S7 Software announced winner of 2008 Itanium® Solutions Alliance Innovation Award in the Entrepreneurial Innovation category

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Recognizing S7 Software’s innovative approach in porting application onto Intel® Itanium® architecture

Bangalore (May 20, 2008) – S7 Software has been announced the winner of the second annual Itanium® Solutions Alliance Innovation Award in the Entrepreneurial Innovation category. The award recognizes S7 Software’s innovative approach in successfully porting a high transaction processing database application onto the Intel® Itanium® architecture.

Announcing the award, the Itanium Solutions Alliance press release said, “S7 Software Solutions won the Entrepreneurial Innovation award for their unique work porting onto the Itanium architecture, more than 2 million lines of software code for a Fortune 100 company’s transaction processing system, which supports financial institution processing, mortgage loan processing and other financial service products.”

Joan Jacobs, the executive director of the Itanium Solutions Alliance, congratulated S7 Software, “The Itanium Solutions Alliance congratulates S7 Software and its story clearly demonstrates the impact of Intel Itanium technology on solving mission-critical computing challenges and enhancing business results. The breadth of entries was impressive and selecting a single winner in each category was extremely challenging.”

“We are happy to win the Itanium Solutions Alliance Innovation Award, which recognizes S7 Software’s innovative approach to Itanium-based system migration and our expertise to deliver advanced products with very high quality and on schedule, while reducing costs substantially,” said Manjunath M Gowda, CEO of S7 Software.

The Itanium Solutions Alliance’s annual global award program recognizes innovation and achievement using Itanium-based solutions to solve complex humanitarian, business and entrepreneurial challenges. Each winner receives a $50,000 U.S. cash prize or can make a charitable donation to an organization of their choice.

For more information please visit www.s7software.com

About S7 SOFTWARE

S7 Software is a software services company specializing in software migration and re-engineering services for varied verticals including Banking, Finance, Retail, Manufacturing, Education, ISVs. S7 Software offers proven migration methodology and in-house developed tools which help offer a predictable and measurable outcome.