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    Lontra completes acquisition of Centrata, Inc.  

Industry leading software to go through next generation development at the hands of Lontra’s expert team and advisors.

Redwood City, CA – May 31, 2006 – Lontra, Inc., provider of Service Catalog Solutions, announced the completion of the acquisition of Centrata’s technology and intellectual property. This leading technology will give Lontra a solid foundation for developing the next generation Service Catalog Solution.

The addition of Centrata’s technology to Lontra’s Service Catalog Solution suite will provide customers with a more powerful set of tools and capabilities for managing the increasingly challenging demands on Global 2000 IT organizations. Centrata’s industry-leading Service Catalog foundation will be enhanced and combined with Lontra’s award-winning suite of IT Financial Management, Service Management, and Demand Management applications, to create the most comprehensive Service Catalog Solution on the market.

“The Fortune 500 face a huge challenge in managing the service demand of their IT Organizations, while also ensuring cost transparency and controlling spend,” said Boris Pevzner, Founder and CEO of Lontra. “By combining the road-tested technology of Centrata and the innovation and expertise of Lontra, we are in a position to offer customers a well-rounded, comprehensive solution that can improve their service quality, reduce and control costs, and ultimately increase customer satisfaction across the board.”

Lontra plans to expand and integrate Centrata’s technology into its existing suite of software and services, and will begin delivering the next generation Service Catalog solution to its customers in early 2006.

About Lontra, Inc.

Founded in 2005, Lontra provides the first and only Service Catalog Solution that features IT Financial Management and Demand Planning solutions built around an actionable IT Service Catalog. Lontra’s solutions help IT align their services to the needs of the business, manage and control IT spend, better plan for future demand, and increase overall customer satisfaction. The company is venture funded and headquartered in Redwood City, CA. For more information, visit www.lontra.com, or send an email to info@lontra.com.

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  Lontra's award-winning consultants have a wealth of experience implementing best practice service catalogs and service portfolios, as well as developing service-based costing and budgeting. We have a track record of helping Global 1000 organizations achieve their IT Service Management (ITSM) and IT Financial Management (ITFM) goals, and can help you.

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