KPS Ltd. and Alchemy Software Formalize Partnership

KPS select best-of-breed technology to reduce localization costs for their customers

DUBLIN – May 24, 2002 – Key Performance Solutions Ltd., a startup globalization consultancy services firm, announced today its formal partnership with Alchemy Software Development Ltd, the industry's primary provider of software translation tools. Together, these companies will work to create comprehensive, software localization strategies for clients, offering the industry's best combination in technology and services. The partnership, which includes a commitment to joint marketing and educational offerings, will link KPS and Alchemy professionals worldwide.

“We're pleased to be formalizing our relationship with Alchemy, whose talented founders and staff are the original creators and developers of Corel CATALYST™. We advocate the use of Alchemy CATALYST™, recognizing that its abilities to aid in the localization, management, and quality assurance of a product are unparalleled in the industry, ” said Damian Scattergood, CEO and co-founder of KPS Ltd.

“More and more localization companies are outsourcing their engineering and testing of language applications, switching these costs to the variable side of their budget lines”, said Paul Quigley, CIO and co-founder of KPS Ltd. “With our increased commitment to Alchemy Software Development as formal partners, we'll be able to further develop the most cost-effective, quality-assured globalization solutions for our clients.”

Alchemy CATALYST™ is an integrated translation environment with powerful project management features to help ensure effective localization. CATALYST™ seamlessly integrates editors and tools for translators, localization engineers, quality assurance specialists, and project managers. Overall, this integrated translation environment, with its unique Expert technology, reduces project time, improves quality, and shortens the engineering and QA cycles times, further reducing the overall cost of localization.

“We're delighted to be working in partnership with KPS and co-developing solutions for their clients”, said Tony O'Dowd, CEO of Alchemy Software Development. “Working with experienced consultants at KPS, we will be able to focus on providing technological solutions that enhance world class localization workflows, reducing time-to-market, improving quality and reducing costs. ”

About KPS Ltd.
Key Performance Solutions Ltd. is based in Dublin Ireland and is a software development and consultancy company. KPS specializes in the analysis, design and implementation of Automated Localization Solutions (ALS).

KPS evaluate current software and localization process with a view to delivering an optimum solution through business process re-engineering and automation process development. "We empower our customers with processes and technologies to enable them develop and deliver competitively and efficiently. We focus on delivering increased customer ROI through enabling your localization process to "Deliver More For Less"

For more information on the company and its products, please refer to www.keyperformancesolutions.com

Alchemy Software Development Limited
Alchemy Software Development is a company formed by the original developers and designers of Corel CATALYST™, an integrated translation environment and a pioneer in visual translation and engineering solutions.

Alchemy's technology is designed to boost the efficiency and quality of globalizing software products. With over 8,000 licenses worldwide, it is used by software development and globalization services companies worldwide. Alchemy CATALYST™ is used by translators, software engineers, quality assurance specialists and project managers and is referred to as the Gold Standard in Localisation. Corel Corporation Limited holds a 24.9% stake in Alchemy Software Development Ltd.

Alchemy Software Development has offices and facilities in Canada, Europe, Asia-Pacific and the United States.

For more information on the company and its products, please refer to www.alchemysoftware.ie.