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Steelwedge Adds Enterprise Collaboration Innovator and Supply Chain Expert to Board of Directors

Taps Expertise of Former Jive Software Chairman and CEO, Dave Hersh, and Accenture Supply Chain Partner, David Anderson (January 10, 2012)

PLEASANTON, CA -- (Marketwire) -- 01/10/12 -- Steelwedge Software, Inc., the leader in cloud-based Sales & Operations Planning (S&OP) solutions, today announced the addition of Dave Hersh and David Anderson to its board of directors to help poise the business for continued blistering growth. The company nearly doubled in revenue, staff and global operations in 2011.

Today's volatile global business environment is driving worldwide demand for Steelwedge's Integrated Business Planning platform which enables global manufacturing companies to recognize and respond profitably to fluctuations in supply and demand. The solution drives collaboration and consensus among the sales, marketing, finance, operations and supplier communities within a global supply chain for a single line of sight from plan to performance to profit.

"Steelwedge is at an inflection point of opportunity with innovative, scalable technology, proven success at blue chip customers, and a phenomenal breadth of domain expertise. We are privileged to build on this foundation with the addition of two such exceptional business leaders to our board," said Glen Margolis, Chief Executive Officer of Steelwedge. "David Anderson brings unmatched knowledge and experience in supply chain management, transforming numerous enterprises' supply chains into world-class operations. And, Dave Hersh is a proven entrepreneur with a successful track record of driving and managing explosive growth for enterprise SaaS businesses. Their combined talents, expertise and insights will help us optimize our potential."

In a career spanning 35 years, David Anderson, Ph.d, has served as a supply chain leader, advisor and board member to several world-class organizations and is widely regarded as a pioneer in the field of supply chain management.

Dr. Anderson is a managing director of Supply Chain Ventures, a venture capital and consulting company specializing in SaaS supply chain, marketing and sales software investing, and serves as a senior strategic advisor to leading venture and private equity funds. Previously, he was a managing partner of supply chain consulting at Accenture. At Accenture, Anderson was instrumental in building the company's multi-billion supply chain management practice in North America, Asia and Europe. Prior to Accenture, Anderson was responsible for logistics in numerous executive positions, founded a software company, and taught at top tier universities including MIT and Northwestern. Anderson is a Fellow of the Chartered Institute of Logistics and Transport in the United Kingdom and a Member of the Council of Supply Chain Management Professionals in the United States.

Dave Hersh is an active investor and advisor to early stage companies with a focus on enterprise SaaS and social technologies.

Mr. Hersh was the Founding CEO and then Chairman of Jive Software, the hands-down leader of the Social Business Software revolution. In that role, his vision and leadership grew the company from its inception as a small open source project with no revenue, to a $55 million company. Jive went public last month and is now valued at nearly $1 billion. Prior to Jive, Hersh was the CFO at 4charity and a management consultant at VIA International. Dave has gained a reputation for his knowledge of how to build great companies, create and win markets, and assemble stellar teams.

Anderson and Hersh join current board members Glen Margolis, CEO of Steelwedge, and Jason Payne and Gavin Turner, Managing Partners at Mainsail Partners. Last September, Steelwedge announced a $16 million growth equity investment led by Mainsail to further fuel its powerful growth.

About Steelwedge
A pioneer in Integrated Business Planning, Steelwedge delivers Sales and Operations Planning solutions to global enterprises for a single line of sight from plan to performance to profit. Nobody knows when the next news headline or changing customer demand will throw their business off balance. Steelwedge meets today's business agility imperative with integrated sales, operations and finance planning solutions that provide the "shock absorbers" to react, respond and recalibrate in a volatile environment. Large global enterprises including Sony, Applied Materials, Canon, Spansion, Emerson, Enterasys Networks and NVIDIA trust Steelwedge to: understand fluctuating demand; determine financial impact of sales and capacity trade-offs; and measure performance against customer service targets.

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Didi D'Errico

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