Hilversum, The Netherlands, July 3, 2009

www.ultimateshippingsolutions.com

On June 26, 2009, Logica and Ultimate Software BV from the Netherlands have agreed on transferring the intellectual property rights on the FlexShip/Port software and the existing FlexShip/Port business to Ultimate Software. FlexShip/Port is an integrated software system for the shipping industry, based on Microsoft Dynamics AX.

Since 2005, Ultimate and Logica have a strong cooperation in developing the FlexShip/Port solution. Ultimate has continued to invest in the FlexShip/Port solution by adding additional functionality to adapt the system to different parts of the shipping industry, e.g. multi cargo, equipment control, intermodal transport including door-to-door, forwarding etcetera.

Ultimate currently owns the software, adds new functionality, supports all existing clients and partners and provides services to partners. Logica, as the new value added distributor, stays committed to the FlexShip/Port solutions with their core activities of selling and implementing the system and providing services to it’s customers in the Nordic Countries, including upgrading customers to upcoming new releases provided by Ultimate Software. Like all other partners, Logica will continue to market the Flex solutions on it’s current markets, but also on new markets where the solution fits.

Ultimate will expand the FlexShip/Port business and bring existing and new partners together to make the solution a leading player in the shipping industry. Ultimate will, together with the partners, put efforts in making the FlexShip/Port solution the world wide leading integrated ERP (Enterprise Resource Planning) system for the shipping industry, based on a Microsoft platform.

For more information:

Ultimate Software B.V., Maanlander 33, NL-3824 MN Amersfoort, The Netherlands. Tel. +31-884242424 Fax. +31-884242499. René Altena, vice president, rene.altena@ultimatesoftware.nl

Logica, Lautrupvang 10, DK-2750 Ballerup, Denmark. Anker Pallesen, divisional director, Anker.pallesen@logica.com