SRC Software, a leading provider of sophisticated enterprise corporate performance management (CPM) solutions, announced that it has established a significant presence in Europe. Bolstered by the company's considerable growth in North American revenues during 2004, SRC is opening support and sales offices in the UK, Sweden and Belgium.

SRC's new European direct sales and support offices will offer the company's complete suite of performance management solutions. They will also offer direct support services to a wide array of organizations, many which previously licensed SRC solutions indirectly from Frango, a former distributor of SRC applications. SRC plans to increase its European customer base exponentially in 2005, targeting companies in the telecommunications, healthcare, retail, financial services and hospitality sectors.   To strengthen its move into Europe, SRC has appointed a director of European marketing and business development, Ola Henriksson, who will be responsible for developing local business, while supporting and promoting SRC's performance management solutions throughout Europe. Henriksson will also focus on the expansion of SRC's distribution channel to support new and existing customers in Italy, Spain, Switzerland and The Netherlands.

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