US Air Force Flies High by Standardizing on the Brio Performance Suite™Brio's Tools and Applications Provide US Air Force Finance Managers Access to Critical Budget InformationSANTA CLARA, Calif., January 9, 2002 -- Brio Software (Nasdaq: BRIO), a leading provider of next-generation business intelligence tools and applications that help Global 3000 companies and numerous government agencies worldwide achieve breakthrough business performance, today announced that the US Air Force has selected Brio Software to help integrate financial information from a variety of existing databases to develop a new budgeting system. The Air Force financial personnel will now be able to leverage all available information assets with personalized interfaces while operating in a secure mode. In addition, they will have access to real-time Web-enabled queries, reports and analysis. The Financial Information Resources System (FIRST), will replace three legacy budget systems to provide more than 5,000 finance managers, located in Air Force bases around the world, with an integrated, performance-based information system. The Air Force selected Brio to become its business intelligence standard over Oracle and Business Objects."An organization's ability to make informed financial decisions is of extreme importance in today's environment," stated Don Beck, executive vice president worldwide sales, Brio Software. "By utilizing Brio's solutions, US Air Force finance managers have the ability to improve and simplify how budgets are created and implemented, which will ultimately help drive better business performance throughout the organization." FIRST will be implemented at Headquarters Air Force, all Major Air Force Commands, Field Operating Agencies, Direct Reporting Units and base installations worldwide. With the deployment of Brio's Performance Suite, the US Air Force will have access to data from disparate data sources which will help meet critical business needs at all levels of the organization. Additionally, US Air Force specialists will be able to make more informed and timely financial decisions, improve funds control, implement budget processes and most importantly, ensure sufficient funds are available for various mission requirements. Numerous other U.S. government defense agencies are already realizing
the benefits of their Brio implementations including the U.S. Army Chief
of Naval Operation, Defense Intelligence Agency, Defense CEETA, Office
of the Secretary of Defense, Defense Finance Accounting Service, U.S.
Navy Surface Warfare Center, NAVAIR, Naval Undersea Warfare Center, Office
of Naval Research, Office of Naval Intelligence, U.S. Navy Medical Command,
USAF Air Mobility Command, USAF Material Command, USAF Special Operations
Command, USAF Medical and the National Security Agency. For more information
on how other customers are using Brio Performance Suite to their performance
advantage, visit Brio's Customer Video Reference Library on Brio's Web
site at http://www.brio.com/solutions/videolibrary.html. About Brio Software The Brio Performance Suite is a trademark of Brio Software. The statements in this press release regarding the results and improvements obtained based on the implementation of Brio Software applications within the US Air Force and other government agencies are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended. Such statements are subject to risks and uncertainties that could cause actual results to differ materially from those anticipated. Such risks and uncertainties include, but are not limited to, changes in business strategy, quality and integrity of data inside the Brio applications, limited resources for product installation and integration of the Brio Software applications at US Air Force sites, specific software versions at US Air Force sites, as well as Brio's future product direction and general economic conditions. For a more complete discussion of risk factors that could affect Brio's current and future operating results, see the discussions in Brio's reports filed with the SEC from time to time, including but not limited to Brio's Annual Report on Form 10-K for the year ended March 31, 2001 filed with the SEC on June 29, 2001 and Brio's Quarterly Reports on Form 10-Q for the quarter ended June 30, 2001 filed with the SEC on August 14, 2001 and for the quarter ended September 30, 2001 filed with the SEC on November 14, 2001. |