Contact Networks Announces Latest Version of Enterprise Relationship Management (ERM) Software to Support Business Development for Professional Services Firms

ContactNet 5.0 Includes Enhanced Relationship Search, Improved Relationship Ranking, and Integration with Additional Business Applications including CRM

Boston, MA -- May 15, 2006 - Contact Networks, a leading provider of Enterprise Relationship Management (ERM) software for professional services firms, today announced the latest version of its flagship software ContactNet, which helps support business development and marketing efforts through existing relationships. ContactNet enables users to quickly search for and identify colleagues within a firm who have a relationship with a target individual or company. Based on close collaboration with its customers, Contact Networks has advanced the solution to be more powerful, comprehensive, accessible, and configurable. ContactNet 5.0 enables firms to:

Generate more powerful search results with enhanced relationship ranking
Much like the results of a GoogleTM search, Contact Network's ERM solution lists colleagues who have relationships with a target individual or company according to strength. ContactNet 5.0 uses 37 distinct variables to rank and score relationship strength. Colleagues with the strongest relationships appear at the top of the results list.

Produce more comprehensive results by analyzing additional data sources
On the back-end, ContactNet analyzes data from email applications such as Microsoft Exchange and Lotus Domino. Version 5.0 analyzes several additional data sources, including Customer Relationship Management (CRM) systems such as Microsoft Dynamics CRM, NetSuite CRM+, InterAction from LexisNexis Interface Software, Oracle's Siebel CRM, Elite Enterprise from Thompson Elite, Pivotal CRM, Apex IT CRM, and SalesLogix CRM.

Gain better access by integrating with existing business applications
Users can access ContactNet 5.0 directly from their firm's intranet and portal, and CRM and Sales Force Automation (SFA) systems. The application can also be accessed through a Blackberry TM or other handheld device.

Search for relationships within a pinpoint geographic area
ContactNet 5.0 includes pinpoint geographic search, which enables users to search for relationships by location within the radius of a target city including multiple states. For example, users can search for relationships within 20 miles from New York or Baltimore, which is helpful for arranging a full day of meetings and event marketing.

Customize privacy to suit the needs of complex businesses
The advanced privacy configuration settings in ContactNet 5.0 enable restrictions at the individual, group, and corporate level to control the access of specific departments and/or industry groups.

"CRM systems are effective at managing information about customers, but not so helpful when you're trying to find out if any of your colleagues have relationships with a prospect," said Mike Gotta, Principal Analyst at Burton Group, www.burtongroup.com who specializes in collaboration, social software tools and trends. "Tools and services that help identify the various social networks within an organization can provide invaluable insight to business strategists, decision makers, and workers trying to complete a task or project. The ability to discover and leverage valuable relationships, areas of expertise, and other interpersonal connections can lead to improved productivity, process performance and community-building."

"Business development and marketing professionals at larger firms have the advantage of having more employees with more relationships to potentially leverage for business development efforts. On the flip side, the larger the firm, the more difficult it becomes to know all of your colleagues and the valuable relationships they have," said Shawn Samuel, Chief Technology Officer at Contact Networks. "ContactNet 5.0 incorporates the feedback and features that we've gathered from our customers over the past four years, who have used our solution to transform individual relationships into a firm-wide competitive advantage."

Pricing and Availability
ContactNet 5.0, Contact Networks' Enterprise Relationship Management Software, is available now. For additional information please visit www.contactnetworks.com or call 617-305-7961.

About ContactNet 5.0
ContactNet 5.0, Contact Networks' Enterprise Relationship Management (ERM) solution, is an enterprise search engine for relationships. It enables professionals to quickly and easily identify which colleagues have the strongest connections to a target individual, company, or industry. ContactNet analyzes multiple data sources including CRM systems, electronic address books, and email traffic patterns, uncovers valuable relationships, and generates a list of colleagues ranked by relationship strength. It requires no manual data entry and is implemented in a couple of weeks. The world's leading firms, including global consulting firms, law firms, and financial services firms, use Contact Networks' proprietary technology every day.

About Contact Networks
Contact Networks is the most experienced provider of Enterprise Relationship Management (ERM) solutions for professional services firms. Since 2002, the company's ContactNet software has been helping professionals generate more new business by enabling them to leverage their firm's entire extended network of relationships. ContactNet is an automated search tool that immediately identifies colleagues that have the strongest relationships with a valuable prospect. Customers include global consulting firms, law firms and financial services firms such as Mintz Levin, Kodiak Venture Partners, and Sagent Advisors. Visit www.contactnetworks.com or call 617-305-7961.