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PowerPlan Establishes Presence in Canada

Industry leader expands in Canada to enhance client relations and to capitalize

Atlanta, GA and Toronto (February 29, 2012) PowerPlan, the leading provider of project, asset accounting, tax, budgeting and analytic solutions for asset-intensive businesses, today announced its expansion into Canada. Michelle Madsen, formerly a member of the BC Hydro finance team, will serve as vice president of Canadian Industry Solutions and will be responsible for all market strategy and solutions within Canada.

"PowerPlan's expansion reflects our commitment to serving the needs of our growing global client base," said John Andrus, CEO for PowerPlan, Inc. "Michelle’s valuable finance experience, coupled with PowerPlan’s proven track record of delivering immediate, measurable value to asset-intensive companies, will enable us to better serve our existing clients, while enabling us to capitalize on new opportunities throughout Canada."

"In today's competitive global market, asset-intensive companies must optimize the financial performance of their assets to increase revenue and profitability while mitigating compliance risk," said Madsen. "PowerPlan's proven track record of successful deployments with leading clients such as Alta Gas, TransCanada and Nova Scotia Power as well as the diverse product offering best position us to help asset-intensive companies achieve their business goals."

Madsen brings more than 16 years of utility finance experience to the PowerPlan team. At BC Hydro, she served in senior roles including regulatory, budgeting, tax, accounting standards and operational accounting. In addition, Madsen brings a client focus and knowledge of multiple industries from positions held with Ernst & Young.

Madsen will be joined by industry veteran Bob McFadden. McFadden brings more than 25 years of experience in enterprise software including development, support and sales, with extensive background in the mining and utility industries. Prior to joining PowerPlan, he held executive positions at Axon, Mincom and Ventyx. McFadden will have responsibility for PowerPlan's growth in the Canadian market and the mining industry.

About PowerPlan: PowerPlan software provides financial insight into how complex rules and regulations impact your organization – empowering you to make credible decisions that improve overall corporate performance. The integrated solution provides complete visibility starting with forecasting and monitoring to scenario planning and analytics while maintaining financial compliance. For more information, email info@powerplan.com or visit www.powerplan.com.

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For more information contact:
Tiffany Smith
678.223.2711
pr@powerplan.com

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