Released on = February 20, 2006, 12:47 am

Press Release Author = Cézanne Software

Industry = Software

Press Release Summary = Cézanne Software and HRM Software announce their plan to
build the largest pan-European company focused on delivering innovative Human
Capital Management software solutions.

Press Release Body = BARI, Italy. LONDON, UK - February 16, 2006 - Cézanne Software
S.p.A. and HRM Software Ltd. today jointly announced they have signed a definitive
agreement to merge, approved by the boards of directors of both companies.

The merger brings together two of Europe's leading suppliers of Human Capital
Management software and will create a company of more than 500 large and mid-sized
customers in over 20 countries, together with a network of partners across Europe,
US, Latin America, Australia and part of Asia.

"With HCM solutions, customers are calling for local knowledge and global support"
said Alberto Gabbai, Chairman and founder of Cézanne Software. "By combining our
expertise and leadership in Southern Europe and Latin America with that of HRM
Software's in Northern Europe, US and Australia, we are uniquely positioned to
address this need."

The combined company will continue to focus on increasing employee motivation and
performance through collaborative e-HR applications.

Nick Bolton, Managing Director and founder of HRM Software, said. "We are a similar
size to Cezanne and share a common mission, common values and common technology. By
combining HRM Software's leadership in succession and talent management with
Cézanne's excellence in e-HR and compensation planning, we will increase our ability
to deliver and support effective solutions."

The transaction will be based on a share exchange, and the details will be finalized
during the next few weeks as both companies take the required steps to complete the
merger.



About Cézanne Software

Cézanne Software help organizations increase employee performance with collaborative
solutions for human capital management.

Founded in 2000, Cézanne Software has offices in Italy, France, Spain, Portugal, UK,
US and Venezuela, and over 300 company clients worldwide. Clients include Carrefour,
Luxottica, Fiat, Banca Intesa, Illy, Gucci, Ferrari, Ibercaja, Banesco.

The company has affiliates and an active network of distributors in Europe and Latin
America, and Cézanne Software's products are integrated in the solutions of two
leading European HR providers: Byte Software House and Cegedim SRH.

For more information, visit the company\'s Web site at www.cezannesw.com


About HRM Software

Established in 1986, HRM Software pioneered software systems to support succession
planning and leadership development within large organisations. Today, the company
offers web native solutions for human capital management, HR administration,
organisation charting and pay review.

HRM has implemented solutions for many leading organisations across a wide range of
business sectors. Clients include BT, Philips International, Heineken, Standard
Chartered Bank, Vodafone, Co-operative Financial Services, ING Group, Rio Tinto and
InterContinental Hotels Group.

The company also has an established network of distributors worldwide including the
US, Australia, Germany, Greece, Mexico and Italy. HRM's organisation charting tool,
HRCharter, is integrated in HR information systems developed by Vizual, Intellect,
Northgate (Rebus), Schlumberger Sema, and Authoria.
For more information, visit the company\'s Web site at www.hrmsoftware.com



Web Site = http://www.cezannesw.com

Contact Details = HRM Software Limited
Sue Lingard
46 Loman Street
London SE1 0EH - United Kingdom
slingard@hrmsoftware.com
Tel.+44 (0)20 7202 9300
Fax +44 (0)20 7202 9321


Cézanne Software
Angelica Coviello
via G. Amendola 172/c
I-70125 Bari ITALY
angelica.coviello@cezannesw.com
Tel. + 39 080 5498411
Fax + 39 080 5498430