ISV Transformation Summit Brings Together SaaS Thought Leaders to Discuss Opportunities, Challenges and Best PracticesMINNEAPOLIS, MN - April 6, 2005 - Tier1 Research, a research and advisory firm blending the best of industry and Wall Street Research, will host a groundbreaking event in Las Vegas on May 5-6, 2005, dedicated to Software as a Service (SaaS). The ISV Transformation Summit is an educational forum designed to discuss the issues and opportunities facing those constituencies that are making strategic decisions around SaaS: independent software vendors (ISVs), end users and investors. Conference sponsors include SaaS thought leaders such as Microsoft, Dovarri/Hewlett Packard, Agiliti, BlueWolf, eMeta, iCentera, NetSuite, OpSource, Salesnet and several others.

According to Chris Hoffmann, president, Tier1 Research: "Software as a service is taking the industry by storm. The ISV Transformation Summit is shaping up to be an exciting event, and given the current consolidation in the sector, our working agenda will be very well received. Our presenters will address the tough issues facing ISVs and end users who are considering, or have already deployed, SaaS."

The market forces impacting the software industry are significant, and leading vendors, savvy users and astute investors need to be informed and agile. The ISV Transformation Summit will provide the real world perspective needed to develop, deploy and support software applications as a service. In addition to 12 breakout sessions divided into User and Vendor Tracks, keynote presentations and panel discussions including venture capitalists, business leaders and vendors will round out the event.

The ISV Transformation Summit targets three audiences:

1) Users: How and why organizations are adopting SaaS platforms and walking away from traditional applications.

2) ISVs: How and why ISVs should transform their delivery and pricing models to SaaS.

3) Investors: The financial drivers that make investing in SaaS firms a compelling opportunity.

Registration is $595 for an individual, with packs of four event tickets for $1000. The conference will be held at the Excalibur Hotel & Casino in Las Vegas, NV. To learn more and register, please go to http://www.isvsummit.com.

About Tier1 Research

Tier1 Research is an independent research firm covering the Information Technology (IT) and Communications sectors. Founded in August 2000, T1R's business model combines the best of Wall Street and Industry research into a holistic model of market and financial intelligence. Tier1 Research works with institutional investors, venture capital firms, IT users and vendors as a research and advisory partner. The firm's delivery model includes daily opinion and analysis through its Executive InsITer e-newsletter, company, trend and topic reports, financial models, online databases and market analytics, "morning calls", the Vendor Perception Index (VPI), and consulting services. The company has nine associates and is based in Minneapolis with offices in New York and Silicon Valley. For more information, please visit www.Tier1Research.com.