Centric Software Secures $14 Million Series B Financing

Investment Demonstrates Confidence in Centric's Ability to
Dominate PLM for Fast Moving Consumer Industries
SAN JOSE, Calif.--(Business Wire)--Centric Software, a leading provider of PLM for apparel and other
fast-moving consumer industries, today announced that it has closed
$14.3 million in series B venture capital financing. The funding round
was led by Oak Investment Partners and included Centric's current
investors: Masthead Venture Partners and BancBoston Ventures (a Bank
of America company). Centric will use the additional financing to
expand product development, sales and marketing efforts, and address
the growing market opportunity for Product Lifecycle Management (PLM)
technology solutions within Apparel, Footwear and Accessories (AFA),
and private label sourced products for the wholesale and retail
markets.

"We see a significant, untapped market for PLM within apparel and
other fast-moving consumer industries," said Bandel Carano, managing
partner at Oak Investment Partners. "Centric's innovative Product
Intelligence technology is elevating PLM for apparel and other
consumer industries to the next level. This unique technology combined
with the executive team's domain expertise in PLM will enable the
company to meet the specific requirements of these markets and become
the de facto PLM standard. Our investment in Centric underscores our
confidence in the company's market opportunity and ability to
execute."

"Apparel and other fast-moving consumer goods companies are under
intense pressure today to bring more products to market faster to meet
short market window opportunities, while simultaneously improving
margins and improving collaboration with suppliers," said Chris
Groves, president and CEO of Centric Software. "Our PLM solutions,
powered by our ground-breaking Product Intelligence technology address
these industry requirements, while also delivering the added benefits
of rapid implementation and end-user adoption, flexibility, and easy
integration with legacy systems. This funding highlights our distinct
position and will enable us to address the market opportunity in our
targeted industries."

Centric offers unique PLM solutions for AFA and other fast-moving
consumer industries. The company's powerful Product Intelligence(TM)
platform assures that everyone involved in the line planning, product
design, sourcing and supply chain processes has secure access to the
most up-to-date, comprehensive view of their products and product
lines, operations execution and business performance. Unmatched data
aggregation functionality within Centric's solutions allow all
information about the product--visual, data-based, text-based,
etc.--to easily be collected in a aggregate repository that is readily
accessed by any user without requiring specialized IT skills.
Centric's Product Intelligence(TM) capabilities provide multi-level
analysis and web-based dashboards to managers, allowing them to
quickly spot trends and exceptions. This combination of capabilities
helps product teams collect relevant information for product
initiatives, form action plans, execute those plans and assess
progress against business goals. Importantly, Centric's application
suite can be fully deployed in weeks rather than the months or years
typically required to implement traditional PLM solutions.

About Centric Software, Inc.

Centric Software is a leading provider of PLM for apparel and
other fast-moving consumer industries. The company's unique solutions
are built upon a Product Intelligence(TM) platform, which enables
multidisciplinary teams to collect all relevant information for any
product or program initiative, decide on the appropriate action,
execute on the initiatives and assess progress against business goals.
Global enterprises, such as Artsana, Best Buy, Bristol-Myers Squibb,
Coleman, Kiewit, Le Coq Sportif, Linens-n-Things, Moen, Timex and
United Stationers, use Centric's solutions to achieve top line revenue
growth and cost reductions. For further information on Centric
Software, please visit: www.centricsoftware.com.

Centric is a registered trademark of Centric Software and Product
Intelligence is a trademark of Centric Software. All other brands and
product names may be trademarks of their respective owners.

Reichert Communications, LLC
Jill Hara, 310-937-2723
jhara@reichertcom.com

Copyright Business Wire 2008