California Software Releases BABY/OLAP Version 2.0

BUENOS AIRES, Argentina, Oct. 17, 2003 -- California Software Corporation, (OTC: CAWC) the world leader in legacy extension products, and developer of the award-winning BABY, Unibol and LPS product lines, announced today that it has released its latest version of its Business Intelligence product, BABY/OLAP.

Ariel Iriarte, South American Manager, California Software said, "We have just released BABY/OLAP 2.0. The new release has created a new and faster query engine, a redesigned user interface and is easier to use and to understand. The new engine is self tuning, provides for a new statistical graphics engine that produces more reliable output and is much, much faster. This latest release is designed to capture an ever-increasing market for BI tools."

According to IDC, the market for BI software tools has experienced rapid growth over the past several years. In fact, IDC forecasts this market to grow to $11.8 billion by 2005 for a compound annual growth rate (CAGR) of 27 percent. This software market is dominated by end-user query and reporting and OLAP tools which account for 65 percent of the overall market. As software users moved to unlock their data assets from enterprise resource planning (ERP), customer relationship management (CRM), supply chain management (SCM) and legacy systems, the demand for BI software has increased. Such demand is expected to continue as organizations increasingly move from relying on software just to process transactions to using it to understand their enterprise data and thus be able to make better and faster decisions.

About California Software Corporation

California Software is a global provider of software and services for the legacy extension and financial services markets. The company is headquartered in Orange County, CA and has offices in North America, South America, Europe and Asia The Company's products are marketed under the brand names BABY, Unibol and LPS. California Software enjoys over 100,000 installations in 56 countries.

SOURCE California Software Corporation

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