Centage Corporation Announces David Mahoney to serve on Advisory Board

Natick, Mass., May 28, 2009 – Centage Corporation, a leading provider of integratedbudgeting, forecasting and financial reporting solutions for small to mid-market organizations today announced that David Mahoney has joined Centage’s advisory board.

Mr. Mahoney, a Management Consultant and Private Investor, has a long history of leadership in the software analytics industry. He was most recently the CEO of Applix, a provider of business performance management and business intelligence software. In March of 2003 Mr. Mahoney became President and CEO of Applix Inc. where he had been a board member since 1991. Applix was acquired by Cognos Inc. in October 2007 for $350M representing a 20 times increase in market value in less than five years. Prior to that, he was CEO of Verbind, Inc. a provider of real-time behavioral analytic software and was the founder of Banyan Systems, a pioneer in distributed networking operation systems.

“Centage has a long, proven track record of delivering sophisticated yet easy-to-use business performance management solutions to the small to mid-size market,” said David Mahoney. “I am excited about the opportunity to build on that success and to propel the company forward.”

“Dave distinguishes himself by providing insightful strategic guidance” says Kamran Sassoon, Centage president and CEO. “His great depth of knowledge and experience in the high tech industry is invaluable. We’re excited to add him to the team and look forward to his contributions.”

About Centage

Centage is a leading provider of modern FP&A software solutions that empower Finance teams to lead the way to a stronger, more agile business. Our cloud platform, Planning Maestro, makes sophisticated budgeting, planning, and forecasting easy and accessible. Intuitive automation accelerates workflows and improves accuracy, enabling Finance leaders to deliver reliable information and meaningful insights at the speed of business today’s business. Centage serves over 10,000 users worldwide. Visit Centage.com, follow on LinkedIn, or visit the Centage Blog for the latest insights.

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Centage, Planning Maestro, and Budget Maestro are registered trademarks of Centage.

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