New I-many Reseller Completes Sale of I-many Contract Manager to one of Latin America's Largest Cellular Provider

I-many, Inc. (NASDAQ:IMNY), the leading provider of advanced Contract Lifecycle Management (CLM) solutions for managing corporate commitments, today announced that Kaizen Consulting Group, an IT consulting firm based in Sao Paulo, Brazil, has become I-many’s first reseller in Latin America. I-many also announced today that Kaizen has completed the sale of a 500-user license for I-many Contract Manager™ to one of Latin America’s largest cellular telephone service provider. "We have established this exclusive partnership with I-many because our clients count on us for best-of-breed solutions, and when it comes to contract management, I-many is the leader in this marketplace,” said Andre Nadjarian, Kaizen’s business solution director. "By offering local support in Latin America for this solution we can now fulfill the requirements our clients have for a robust, reliable, and scalable contract management solution.” Kaizen’s first sale of I-many Contract Manager, to one of the largest cellular providers in Latin America, with more than 25 millions customers, will replace a home-grown contract management system. I-many’s solution will be seamlessly integrated with an existing content management system. Other key benefits of I-many Contract Manager which drove the sale include I-many Compliance Manager™ with its SAP integration capabilities and multi-language user interface, as well as, improved performance and scalability as compared to competing solutions. "Leading companies are concerned about optimizing their revenues through tighter management of the contract process,” said John Rade, I-many’s president and CEO. "With our global presence, and with skilled and experienced partners like Kaizen, I-many is working to meet this growing need.” About Kaizen Founded in 1995, Kaizen is a technology consulting firm specializing in systems integration and IT business solutions development for large and mid-sized companies. Kaizen operates in the areas of Infrastructure, Business Solutions, Business Continuity and Outsourcing. Through strategic partnerships with the best IT providers in the world, Kaizen offers solutions that reduce costs and optimize revenues to companies in a variety of industries. Among its major clients are AGF, Avon, CVRD, DuPont, Embraer, PepsiCo, Tetrapak, TAM, TIM, Ultragaz and VisaVale, among others. www.kaizen.com.br. About I-many® I-many (NASDAQ:IMNY) is the leading provider of advanced Contract Lifecycle Management solutions for managing corporate commitments. Designed to extend beyond the traditional contract management capabilities, I-many ContractSphere® offers an end-to-end solution, from pre-contract processes and contract management to transaction compliance. Ultimately, this provides companies with the visibility and control needed to manage any type of commitment - from contracts and obligations to payments and collections. The result is increased revenue, minimized risk and dramatically reduced operating costs, which deliver improved profitability with hard return on investment. More than 280 customers across 21 industries worldwide have implemented and realized the value of I-many business solutions. For more information, please visit www.imany.com. This news release contains forward-looking statements, and actual results may vary from those expressed or implied herein. Factors that could affect these results include: the risk of unforeseen technical or practical impediments to planned software development and other risk factors set forth from time to time in the Company’s filings with the Securities and Exchange Commission.