RAVENFLOW NAMED AS FINALIST IN 2007 AMERICAN BUSINESS AWARDS^SM

5th annual Stevie® Awards will be presented on June 11 in New York City

EMERYVILLE, Calif.—May 24, 2007—Ravenflow, the only company delivering automated requirements validation for application development organizations, was named a finalist today in the Most Innovative Company category in The 2007 American Business Awards.

"Companies engaged in software development are realizing that if they don't get requirements right, the rest of a project is likely to go awry," said Joe Marasco, president and chief executive officer of Ravenflow. "A surprisingly high percentage of projects are abandoned or come in significantly over budget because of poorly-conceived requirements. Ravenflow's graphical, English language-based approach to requirements development saves millions of dollars a year and thousands of person-hours."

The only solution that automates creation, specification and validation of requirements, RAVEN empowers the business and software development team to collaborate, communicate and manage risk during requirements validation. The solution automatically generates diagrams from plain English text, enabling even non-technical project stakeholders to gain immediate visual feedback on use cases. RAVEN facilitates the creation of precise, high quality requirements, allowing business and IT to quickly identify and correct errors before coding begins. The end result is less rework, shorter development cycles, fewer budget overruns and a high project success rate.

About the Stevie Awards
More than 2,000 entries from companies of all sizes and in virtually every industry were submitted for consideration in more than 40 categories, including Best Overall Company, Best Executive, Best New Product or Service, and Best Corporate Social Responsibility Program. Ravenflow will be competing in the Most Innovative Company category and was nominated for "bridging the software translation gap."

"Being named a Finalist in The American Business Awards is an important achievement," said Michael Gallagher, founder and president of The Stevie Awards. "It means that independent business executives have agreed that the nominee is worthy of national recognition. We congratulate all of the Finalists on their achievement and wish them well in the competition."

Details about The American Business Awards and the list of Finalists in all categories are available at www.stevieawards.com/aba.

About Ravenflow
The award-winning Ravenflow is revolutionizing the way that software requirements and business processes are developed and validated. Because requirements errors are the primary cause of project failure and budget and schedule overruns, enterprises need to detect and correct requirements errors. Ravenflow’s Requirements Authoring and Validation Environment (RAVEN) automatically generates visual models from plain English text. Customers across all business sectors, including ADP, Charles Schwab, Citco, Kaiser Permanente and the World Savings Bank are using RAVEN to deliver software developed for the most valid and precise business requirements.



All products mentioned in the release are trademarks or registered trademarks of Ravenflow. All other trademarks, trade names, and/or product names are used solely for the purpose of identification and are the property of their respective owners.

Press Contacts:

Adam Frankl
Vice President, Marketing, Ravenflow
adam.frankl@ravenflow.com

Robyn Fernsworth
Kickstart Consulting for Ravenflow
rfernsworth@kickstartconsulting.com
415-346-5260