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Peregrine Systems(R) CEO Joins Board of the Information Technology Association

26 February 2005

Peregrine Systems (OTC: PRGN - News) announced today that John Mutch, its president and CEO, has been elected as a member of the Information Technology Association of America's (ITAA) Software Division board of directors.

"We're delighted to have John join our board," said John Schwarz, chairman of ITAA's Software Division board and president and COO of Symantec Corp. "A seasoned software veteran, John brings strong leadership, extensive technology experience and a deep, passionate commitment, which will help foster the growth of the software industry. This year will be an exciting one for us, and the entire ITAA team certainly looks forward to working closely with our new board."

Mutch commented, "As a market leader in asset and service management, Peregrine has helped thousands of customers maximize the efficiencies of their IT infrastructure through best-of-breed solutions and industry best practices. Serving on the ITAA Software Division board will open new opportunities to share our vision, exchange innovative ideas and work together with industry leaders to implement initiatives that will strengthen the software industry."

Mutch joined Peregrine as a member of its board in March 2003 and became president and CEO in August 2003. He currently serves on Peregrine's board as a member of the Executive Committee. Previously, he was president and CEO of HNC Software until it was acquired by Fair Isaac in August 2002. From 1994 to 1997, Mutch was the founder and general partner of MVenture Holdings, Inc., a special situation private equity fund that invests in public and private technology companies. Prior to that, he spent seven years at Microsoft in sales and marketing executive positions. Mutch currently serves as a member of the board of directors of Overland Storage, Inc., and he is also an honorary board member of the Classroom of the Future Foundation.

About ITAA

The Information Technology Association of America (ITAA) provides global public policy, business networking, and national leadership to promote the continued rapid growth of the IT industry. ITAA consists of over 380 corporate members throughout the U.S. The Association plays the leading role in issues of IT industry concern including information security, taxes and finance policy, digital intellectual property protection, telecommunications competition, workforce and education, immigration, online privacy and consumer protection, government IT procurement, human resources and e-commerce policy. ITAA members range from the smallest IT start-ups to industry leaders in the Internet, software, IT services, ASP, digital content, systems integration, telecommunications, and enterprise solution fields. For more information visit www.itaa.org. ITAA is secretariat of the World Information Technology and Services Alliance, consisting of 70 IT trade associations around the world.

About Peregrine Systems

Peregrine Systems, Inc. develops enterprise software solutions that enable organizations to evolve their IT service and asset management practices for reduced costs, improved IT productivity and service, and lower risk. The company's asset and service management offerings -- ranging from Peregrine Asset Tracking and Peregrine Service Establishment to Peregrine Asset Optimization and Peregrine Service Optimization -- address specific business problems. These solutions make it possible for IT organizations to maintain a changing IT infrastructure, manage their relationships with end-users and service providers, and gain greater visibility into how their IT investments are performing. The Peregrine Evolution Model provides a roadmap for companies that want to systematically evolve the sophistication and effectiveness of their IT operating practices.

Founded in 1981, Peregrine Systems has sustained a rich tradition of delivering solutions with superior functionality to a broad segment of the global enterprise customer market. Headquartered in San Diego, Calif., the company conducts business from offices in the Americas, Europe and Asia Pacific. For more information, please visit: www.peregrine.com.

Peregrine Systems is a registered trademark of Peregrine Systems, Inc. or its affiliates. All other marks are the property of their respective owners.

For further information please contact: Media Relations, MeeLin Nakata of Peregrine Systems, Inc., +1-858-720-5609, meelin.nakata@peregrine.com; or Media Relations, Linda Findley of Text 100, +1-415-836-5990, peregrine@text100.com, for Peregrine Systems, Inc.; or Investor Relations, Heidi Flannery, +1-503-203-8808 ext. 103, heidi.flannery@ficomm.com, for Peregrine Systems, Inc.



Source: Yahoo News


All trademarks and copyrighted information contained herein are the property of their respective owners.


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