Sage Software and RenWeb Team to Offer Complete Management and Fund Accounting Solution for Public and Private Schools AUSTIN, Texas –July 26 2006 – Sage Software and RenWeb School Management Software jointly announced today that they have formed a strategic alliance to offer a complete school administration, tuition management, and fund accounting solution for public and private schools across the United States. As part of the alliance, RenWeb will create seamless integration between Sage Software's MIP Fund Accounting solution and its own RenWeb School Management Software, a school administration and tuition management solution . Additionally, RenWeb will add the Sage MIP Fund Accounting line to its current offerings, so schools can acquire an integrated information and financial management system from a single vendor specializing in their sector. “Our clients often ask us to counsel them on accounting solutions,” said Bob Wilbers, founder of RenWeb. “The flexibility and scalability of Sage MIP Fund Accounting, along with Sage Software's solid reputation, made easy our selection of Sage MIP Fund Accounting as the financial management solution of choice for public and private schools of all sizes and budgets.” RenWeb School Management Software's integrated feature set includes Admissions, Enrollment, Scheduling, Billing and Tuition Management, Lunchroom Management, Health Management, Attendance, Homework, Lesson Plans, Gradebook, Report Cards, Transcripts, Extensive Reporting Capabilities, Automated Emailing and ParentsWeb – all in one database, accessible anytime, from anywhere, via the web. Sage Software's Sage MIP Fund Accounting helps nonprofit and government organizations plan and manage budgets, maximize grants, and produce accurate customized reports in minutes. The software addresses the specific nonprofit financial management needs of organizations needing to track and report on multiple funds across multiple budget periods to meet their reporting requirements and demonstrate accountability. Sage MIP Fund Accounting received a coveted Campbell Award from Campbell Rinker in 2005 for its exceptional ratings in the Nonprofit Accounting Software Survey, a nationwide survey of accounting software users. “The seamless integration between Sage MIP Fund Accounting and RenWeb's school management software will enable us to further assist private and public schools, a key nonprofit sector for Sage Software, ” said Dan Germain, vice president of product management for Nonprofit Solutions at Sage Software. “The Sage-RenWeb partnership will help our mutual educational clients improve efficiencies, as well as their customer service levels to the families they serve.” For more information about Sage MIP Fund Accounting or other Sage Software Nonprofit Solutions, please visit www.sagenonprofit.com or call 800–647–3863. For more information about RenWeb School Management Software, please visit www.renweb.com or call 866-800-6593 . About RenWeb School Management Software RenWeb School Management Software is the leading provider of next generation internet-based school management software. RenWeb's powerful system uses the web to automate the flow of information between school administration, the classroom and home from a single integrated database. Founded by a University Dean eight years ago, RenWeb is leading the Internet migration as schools convert from their client/server software to a web-based solution, driving RenWeb's sales of more than one new school per day. RenWeb's integrated feature set includes Admissions, Enrollment, Scheduling, Billing and Tuition Management, Lunchroom Management, Health Management, Attendance, Homework, Lesson Plans, Gradebook, Report Cards, Transcripts, Extensive Reporting Capabilities, Automated Emailing and ParentsWeb – all in one database, accessible anytime, from anywhere, via the web. For more information about Renweb, visit www.renweb.com . About Sage Software Sage Software supports the needs, challenges and dreams of more than 2.6 million small and mid-sized business customers in North America through easy-to-use, scalable and customizable software and services. Our products support accounting, operations, customer relationship management, human resources, time tracking, merchant services and the specialized needs of accounting practices and the construction, distribution, manufacturing, nonprofit and real estate industries. Sage Software is a subsidiary of The Sage Group plc, a leading international supplier of accounting and business management software solutions and related products and services for small to mid-sized businesses. Formed in 1981, Sage was floated on the London Stock Exchange in 1989 and the Group now has 5.0 million customers and employs over 10,500 people worldwide. For more information, please visit the Web site at www.sagesoftware.com/moreinfo or call (866) 308-2378. -###-
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