Lontra Welcomes Executives from Harrah's Entertainment, Sun Microsystems, Kintana, Bristlecone, and Logitech to Strategic Advisory Board

REDWOOD CITY, Calif. - May 8, 2007-- Lontra, an innovative provider of IT Service Portfolio Solutions on demand, today announced the formation of its Strategic Advisory Board along with founding board members who include several visionary IT and operations veterans from large global enterprises. Initial advisory board members include:

• Henry Danziger - Program Director, Information Technology, at Harrah's Entertainment, and former Vice President at Johnson Controls
• Ram Duraiswamy - Co-founder and former CEO of Kintana (now part of HP)
• Dan Poulin - Former 6-year CIO at Logitech and 4-year CIO and Global IT Director at Hexcel Corporation
• Padman Ramankutty - Strategic advisor to CIOs and IT executives; and co-founder and former CEO of Bristlecone
• Janpieter Scheerder - Former President, Sunsoft Division, at Sun Microsystems

The Lontra Strategic Advisory Board plays an important role in the company's ongoing development and growth. Advisory Board members help shape corporate strategy, product vision, and customer support, and offer perspective and guidance on global IT service delivery trends. "We've assembled a Strategic Advisory Board that's the best in class. These leaders have vision, decades of knowledge, and strong operational experience," said Boris Pevzner, Lontra Founder and CEO. "Their insight, intuition, and experience will be a tremendous asset as we continue to grow and extend our Service Portfolio Solution."

"Enterprise IT organizations are going through a wholesale shift. The business of IT used to be all about managing technology with an internal focus on maintaining service levels. While that is still critical, IT must adopt and implement an external, customer-centric focus," said Padman Ramankutty, strategic advisor to CIOs and IT executives. "We see Lontra's vision and Service Portfolio Solution playing a pivotal role in this transformation."

"To truly align IT services with business needs, IT departments must have service-level cost transparency, they must be able to shape demand within the business, and they must be able to tie in SLA and OLA performance metrics. For most IT organizations this is new territory and they don't have the systems to deliver this visibility," said Dan Poulin, former CIO of Logitech. "Lontra is the only portfolio solution provider whose vision places IT financial management at the core of their solution strategy-extending from the early stages of service definition and consulting to delivering real-time reporting and analysis capabilities for true customer-centric service delivery."

About Lontra

Founded in 2005, Lontra provides the first and only Service Portfolio Solution that features IT Financial Management and Demand Planning solutions built around an actionable IT Service Catalog. Lontra's solutions help IT organizations align their services to the needs of the business, manage and control IT spend, better plan for future demand, and increase overall customer satisfaction. The company is venture funded and headquartered in Redwood City, CA. For more information, visit www.lontra.com, or send an email to info@lontra.com.