Alchemy Software Development continues robust financial performance

Alchemy Software Development reports revenue growth of 48% for Q2 2005

DUBLIN – August 30, 2005 – Alchemy Software Development Limited, the leading visual localization tools provider, today announced revenue growth of 48% for Q2 2005 compared to Q2 2004. 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, Tony O'Dowd, CEO and President of Alchemy Software Development said, “We are excited to continue our revenue growth 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™ was introduced to solve the most pressing problems of globalizing software products. In Q2, the company teamed with Microsoft and TRADOS(SDL) to unveil Alchemy CATALYST™ 6.0, an innovative and truly visual localization solution for digital content, desktop, mobile and internet applications. Alchemy Software Development also released additional localization solutions during the year for XLIFF, XML and database technologies such as Oracle, Microsoft SQL and IBM DB2.

For more information on Alchemy Software Development Ltd., please go to www.alchemysoftware.ie.

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/