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OLM Group Acquires leading On-Demand Project Collaboration provider

8th November 2006. OLM Group (“OLM”), the UK’s largest independent supplier of information solutions for children’s and adult services, today announced the acquisition of Projxsoft, a leading independent provider of on-demand project collaboration in the UK. The acquisition will strengthen OLM’s services to the Public Sector by incorporating Projxsoft’s project management capability into its core product offerings.

Projxsoft delivers innovative technology and managed services, making it as easy as possible to create, share and manage business critical project information. Analysts including IDC and Gartner have identified project and portfolio management (PPM) solutions as a key emerging trend, and OLM believes that the acquisition of Projxsoft enhances its position as a provider of choice to progressive public sector organisations.

Peter O’Hara, CEO and Founder, OLM Group, commented: "OLM’s Public Sector customers are increasingly adopting "project-centric" models of working as they respond to the demands to improve their services and performance. The addition of Projxsoft to OLM's existing portfolio will enable us to strengthen our service and support to these customers.

He continued, “Projxsoft’s solutions help people to work together and work smarter by enabling them to collaborate across organisational, team and project boundaries. The acquisition of Projxsoft will not only be revenue enhancing but greatly strengthen OLM's strategy to diversify into the related markets that build on our existing strength in Local Government. We look forward to working with the existing management team to support the continued success of the business.”

Ian Mitchell, CEO of Projxsoft added, “Our commitment to our customers remains our absolute priority. Access to OLM’s expertise and resources will not only help us realise our vision of making Projxsoft the project and portfolio management partner of choice for progressive public sector organisations, but also create the opportunity for us to extend the Projxsoft vision in new areas.”

About OLM Group

OLM Group is the UK’s largest independent supplier of information solutions for children’s and adult services. Customers include over 87 local authorities as well as over 100 other social care providers.

The company provides an integrated portfolio of products and services: CareXchange, a multi-agency integration framework; OLM Professional Services; CareFirst, person-centric case management solution; bettercaring, a care home bed vacancy information service; CareKnowledge, a best practice knowledge portal for social care.

Since its inception in 1991, OLM has enjoyed year-on-year organic growth with a turnover of £13.1 million in 2005/06. Headquartered in Teddington, Middlesex, OLM employs 147 staff and has offices in Glasgow and Oxford.

Please visit www.olmgroup.com for more information.

About Projxsoft:-

Founded in 1999, Projxsoft delivers a range of innovative products and services focussed on delivering enhanced project management and collaboration capabilities, including:

• Work.Together – Web-based product automating key project processes, whilst at the same time ensuring discipline and purpose across teams.

• Work.Together Service Desk - designed as a turnkey solution to enable the impact business change projects have on organisations, simultaneously satisfying the demands for proof of best practice and auditability on behalf of stakeholders and partners, whilst at the same time reducing the project management overhead on the organisation’s key business professionals.

Please visit www.projxsoft.com for more information.

ENQUIRIES:

Nicola Males
Males PR
Tel: +44 (0)1932 830294 or +44 (0)7976 652491
Email: nicola@malespr.co.uk