Portal Software and SAP Team to Deliver Revenue Management Solution to the Telecommunications Industry

Integrated Solution to Leverage Superior Technology from SAP® for Telecommunications and Portals Infranet®

CUPERTINO, CA and WALLDORF, Germany (PRWEB) May 1, 2003 - Portal Software, Inc. (Nasdaq: PRSF) and SAP AG (NYSE: SAP) today announced they have signed a global strategic alliance and software development agreement to deliver an integrated solution that combines Portals industry leading billing solution, Infranet®, with SAP® for Telecommunications, SAPs industry-specific solution for the telecommunications industry. The combined solution will be designed to help telecommunications providers resolve the increasing number of revenue leakage issues they experience as they roll out new services. Under the terms of the agreement, Portal and SAP will jointly develop, market and sell the pre-integrated and packaged solution.

Revenue management, in particular to control the leakage of revenue across increasingly more complex value chains, has become a real concern for providers across the globe," said Chris Barnard, research manager, European OSS and Billing at IDC. The SAP and Portal Software solution provides not only a robust set of functions for managing revenue assurance and revenue leakage issues, but also a significant advantage to telecommunications service providers in reducing implementation time and on-going infrastructure costs for such a solution versus traditional, custom built approaches."

The solution from Portal and SAP seamlessly integrates key billing system processes with financial business processes, enabling telecommunications providers to more effectively deal with revenue assurance issues by providing complete, real-time visibility into customer transactions. Furthermore, the joint solution takes advantage of the open architectures of both Portals Infranet and SAP for Telecommunications, allowing service providers to simplify and streamline their billing and financial transaction processing lifecycles. The result is an improved ability to rapidly introduce new services while reducing their overall cost of operations.

The flexibility of Portals billing solution, combined with the clear demand we have received from our customers to integrate SAP for Telecommunications with Portals Infranet, made Portal a clear choice for SAP to work with in delivering a comprehensive revenue management solution," said Roland Buerkle, vice president, IBU Telecommunications, SAP AG. We look forward to collaborating with Portal in a combined effort that allows us to extend the reach of SAP solutions for not just the telecommunications industry, but also for other industries as we move forward together."

Revenue management is a significant challenge in the telecommunications industry, requiring the seamless integration of billing and financials systems," said Bhaskar Gorti, senior vice president, Business Development and Global Alliances, Portal Software. Our strategic agreement with SAP delivers on this demand, enabling our customers to simplify their systems landscape through the complete and comprehensive integration of our packaged solutions, addressing the issue of revenue assurance with the most robust set of functionality available in the market at the lowest total cost of ownership."

This combination of Portals Infranet and SAP for Telecommunications is an end-to-end business solution for telecom enterprises of all sizes, and includes an unsurpassed range of industry-specific functionality. SAPs entire suite of applications, tailored for the telecommunications market, covers customer financials management, network lifecycle management, order and service management, customer relationship management and supply chain management. Portals Infranet is a leading convergent billing solution supporting the complex needs of todays global telecommunications market.

About Portal Software, Inc.
Portal Software provides flexible billing and subscriber management solutions to enable organizations to monetize their voice and digital transactions. Portals convergent billing platform enables service providers to charge, bill and manage a wide range of services via multiple networks, payment models, pricing plans, and value chains. Portals flexible and scalable product-based solutions enable customers to introduce new value added services quickly, providing maximum business value and lower total cost of ownership. Portals customers include thirty-five of the top fifty wireless carriers as well as organizations such as Vodafone, AOL Time Warner, Deutsche Telekom, TELUS, NTT, China Telecom, Reuters, Telstra, China Mobile, Telenor Mobil, Vivendi, and France Telecom. For more information, please visit www.portal.com.

About SAP
SAP is the world's leading provider of business software solutions. Through mySAP Business Suite, people in businesses around the globe are improving relationships with customers and partners, streamlining operations, and achieving significant efficiencies throughout their supply chains. Today, more than 19,300 companies in over 120 countries run more than 60,100 installations of SAP® software. With subsidiaries in over 50 countries, the company is listed on several exchanges including the Frankfurt stock exchange and NYSE under the symbol "SAP." (Additional information at <http://www.sap.com>)

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Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as "believe," "estimate," "intend," "may," "will," "expect," and "project" and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission (the "SEC"), including the SAP Annual Report on Form 20-F for 2001 filed with the SEC on March 28, 2002. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.

Copyright© 2003 Portal Software, Inc. All rights reserved. Infranet and the Portal logo are U.S. registered trademarks, and Portal is a trademark of Portal Software, Inc. All other trademarks are the property of their respective owners. All statements made in this press release are made only as of the date set forth at the beginning of this release. Portal undertakes no obligation to update the information in the event facts or circumstances subsequently change.
SAP, mySAP, and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP AG in Germany and in several other countries all over the world.
All other product and service names mentioned are the trademarks of their respective companies.
Media Contacts:    
Portal:
Christine Coleman, Horn Group, +1 (415) 905.4028, PDT, ccoleman@horngroup.com
Geoff Devlin, Portal Europe, +44 (0) 1753 244228, GMT, gdevlin@portal.com
SAP:
Jason Loesche, SAP America, +1 (610) 661-8541, j.loesche@sap.com, EDT

Mirko Lueck, Burson-Marsteller, +49 (69) 2380958, mirko_lueck@de.bm.com, CET