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Business Intelligence Software Applications Strengthened for Global Spend Management

FAIRFAX, VA - July 11, 2005 - NISCO, a leading innovator of expense management software, today announced that it has changed its name to Razorsight (www.razorsight.com).

Since its inception four years ago, Razorsight has quickly emerged as an industry leader in expense management for the nation's largest telecommunications companies by redefining and automating numerous manual processes in the monthly auditing, reconciliation and payment of multi-billion-dollar expenses. Razorsight's unique software is used by a number of Fortune 500 corporations including Verizon, AT&T, Qwest, MCI and others to automate the conversion of thousands of paper and electronic invoices and contracts into an Oracle database (Nasdaq: ORCL), thereby providing unmatched visibility and mechanized auditing of their largest expense.

"The name change reflects the essence of our software platform," said CEO Charlie Thomas. "Our proprietary ability to scan and extract unstructured data from any invoice, contract or purchase order and digitize that wealth of valuable, but previously underutilized, financial information into a database and user-friendly web portal provides CFO's with business intelligence and analytics on 100% of their expenditures, thereby vastly improving spend management. Moreover, the strength of our audit engine and reporting tools, as well as our ability to automate a number of manual processes, provides an unparalleled level of savings and a guaranteed ROI of less than one year, while also greatly enhancing Sarbanes-Oxley compliance."

Razorsight's software and business process outsourcing (BPO) platform has also automated revenue assurance and contract management.

"Three years ago, many folks were skeptical of our extract technology and some competitors still question our ability to do this. However, we now process over 1 million paper invoice pages on a monthly basis representing over $25 billion in annual expenditures. Now, many of our clients have inquired about leveraging the strength of our proprietary software to process more than telecom invoices," said Razorsight founder and Chairman Sundeep Sanghavi. "As a result, we've drawn upon the strength of our technology, as well as our incredibly talented team of developers in Bangalore, India, to vastly enhance the strength of our applications to provide executives with visibility and spend management control across the enterprise."

About Razorsight

Based in Fairfax, Virginia, Razorsight is a visionary software company that enables businesses to gain a precise view into their mountains of data, thereby allowing them to realize its tremendous, but previously unattainable, value. Razorsight delivers an enterprise global spend management platform that is dramatically transforming the way corporations manage, process and audit invoices and perform revenue assurance while providing a new level of visibility for finance executives. Razorsight's software scans and reads any invoice format, as well as contracts, therein providing a unique and automated process for every invoice a corporation receives. Unlike existing spend management platforms which automate elements of procurement, Razorsight's technology provides a completely new paradigm in enterprise expense management. Razorsight has successfully implemented its solution at several Fortune 500 corporations, saving billions in expenditures, thereby providing a return on investment in less than one year.

Razorsight's proprietary conversion tool accurately converts information in any format - paper, electronic, digital media, etc. - without human intervention to an Oracle database (Nasdaq: ORCL), and then utilizes unparalleled reporting via Business Objects (Nasdaq: BOBJ). Razorsight dashboard, query and search tools provide invaluable executive management capabilities. Founded in 2001, Razorsight delivers solutions for enterprise, telecommunications and government clients. Razorsight (www.razorsight.com) is a privately-held company and has offices in Fairfax, VA; Bangalore, India; St. Louis, MO; Denver, CO; Woodbury, CT; and Rochester, NY.

NISCO Solutions Changes Name to Razorsight