St. Paul, MN – Sep 1, 2007 - LumenSoft Corporation, a leader in spreadsheet-based Business Intelligence software, today announced the upcoming release of Xcel BI+ 5.3.  LumenSoft’s powerful Spreadsheet Application Builder technology enables organizations to quickly and easily design and deploy highly-guided, interactive applications for managing business intelligence activities such as reporting, analysis, modeling, planning, budgeting and dashboards.

“Most corporations still plan and manage significant portions of their business with desktop spreadsheet models that require significant maintenance.  This practice, often referred to as “spreadsheet hell”, adds risk to data integrity, corporate security and Sarbanes-Oxley related compliance efforts.” said Richard Peterson, LumenSoft’s VP of Business Development.

“Xcel BI+ eliminates spreadsheet hell by centralizing and automating spreadsheet applications, allowing organizations to keep their spreadsheet models and dramatically reduce their risk and maintenance costs.  Additionally, the native Microsoft® Excel® environment coupled with our highly guided and intuitive applications virtually eliminates end user training.”

Xcel BI+ core strength is its ability to deliver and collect key business information in a familiar Microsoft Excel format, allowing application designers, often business power users, to quickly create automated spreadsheet applications without programming.  These applications are easily deployed and maintained with automatic updates to large end user audiences.  Xcel BI+ seamlessly integrates all corporate data sources including Hyperion Essbase™ and System 9 Analytic Services™, Microsoft Analysis Services™, Showcase Essbase/400, Oracle, IBM DB2™, Microsoft SQL Server™ and all ODBC databases.

About LumenSoft
LumenSoft Corporation, based in St. Paul Minnesota, is an industry leader in spreadsheet-based analytic applications.  It provides software and services to help companies analyze data, budget, plan, forecast, generate reports and make better, informed business decisions.  LumenSoft is a Hyperion Preferred Technology partner and an IBM Tools partner.  For more information about LumenSoft visit http://www.lumensoftusa.com.