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Meridian Project Systems Acquires GigaPlan, Inc.

GigaPlan, award-winning leader in web-based planning and resource management applications, expands Meridian' current product line and customer base

FOLSOM, Calif. - November 12, 2001 - Meridian Project Systems (Meridian), leading software and application service provider for comprehensive project management applications, announced today it has acquired GigaPlan, Inc., premier developer of collaborative, web-based project planning, cost and resource management software designed to assist distributed teams in defining and meeting their project goals.
"We are thrilled with the GigaPlan acquisition," said Meridian president and cofounder John Bodrozic. "GigaPlan's extensive planning technologies complement our current document management, cost control, purchasing and collaboration solutions perfectly." By incorporating an interactive scheduling element to its current project management applications, Meridian is enhancing its powerful project management and collaborative products and services. GigaPlan's web-based enterprise-wide, interactive planning products provide real-time updating, resource management and interactive Gantt charts in a simple-to-use Internet browser interface.
Neale van Streepen, cofounder and CEO of GigaPlan, started the company to develop powerful, web-native project management software and services that provide real-time updating and universal access to current project information. "Our collaborative products give users the ability to access and manage team members' schedules and resource allocation via the Internet," van Streepen said. "Combined with Meridian Project Systems' established expertise, GigaPlan's technologies will make for the most comprehensive project management solution on the market."
Customers of GigaPlan's technology include Duke Engineering, Radian Communication Services Corporation (formerly The LeBlanc Group), and MapInfo. Novato, California-based GigaPlan, with offices in Oslo, Norway, and St. Petersburg, Russia, will be incorporated into Meridian' operations with GigaPlan's workforce converting to Meridian staff.

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About Meridian Project Systems:
Meridian Project Systems is a software and application service provider specializing in comprehensive project management software. Founded in 1993, Meridian debuted on Inc magazine's INC 500 as the 56th fastest growing company in the United States in 2000, and has appeared on the prestigious list two years in a row. Meridian' 70,000+ users rely on the company's Internet solution, ProjectTalk.com, or its commercially packaged software, Prolog. Meridian is headquartered in Folsom, Calif. Visit www.MeridianSystems.com for further information.

About GigaPlan:
GigaPlan was established in April 2000 by a team with more than 35 years of experience in developing and marketing project management software and services. The company was based in Novato, California, with offices in Oslo, Norway, and St. Petersburg, Russia. GigaPlan established international relationships with partners in the UK, Norway, Australia and South Africa. Its interactive planning products provide real-time updating, resource management and interactive Gantt charts in a simple-to-use browser-based interface.

Press Contact:
Mindy Matullo
1180 Iron Point Road
Folsom, Ca 95630
Meridian Project Systems
(916) 294-2066
mmatullo@MeridianSystems.com


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