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GARTNER PLACES MINDFLOW IN THE VISIONARY QUADRANT FOR STRATEGIC SOURCING

PLANO, TX - MindFlow Technologies, Inc., the pioneer of Strategic Sourcing automation, today announced that leading research and advisory firm Gartner, Inc., places MindFlow within the visionary quadrant of Gartner's annual Strategic Sourcing Applications Magic Quadrant1 report.

"MindFlow is pleased to be placed in the' Visionary' quadrant in Gartner's second Strategic Sourcing Applications Magic Quadrant report," said Jay Reddy, president and CEO of MindFlow. "Our customer base continually guides us toward meeting their ever-changing needs. We believe this practice enables us to receive analyst praise and excellent ratings."

In its second annual report, Gartner provides an update on the strategic sourcing applications marketplace and touches on the tremendous benefits companies experience with these applications. Gartner's report states that, "...analytics [is] being seen as the tool by which procurement managers become sourcing professionals." The report presents Gartner's opinions about the strengths and weaknesses of the major vendors in the marketplace. Gartner, Inc.'s Magic Quadrant positions vendors in a particular market segment based on their vision and ability to execute that vision. According to Gartner, Inc., visionaries have a clear vision of market direction and remain focused on preparing for that, but they can still improve in terms of optimizing service delivery.

MindFlow is uniquely positioned to help customers create more agile and nimble supply networks, support the sourcing and operations planning process, help reduce and optimize inventory, support lean manufacturing initiatives and accelerate the cash-to-cash cycle. Because CFO's are under tremendous pressure to improve margins, these business competencies become more critical. MindFlow helps companies create repeatable, sustainable savings throughout the inbound supply chain, delivering savings that may not have been otherwise apparent.

MindFlow provides on-demand, zero-footprint solutions for supply chain professionals in manufacturing, retail, process, foodservice and distribution industries. These companies use MindFlow to quickly leverage powerful cost modeling, sourcing analysis and automation technologies, together with category sourcing expertise and best practices to identify savings, prepare and execute sourcing events, and implement corporate supply chain strategies. 1Gartner, Inc., Strategic Sourcing Applications Magic Quadrant, January 31, 2005, pp 5.

About the Gartner Magic Quadrant

The Magic Quadrant is copyrighted January 31, 2005, by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the "Leaders" quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About MindFlow Technologies

MindFlow Technologies helps companies save time, save money and reduce risk with leading Strategic Sourcing applications. Large and small companies accelerate e-sourcing initiatives with MindFlow's complete sourcing automation, essential decision intelligence and deep domain, category expertise. The MindFlow Sourcing Suite(tm) is the premier end-to-end sourcing platform - comprehensive spend analysis, event management, sourcing analysis, supplier development, contract management, performance reporting and sourcing compliance. In close partnership with marquee customers, MindFlow has sourced billions of dollars in direct and indirect categories and enabled many millions of dollars in cost reductions. MindFlow Technologies headquarters is located at 6504 International Parkway, Plano, Texas. For more information, visit www.mindflow.com or contact: