I-many Implements Enhanced Global Strategy Aimed at Extending Company's Market Share Throughout EMEA; Justin Sadler-Smith Appointed General Manager for European Operations

"With more than 15 years of business development and consultingexperience from major software companies, Justin is the ideal personto drive our efforts in Europe, and throughout the EMEA countries,"said Kirk Krappe, I-many's executive vice president of worldwidemarkets. "His skills are unparalleled and we believe his appointment,coupled with our ECMF platform, will enable I-many to capture asizable share of the growing Enterprise Contract Management market inEurope and the EMEA countries."

Mr. Sadler-Smith's key achievements include the development andmaintenance of a pan-European sales operation for procurement softwarecompany Marrakech, management of a professional service operationthroughout Europe for supply chain software company Manugistics, andthe creation of dozens of partnerships with system integrators,implementation firms, and channel distributors over a career exceeding15 years.

"With profitability, compliance, and risk management high onexecutive agendas, demand for contract management automation is at anall-time high," said Tim Minahan, senior vice president of globalsupply research at Aberdeen Group, Inc. "New performance expectationsand European Union regulatory requirements should prompt Europeanorganizations to invest aggressively in contract management automationwithin the next 12 months."

"The need for enterprise contract management is escalating rapidlyin the European market as regulations recently promulgated by theEuropean Union take hold," Sadler-Smith said. "In addition, as moreand more European companies establish a presence in the U.S.,compliance with Sarbanes-Oxley has become a more pressing issue.Coupled with the global push to optimize revenue streams whileminimizing the operational costs of doing so, and the unparalleledfunctionality, flexibility, scalability, and cost-effectiveness ofI-many's Enterprise Contract Management Foundations (ECMF) platform,I'm confident that I-many's global strategy will be successful andmeet a growing market need."

As I-many expands its presence in Europe, the company willleverage its current global experience to penetrate other EMEAcountries, using a strategy that includes focused campaigns,partnerships with well-respected implementation firms, and developmentof channel distributors in specific countries, where appropriate.I-many's London office is located at 21 Whitefriars Street, EC4Y 8JJ.

About I-many

I-many (NASDAQ:IMNY) delivers advanced Enterprise ContractManagement solutions for managing corporate commitments. Designed toextend beyond the traditional contract management capabilities, I-manyContractSphere(R) offers an end-to-end solution, from pre-contractprocesses and contract management to transaction compliance.Ultimately, this provides companies with the visibility and controlneeded to manage any type of commitment -- from contracts andobligations to payments and collections. The result is increasedrevenue, minimized risk and dramatically reduced operating costs,which deliver improved profitability with hard return on investment.More than 280 customers across 21 industries worldwide haveimplemented and realized the value of I-many business solutions. Formore information, please visit www.imany.com.

This news release contains forward-looking statements, and actualresults may vary from those expressed or implied herein. Factors thatcould affect these results include: the risk of unforeseen technicalor practical impediments to planned software development and otherrisk factors set forth from time to time in the Company's filings withthe Securities and Exchange Commission.