:

Jessica Brier
Waggener Edstrom for OutlookSoft Corporation
203-564-1602
jessicab@wagged.com

Tania Sawa-Priatka
OutlookSoft Corporation
203-964-3100 x124
tpriatka@outlooksoft.com





2002 OutlookSoft Corporation

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