NISCO Opens St. Louis Office

Bolsters Enterprise and Telecom Spend Management Software

FAIRFAX, VA - April 4, 2005 - NISCO, an industry-leading innovator of the first paperless, enterprise-wide invoice and financial management platform, today announced that it has opened an office in St. Louis, MO which will be staffed by seasoned industry professionals.

"The opening of this office, led by Linda Cross, Denise Parker, Denise Biekert, and Chris Groves, places us closer to several of our large clients, while also significantly bolstering our spend management analysis capabilities," said Christian Auzias de Turenne, Director Enterprise Applications. "Their considerable expertise and fifteen years average experience dedicated to recovering hundreds of millions of dollars for Fortune 500 companies further strengthens NISCO's spend management platform and automated analytics tools."

"We're pleased to add such a talented group in one office," said NISCO Chairman, President and Founder Sundeep Sanghavi. "They will have an immediate positive impact on many of our prestigious clients, while also helping us to expand our customer base."

At the same time, NISCO announced the full production of the latest release of its financial analytics tool, NISCO Telecommunications Financials, which fully automates the receipt, processing, auditing, analysis, and payment of all forms of telecommunications invoices (including paper and electronic formats) for enterprises and large telecommunications companies.

About NISCO

Based in Fairfax, Virginia, NISCO is focused on delivering the only 100 percent paperless and J2EE web-based enterprise financial assurance management platform. Named as a finalist for the 2004 American Business Awards Best Product of the Year, NISCO's software platform is designed to perform complete procurement to payment processing, while providing visibility to valuable financial data and analysis. NISCO prides itself in providing managed service and technology solutions that pay for themselves in less than twelve months. Clients include several Fortune 100 companies, as well as the largest IT consulting company in the world. Founded in 2001, NISCO combines superior technology with unparalleled cost management expertise to deliver optimal solutions for enterprise, telecommunications, and government clients. NISCO (www.niscosolutions.com) is a privately-held company and has offices in Fairfax, VA; Bangalore, India; San Ramon, CA; Denver, CO; Woodbury, CT; and Rochester, NY.

NISCO Public Relations Contact
Rachel Kelley
(703) 995-5900