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Kim Dion
A&R Edelman
(650) 762-2927
kdion@ar-edelman.com

Serena Software Closes Acquisition of Pacific Edge

Project and Portfolio Management Leader is Key Addition to Change Governance Strategy

SAN MATEO, Calif. — Oct. 20, 2006 — Serena Software, Inc., the Change Governance™ leader, today announced that it has completed its acquisition of Pacific Edge Software, Inc., a leading provider of Project and Portfolio Management (PPM) solutions.  With this acquisition, Serena will extend its Change Governance offerings to enable customers to control the time, cost, and resource impacts of continuous business and IT change.

Change Governance solutions from Serena allow companies to control change by fully integrating the development, implementation, and adoption of change processes and policies across the enterprise.  By bridging silos of change throughout an organization, Serena enables business and IT to provide superior quality of service while reducing the costs and risks of implementing change.  To deliver on its Change Governance promise, Serena offers core products in Application Lifecycle Management (ALM), Operations Process Management (OPM), and now Project and Portfolio Management (PPM).  Key products in these categories include Serena® Dimensions™ 10, Serena TeamTrack®, and Pacific Edge Mariner®.

Pacific Edge Mariner, the Company’s flagship product that began shipping in October 2005, combines portfolio, project, resource, demand, and financial management into an integrated decision-support framework for an organization's PPM initiative.  As a powerful and practical-to-adopt solution, Mariner’s capabilities can be configured to an organization’s specific levels of IT process maturity.  As IT organizations mature, more advanced Mariner capabilities can be enabled to drive additional value from their PPM initiatives.

About Serena Software, Inc.
Serena Software, the Change Governance™ leader, provides software and services to more than 15,000 organizations around the world—including 96 of the Fortune 100 and 90 of the Global 100. Recognized by IDC as the largest software provider focused exclusively on change, Serena offers a new approach to change—Change Governance—that enables businesses to efficiently, consistently, and successfully control change across the enterprise. Serena helps companies capitalize on change to achieve transformative business results. Serena has more than 750 employees worldwide and is headquartered in San Mateo, California, with offices throughout the U.S., Europe, and Asia Pacific. For more information, please visit www.serena.com.

Serena and TeamTrack are registered trademarks of Serena Software, Inc. Change Governance and Dimensions are trademarks of Serena Software, Inc. All other products or company names are used for identification purposes only, and may be trademarks of their respective owners. Copyright © 2006 SERENA Software, Inc. All Rights Reserved.