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May 10, 2005

Servigistics Named a Finalist on Red Herring's "Top 100 Private Companies" List

Servigistics is the only service parts management solution provider to achieve finalist status

ATLANTA – May 10, 2005 – Servigistics, the leading provider of service parts management solutions, today announced that it has been selected as a finalist for Red Herring Magazine’s list of the top 100 private companies in North America.

Selected from nearly 1,000 candidates, Servigistics is the only service parts management solution provider to make the finalist list. Servigistics serves 100% referenceable, market-leading clients across a variety of industries worldwide, including aerospace, automotive, high technology, medical equipment and telecommunications equipment, and acquired more new clients in 2003 and 2004 than all of its competitors combined.

"There were many strong candidates for the Red Herring 100 list this year, so making it onto the list is quite an achievement," said Joel Dreyfuss, Editor-in-chief of Red Herring. "In the post-bubble era, North American technology companies have focused on making sure management is strong and that the business model makes sense."

“We are pleased to be the only service parts management solution provider among the finalists for Red Herring’s top 100 private companies list,” said Eric Hinkle, Servigistics CEO. “Being recognized as a leader among more than 1,000 privately-owned companies is certainly an honor, and being the only finalist in our industry is a reflection of our commitment to client success, the unparalleled value we deliver, the excellence of our solution and the capabilities of our team.”

The Red Herring Top 100 Private Companies Finalist List is one of many recent honors Servigistics has received, including Dell’s Service Supplier of the Year Award, Sun Microsystem’s Meritorious Supplier of the Year Award, a spot on the most recent Supply and Demand Chain Executive 100 list, and for the third year in a row, a spot on the Atlanta Business Chronicle’s PaceSetter list of the top 50 fastest-growing private companies in Atlanta.

About Red Herring

Red Herring covers technology innovation, venture financing, and the deals that make a difference. Its award-winning journalists go deeper, providing a comprehensive, critical analysis of what's new and why it matters. Red Herring covers the business trends with insight that counts, serving today's entrepreneurs and the technology of tomorrow. Head to www.RedHerring.com for articles, newsletters, and research reports that matter. To subscribe to the Red Herring Magazine call 866-311-9582 or email redherring@neodata.com.