MorganFranklin Press Releases

FOR IMMEDIATE RELEASE

Razorsight and MorganFranklin
Announce Partnership Arrangement

Fairfax, Virginia — May 15, 2006
Razorsight Corporation, a market leader and innovator of financial business intelligence software, today announced that it has reached a partnering agreement with MorganFranklin, a leading provider of innovative solutions to complex financial, operational and technology challenges for commercial and government clients.

The Partnership agreement between Razorsight and MorganFranklin leverages each firm's core competencies by working together to identify and capture advanced financial management and automation applications to customers in the commercial and government sectors.

“Razorsight's innovative software as a service (SaaS) will strengthen our Management Consulting Services business, wherein we streamline telecom costs and IT spend management processes and systems for our clients, increase operating efficiency and improve business intelligence around bottom-line profit margins,” stated Bob Morgan,  MorganFranklin CEO.

Razorsight CEO Charlie Thomas added, “Our partnership with a highly-respected, world class organization like MorganFranklin will expand our presence and success with financial executives in Fortune 500 companies as well as position us for growth of our emerging government business.”

According to industry analysts from Gartner and Aberdeen , more than 80 percent of all invoices continue to be delivered on paper. By automating the processing of the significant volumes of invoices received by businesses, Razorsight has quickly established a market-leading position with its intelligent data capture and financial analysis platform. Originally developed to automate the data capture and analysis of complex invoices for the nation's largest telecommunications providers, the company's software as a service has saved customers billions of dollars, transforming the way businesses manage, process and audit invoices.

About MorganFranklin
MorganFranklin Corporation is uniquely structured to provide innovative and proven business solutions for commercial and government clients. With the benefit of leading experts and a convergence of business advisory, management consulting and technological implementation services, MorganFranklin facilitates the improvement and transformation of our clients, from the inception of concepts and ideas to their realization.

About Razorsight
Razorsight (www.razorsight.com) is the market leader in on-demand business intelligence for finance executives. Razorsight's Software as a Service (SaaS) provides a new level of visibility into corporate expenditures through our advanced technology which automates the manual process of receiving, validating and auditing invoices in any format. Razorsight captures invaluable data from invoices, contracts and other sources of information to provide business intelligence that significantly reduces operating costs and enhances Sarbanes-Oxley compliance. Razorsight's web-based software is easy to install, requires no capital investment, is highly scalable and proven to save money. Razorsight's solution is installed at several Fortune 500 companies. Razorsight is based in Fairfax, VA and has offices in St. Louis, MO and Bangalore, India