SAN FRANCISCO — Oct. 9, 2007 — The Board of Directors of Maxager Technology, Inc. today announced that Karl Perron, Maxager’s chief operating officer, has been named Chief Executive Officer and President and appointed to the board of directors. Michael Rothschild, Maxager’s Chief Executive Officer since 1996, has been named Vice Chairman of the Board, also effective immediately.

Rothschild is the Founder of Maxager and has successfully led the Company for 11 years. He originated the concept of Profit Velocity™, a groundbreaking sales and operations planning tool that helps process manufacturers align the efforts of their sales, manufacturing and finance teams around what matters most to shareholders: profitability. Known in industry circles as the “Dr. Deming of Profitability,” Rothschild will continue to serve as chief spokesman for the company and play a major role in the further commercialization of Maxager’s Profit Velocity™ solution.

“Karl Perron came to Maxager to accelerate the growth of the company. He has a strategic vision for stimulating Maxager’s sales by extending our patented Profit Velocity™ optimizer and linking it to the world’s leading corporate performance management software packages made by SAP, Oracle, and Microsoft,” said Rothschild. “We are very fortunate that he left an incredible career at SAP in order to lead Maxager. The entire Board is confident that Karl’s experience and drive will enable Maxager to realize its true potential.”

“I am honored and excited to be a key part of Maxager’s organization and look forward to working with its outstanding leadership team and Board of Directors,” said Perron. “Maxager is the leader in Profit Velocity™ optimization for process industries worldwide. Its many assets include innovative technology, a fantastic product development team, key intellectual property, and massive potential demand for our product in the world’s rapidly growing process industries. I look forward to extending Maxager’s reach as a leader of profitabilitybased integrated planning solutions by bringing our next-generation solution to customers and partners all over the globe.”

Louis R. Hughes, Maxager’s chairman, said that the changes are in full alignment with Maxager’s current strategy for sustained, rapid growth.

“Through his innovations, Michael has given the industrial world a new lens to view their business requirements in an entirely different light, enabling our customers to dramatically increase their profitability by focusing the planning process around return on assets (ROA). We are very grateful for Michael’s vision and insight. ” said Hughes. “As we worked with Karl, we were impressed by his deep understanding of what it takes to make an enterprise software company successful. Moreover, his straightforward style has won the respect of employees, customers, and investors alike.”

“Karl will lead the Company to the next level, making Maxager and its Profit Velocity™ optimization engine a core element in sales and operations planning systems worldwide. This partnership of past and present leadership is the key to Maxager’s future, and we feel we are very fortunate to have both Michael and Karl working together for the benefit of our shareholders, partners, and customers,” concluded Hughes.

About Maxager Technology
Founded in 1996, Maxager’s patented enterprise profit optimization (EPO) solutions help leading chemicals, metals, electronics and other complex manufacturers such as Dow Chemical Company, Severstal, Owens-Illinois and Siliconware Precision Industries increase cash and profit worth 3-5% of revenue. Uncovering profit gain opportunities that are obscured by traditional “margin only” analysis, Maxager uses both margin and production velocity information to analyze history and generate realistic forward modeling that provides management teams an entirely new level of control over Return on Assets (ROA) — the key driver of shareholder value. Ideal for manufacturers with a wide range of products, customers and assets, Maxager’s unique technology calculates precisely how fast each product, customer, or market generates cash and profit from the assets, allowing managers to truly optimize product mix & customer mix profitability, sales & profit planning, strategic pricing, and production planning. New customers typically begin reaping benefits within 60 days. Maxager is headquartered near San Francisco with offices in Europe and Asia.