Alchemy Software Development delivers robust revenue growth and opens new office facilities

Alchemy Software Development expands into new development centre in Dublin and opens up two new sales and support offices

DUBLIN – March 8, 2005 – Alchemy Software Development Limited, the leading visual localization tools provider, today opened its new development centre in Dublin, Ireland and announced the opening of two new sales and support offices in the United States and also in the Czech Republic in the European Union. These new and expanded facilities follow on from their robust finanical performance during Q4 2004 with revenue growth of 54% compared to the same period 2003. This is their 19th consecutive quarter of double-digit revenue growth and affirms their dominant market position and technology leadership in visual localization technologies.

Commenting on their robust financial performance and facility expansion, Tony O'Dowd, CEO and President of Alchemy Software Development said, “We are enetering an exciting phase in the global expansion of our business and have such tremendous momentum coming into this new financial year. With 80% of the world's top 50 software development companies using Alchemy CATALYST™, we're perfectly positioned for growth - with the strength, knowledge, enthusiasm and proven experience to continue delivering high returns and competitive advantage to our clients that sell in the global market place.”

Demonstrating innovation and leadership, Alchemy CATALYST™ 5.0 was introduced to solve the most pressing problems of globalizing software products. In Q4 2004, the company teamed with TRADOS Corporation, the world's leader in globalization management software and released the Alchemy TRADOS™ Component offering seamless sharing and reuse of translated terminology between Alchemy CATALYST™ and TRADOS TM Server and TRADOS MultiTerm Server. The Alchemy TRADOS Component is designed to dramatically reduce the complexity and time required to share translated content and terminology, enabling enterprises to centralize and consolidate these on TRADOS enterprise server technologies. This drives higher levels of translation reuse and terminology consistency in the globalization of enterprise software applications, help systems, printed documentation and content. Alchemy Software Development also released additional localization solutions during 2004 for XLIFF, XML and database technologies such as Oracle, Microsoft SQL and IBM DB2.

Alchemy Software Development Ltd. Has its headquarters in Dublin, Ireland at Harcourt Business Center, Harcourt Street, Dublin 2.

About Alchemy Software Development
Alchemy CATALYST™ is the world's most recognized visual localization technology. 80% of the world's largest software companies use Alchemy CATALYST™ to accelerate entry to international markets, improving revenue growth opportunities and reducing their costs.

With over 11,000 licenses worldwide, Alchemy CATALYST™ is the dominant visual localization technology among professional development companies, localization service providers and global technology leaders such as Siemens, Corel, Philips, Canon, JD Edwards, VistaTec, Bowne Global Solutions and SDL.

Alchemy's technology is designed to boost the efficiency and quality of globalizing software products and is used by software development and globalization companies worldwide. With over 12,000 licenses installed worldwide, Alchemy CATALYST™ is used by translators, software engineers, quality assurance specialists and project managers and is referred to as the Gold Standard in Localization.

Alchemy Software Development has its headquarters in Dublin, Ireland at Harcourt Business Center, Harcourt Street, Dublin 2, and has offices and facilities in Europe, Asia-Pacific and the United States.

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