Ron Posner Joins Razorsight's Board of Directors

Proven Software CEO Strengthens Board

FAIRFAX, VA - August 8, 2005  - Razorsight, a leading innovator of enterprise expense management software, today announced that Ronald S. Posner has joined its Board of Directors.

Mr. Posner is a well-respected, proven software executive having led many companies to considerable success over the last 30 years, including roles as CEO of Peter Norton Computing, WordStar and Ansa and as a senior executive role at Ashton-Tate.

"Ron is an impressive executive with numerous successes as a CEO and venture investor," said Razorsight CEO Charlie Thomas. "He is connected around the globe, and will add immense value at the Board level and in aiding our expansion." Mr. Posner stated, "I'm excited to work with the management team at Razorsight, I'm impressed with Charlie's experience and Sundeep's vision, and feel the company has differentiated technology and tremendous growth potential."

Mr. Posner has been a leader in the consolidation of the high technology, internet and software industries for more than 30 years. He led two successful liquidity events in the computer services business in the 70s at National Training Systems, which he co-founded and sold to Safeguard Scientifics (SFE), and Tratec, which was taken public and then sold to McGraw-Hill.

He then led consolidations and turnarounds in the PC software industry from the early 80s to the mid-90s as CEO of Peter Norton Computing, which he merged with Symantec (SYMC); as CEO of WordStar, which he merged with The Learning Company to create over $3B in market value after 20 consumer software acquisitions; and at Ansa Software (CEO role) and Ashton-Tate (Exec VP role), both of which were merged into Borland (BORL). He was an investor and board director of CyberMedia, which was sold to Network Associates (NET), and SmallWorld in the UK, which was sold to General Electric. He was also an early investor in Segue Software (SEGU).

Mr. Posner then participated in the growth and consolidation of the internet industry, starting in the mid-90s, as a start-up investor/board member in such companies as Match.com, now part of InterActiveCorp (IACI); Spinner.com, now part of AOL; NetAngels/Firefly, now part of Microsoft; Rival Networks, which was sold to Terra-Lycos; Flipside.com, which was sold to Vivendi, and Click2learn that was merged with Docent to form Sum Total Systems (SUMT). He remains an active investor in www.iwin.com.

Starting in 2000, his investment group, PS Capital, focused on the telecom/wireless industry, and invested in the turnarounds at Novatel Wireless (NVTL) and Comdial (CMDZ), and funded Popular Telephony, a VOIP company. Recently, he has been involved with the purchase of venture groups in Europe in secondary transactions with PEMG on their Viventures purchase from Vivendi and SaintsVC on several others.

Mr. Posner also serves on the boards of eChinaCash, Trinity Learning and Puresight, and is an investor in several VC Funds, including NEA and JP Morgan H&Q Fund. He was also an E.I.R. at Mayfield Fund. He received his MBA from Harvard Business School and a BS Math degree from Rensselaer.

Public Relations Contact
Vy Nguyen
vy.nguyen@razorsight.com
(703) 995-5903