Business Service Management Firm – Magnum Technologies – Recognized by Twin Cities Business Journal for Second Consecutive Year of Record Growth

Minneapolis, MN, October 24, 2005 – http://www.magnum-tech.com – Magnum Technologies, the leading provider of IT Business Service Management and Business Impact Management software, has been named a Twin Cities Business Journal Growth 50 firm for the second consecutive year.

“Magnum Technologies’ movement into the Business Service Management market is a large factor of our company’s growth,” said Gregory Crow, CEO, Magnum Technologies. “Business Service Management is emerging as an important solution for organizations that want to maximize the business value of their IT investments.”

Magnum Technologies, which ranked #33 in the Business Journal’s 2004 Growth 50, has experienced significant company growth over the past year and forecasts that 2005 revenue will more than double 2004 revenue figures.

The September 2005 launch of ADVANTAGE®, Business Service Management software, is enabling the company to continue on its growth trajectory. ADVANTAGE® is a valuable tool for businesses that desire to monitor how applications and IT infrastructure affect key business functions.

“This year, Magnum Technologies launched its flagship product, ADVANTAGE®,” said Crow, “which is a Business Service Management software solution that automatically discovers and maps IT Assets and their relationships, which are critical to powering business-essential applications.”

Magnum Technologies helps companies such as Buckingham Research Group, the US Army and Starz Entertainment Group analyze how performance and availability of IT resources affect the applications, processes, and services that power their business.

For more information on Magnum Technologies’ flagship product, ADVANTAGE, visit http://www.magnum-tech.com/advantage.html

View the Business Journal Growth 50 at http://www.bizjournals.com/twincities

About Magnum Technologies
Magnum Technologies, www.magnum-tech.com, develops software solutions that align IT operations with enterprise priorities. Magnum’s suite of automated management solutions includes DIAGNOSEIT®, COORDINATOR™, CAP-TREND® and its flagship product, ADVANTAGE®. Magnum’s software solutions are designed to easily integrate with and enhance the effectiveness of existing management platforms by monitoring and measuring IT performance from a line-of-business perspective. To learn more about Magnum Technologies, visit www.magnum-tech.com