MONTREAL, CANADA, 12 August 2004 – Osellus Inc. will play a key role with the OMG's (Object Management Group) technical meeting being held in Montreal from August 23-27. The company will be a corporate sponsor and plenary session speaker during the four-day event.

"OMG is thrilled to see Osellus working so actively on the implementation of SPEM standards. It is organizations such as Osellus "a key contributor to the SPEM specification" that will continue to strengthen the standardization efforts that are already impacting the marketplace," said Dr. Richard Soley, Chairman and CEO, Object Management Group.

Osellus's process automation system "IRIS" is one of the first SPEM-compliant applications used to model, enact and monitor software development processes that encompass the full application life-cycle. IRIS automates processes using SPEM (Software Process Engineering Metamodel), the open industry standard from OMG.

"Development organizations are increasingly convinced of the benefits of adopting a model driven approach for application development," says Omid Hodaie, CEO at Osellus. "This event is a critical time for developing the industry's commitment to the standards that are shaping the future of software development. That's why we are a part of it."

About IRIS

IRIS is the first open standards-based process automation system, specifically aimed at the software development industry. The product is methodology, process and technology neutral. It can be used to model, enact and monitor both common application development frameworks, as well as unique and customized development techniques. IRIS interfaces to the existing development tools to form a common management layer across the full development life-cycle.

About Osellus

Osellus is a leading provider of process improvement and automation solutions for the software development industry. Osellus helps software development organizations select, enhance, model and automate the underlying processes that support their application development efforts. By adopting a process-centric development model, Osellus customers are better positioned to meet their time-to-market, quality and cost objectives.