Emagia Announces Record Third Quarter 2005 Results

Santa Clara, Calif. October 25, 2005 - Emagia, the leading provider of Enterprise Cash Flow Management software today reported unprecedented sales growth in the third quarter 2005. This record performance was fueled by both new customer sales as well as expansion of usage by its existing install base. The recent selection of Emagia by several customers including CompuCom, American Pad and Paper Inc. and Equant underscores the company's continued leadership position in the market and highlights its top-tier solution suite. Many existing customers including Hyperion Solutions, Smart Modular Technologies and Zebra Technologies also invested in new modules and upgrades along with rollouts to additional regions around the globe.

Key drivers of Emagia's success continue to be the depth of its cash flow functionality spanning the working capital cycle with receivables, payables and treasury operations, its proven capabilities for global deployments with multi-ERP, multi-language and multi-currency capabilities as well as built-in best practices for running global cash flow operations complying with Sarbanes-Oxley requirements. In addition, Emagia remains the only vendor in the cash flow management solution market to offer its solution in both an On Demand Hosted Services model as well as the traditional enterprise license model. The high levels of Return on Investment gained by Emagia customers as well as the flexibility in application deployment have earned Emagia a place as the solution of choice for Global 2000 companies seeking to drive superior levels of working capital performance.

"Our momentum in the market is unsurpassed," stated Emagia CEO Veena Gundavelli. "Industry leading corporations are quickly seeing the value of optimizing working capital across global operations with the Emagia solution suite. We continue to see rapid adoption of our newest products across many different industries and fully expect to maintain our pace of maximizing free cash flow and operational efficiencies for our customers."

About Emagia
Emagia Corporation is the leading provider of cash flow management solutions that streamline and automate cash flow processes for Fortune 2000 enterprises. Emagia solutions allow companies to realize significant benefits including maximizing cash conversion efficiency, facilitating strong internal controls for financial reporting and improved returns from cash flow management. World- class enterprises use Emagia solutions to strengthen and accelerate corporate initiatives around cash flow management, Six Sigma, shared services, and Sarbanes-Oxley compliance. Emagia products seamlessly integrate with SAP, Oracle, PeopleSoft, Baan, JD Edwards, Geac, BPCS, QAD/MfgPro and other back-office financial systems. Emagia software solutions can be deployed using standard enterprise license models as well as its unique hosted offering.

For general information, call 866-EMAGIA-1 or visit www.emagia.com

Contact Information
Lou Mohanty, (408) 492-8886 or pr@emagia.com.

Emagia and Emagia Cash Inflow Manager are registered trademarks of Emagia Corporation.