Angoss Named a Victor in Hurwitz & Associates Inaugural Victory Index for Predictive Analytics

Report Cites Angoss as a Victor Based on Expertise in Key Market Areas

TORONTO, Sept. 29, 2011 /CNW/ - Angoss Software Corporation (Angoss) (TSX-V: ANC) today announced the company has been included in the inaugural Victory Index report from Hurwitz & Associates on Predictive Analytics. Angoss was among 12 companies to be evaluated and was recognized as a Victor based on its expertise in key market areas.

Designed as a market research assessment tool, the Victory Index highlights both the diverse uses of predictive analytics technology such as predicting consumer behavior, conducting economic forecasting and identifying fraud, and the vendors who make those applications possible. Led by Hurwitz & Associates Partner, Dr. Fern Halper, the Predictive Analytics study examines the most critical trends for end users to consider and analyzes 12 vendor offerings in the market across four key dimensions: Vision, Viability, Validity and Value.

"Victors in the Index have a clear vision for their solutions and deliver strong customer value," said Fern Halper, report author. "Angoss has a clear strategy around predictive analytics, offering both on premises and SaaS solutions. Customers gave Angoss high marks for its Decision Tree interface, flexibility and ease of use. Business analysts find its software products fairly easy to use, as well. These are some of the reasons Angoss was named a Victor in the Index."

"It is a tremendous privilege for Angoss to be recognized as a leader in this marketplace by such a credible research group as Hurwitz," said Martin Galligan, President and CEO of Angoss. "As we grow our customer base and enhance our predictive analytics software to meet the needs of quantitative analysts; we also strive to offer customers the most innovative SaaS solutions for businesses that do not have data analyst talent and who, regardless of their size, want to use business analytics to compete more effectively in the markets they serve."

About Hurwitz & Associates

Hurwitz & Associates is a strategy consulting, market research and analyst firm that focuses on how technology solutions solve real world customer problems. Hurwitz research concentrates on disruptive technologies, such as Cloud Computing, Service Oriented Architecture and Web 2.0, Service Management, Information Management, and Social and Collaborative Computing. Our experienced team merges deep technical and business expertise to deliver the actionable strategic advice clients demand. To learn more about our services please visit www.hurwitz.com.

About Angoss Software Corporation

Angoss is a global leader in delivering predictive analytics to businesses looking to improve performance across sales, marketing and risk. With a suite of desktop, client-server and in-database software products and Software-as-a-Service solutions, Angoss delivers powerful approaches to turn information into actionable business decisions and competitive advantage. Angoss software products and solutions are user-friendly and agile, making predictive analytics accessible and easy to use. Many of the world's leading financial services, insurance, retail, health care and information communication and technology organizations use Angoss predictive analytics software products and solutions to grow revenue, increase sales productivity and improve marketing effectiveness while reducing risk and cost. Headquartered in Toronto, Canada, Angoss has offices in the United States and United Kingdom. For more information, visit www.angoss.com.

This press release contains statements of a forward-looking nature. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. The accuracy of these statements may be impacted by a number of business risks and uncertainties that could cause actual results to differ materially from those projected or anticipated, including: the risk that the sale of our products and services involves a long sales cycle; the risk that the economic environment and business conditions will remain difficult to predict; the risk of competition in our target markets; the risk that we may not respond adequately to evolving technologies; the risk that we or our customers may have difficulties in introducing our products or services; the risk that we will encounter difficulties in continuing to offer services; the risk that we will encounter difficulties in integrating the operations of acquired companies with our own; the risks of conducting our operations in a variety of international locations; the risk that we may need to record future write-downs of assets arising from our investments in other companies; the risks relating to the costs that we may incur as a result of litigation against us; and other risks described in our filings with securities regulatory authorities, including our annual reports, interim financial statements and similar disclosure documents. ANGOSS Software does not undertake any obligation to update this forward-looking information after the date of its initial publication, except as required under applicable law.

Note: Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE ANGOSS Software Corporation

For further information:

Michelle Corsano
Vice President, Marketing
416-593-2429
mcorsano@angoss.com

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ANGOSS Software Corporation

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