Financial Analytics Faces Adoption Challenges
Aberdeen User Survey Reveals Misunderstood Value Proposition

BOSTON, MA — April 22, 2002 - Aberdeen Group, a leading provider of technology market consulting and research, today released its latest research findings regarding financial analytics software. Using its Technology Forecasting Consortium, which comprises CIOs, CTOs, and other senior IT executives, Aberdeen gauges the market's awareness and perception of financial analytic applications, as well as intent to purchase -- both by application category and by technology supplier.

"Despite the hype created by software suppliers, the core value proposition of financial analytics software is not reaching users," says Alan Yong, Research Director of Financial Analytics. "That is unfortunate because these applications can provide a tremendous competitive advantage when properly implemented."

The report identifies user perception of the value of and drawbacks to financial analytic solutions, and it provides insight for suppliers to help focus their efforts.

"This report is a valuable tool to both users and suppliers hoping to capitalize on this timely technology," says Yong. "Aberdeen's key objective is to temper the enthusiasm for financial analytics software with the reality of deploying and using the technology."

For more information about "Financial Analytics Software: User Observations" visit www.aberdeen.com, or call Alan Yong at (617) 854-5354.

About Aberdeen

Since 1988, Aberdeen has been a leader in providing market analysis and positioning services that help business technology suppliers meet the challenge of establishing leadership in fast-changing markets. Aberdeen is headquartered in Boston, MA, and has research divisions in Palo Alto, CA; Fort Collins, CO; and Amsterdam, the Netherlands. Aberdeen is accessible via the Web at www.aberdeen.com.

Contact:
Alan Yong, Aberdeen Group
yong@aberdeen.com
(617) 854-5354