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Peregrine Systems(R) Achieves Leadership Status in METAspectrum(SM) Asset Portfolio Management Tools Report SAN DIEGO, Nov. 13 /PRNewswire-FirstCall/ -- Peregrine Systems, Inc. , a leading provider of Consolidated Asset and Service Management solutions, today announced that it has been ranked among the market leaders in META Group's recently released METAspectrum for Asset Portfolio Management Tools. META Group is a leading research and consulting firm that focuses on information technology and business transformation strategies. The new METAspectrum evaluation report provides an objective assessment of the IT asset management market and vendors, enabling IT professionals to view critical success factors and make informed purchasing decisions. These target buyers range from technical managers solving point problems to senior-level IT executives seeking enterprise-class repositories that provide asset-related information. According to the report, published yesterday, the market is expected to continue to grow for the next three to five years with spending on asset management products moving from being historically discretionary toward a non-discretionary basis. This spending trend is driven primarily by organizations' increasing desire to manage IT costs on a more sustainable basis, and a key element of asset management solutions is their ability to enable users to understand and manage the cost and inventory of IT assets. Peregrine has been positioned as a leader in the METAspectrum analysis and was specifically recognized for having strategies that are aligned with larger IT organization and corporate issues. In addition, the report stated that Peregrine's AssetCenter is remarkably intuitive and provides broad and deep functionality in such technology areas as configuration/change management, procurement, license/contract management, workflow, reporting and analysis, integration and scalability. Other notable areas for Peregrine include strong business drivers, geographic presence, support and consulting services and skilled personnel. "Leaders in this market have demonstrated the ability to understand the market dynamics, and have the ability to deliver enterprise-wide solutions that are positioned to support larger initiatives," said William Snyder, senior analyst for Meta. "Solutions like the one offered by Peregrine are essential as large enterprises strive to optimize their IT investments and manage their usefulness for the business. The ability to consolidate the management of assets with services provides IT organizations with consistent, cross-enterprise views of assets." Peregrine CEO, John Mutch, said, "We are pleased by our leadership rating in the METAspectrum report. We will continue to deliver innovative technologies to the global organizations that rely on our asset management solutions to reduce cost and increase productivity. AssetCenter, especially when implemented with ServiceCenter, allows CIOs and enterprise IT departments to run more efficiently, meeting business objectives and serving the company's needs." Global enterprises select Peregrine's Consolidated Asset and Service Management solutions -- which feature its flagship AssetCenter and ServiceCenter products -- for their proven ability to introduce new efficiencies and cost savings to the enterprise, thus allowing IT departments to operate in alignment with business goals. Peregrine's integrated enterprise software enables organizations to manage assets and streamline global service management operations. AssetCenter is specifically designed to help enterprises manage the physical, financial and contractual aspects of their IT and related assets "We developed METAspectrum to enable IT professionals to quickly evaluate vendors based on their ability to deliver on the presence and performance criteria that matter most in a given market," said Corey Ferengul, Senior Program Director, META Group. "With the shift toward higher-value services in the web hosting market, performance as demonstrated with existing customers is substantially more important than a vendor's market presence. Well-defined services and high-levels of customer satisfaction are key in this space" About METAspectrum METAspectrum(SM) evaluations from META Group (NASDAQ:METG) provide IT professionals with a view into critical market success factors and vendor positioning. METAspectrum delivers comprehensive evaluations of both technology markets and vendor product offerings. There are multiple market evaluations planned for release in 2003 and beyond. METAspectrum evaluations are updated quarterly, biannually, or annually, depending on the characteristics of individual markets. To view completed market evaluations, or learn more about the METAspectrum methodology, visit http://www.metagroup.com/metaspectrum . METAspectrum(SM) market evaluations and results are the sole property of META Group, Inc. and are Copyright (C) 2002 META Group, Inc. All rights reserved. Permission to use the results requires prior written approval from META Group, and should not be deemed an endorsement of any company or product. About Peregrine Founded in 1981, Peregrine Systems, Inc. develops and sells enterprise software to enable its 3,500 customers worldwide to manage IT for the business. The company's Consolidated Asset and Service Management offerings allow organizations to improve asset management and gain efficiencies in service delivery -- driving out costs, increasing productivity and accelerating return on investment. The company's flagship products -- ServiceCenter and AssetCenter(R) -- are complemented by Employee Self Service, Automation and Integration capabilities. Peregrine is headquartered in San Diego, Calif. and conducts business from offices in the Americas, Europe and Asia Pacific. For more information, please visit: http://www.peregrine.com/. Peregrine Systems, ServiceCenter and AssetCenter are registered trademarks of Peregrine Systems, Inc. All other marks are the property of their respective owners. DATASOURCE: Peregrine Systems, Inc. CONTACT: MeeLin Nakata of Peregrine Systems, Inc., +1-858-720-5609, ; or Andrew Williams of Text 100, +1-415-836-5990, , for Peregrine Systems, Inc. Web site: http://www.metagroup.com/metaspectrum Web site: http://www.peregrine.com/

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