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Navita Teams Up with GOA Software to Offer ETRM to the North American Energy Industry
Houston, May 29, 2008  

Houston-based GOA Software and Norway-based Navita Systems signed a definitive partnership agreement today that allows GOA to offer Navita’s ETRM software product POMAX to the North American energy industry, tightly integrated and co-branded with its GOA software platform. The joint offering will give customers a software platform with a functional reach beyond what current ETRM vendors offer. The partnership is expected to provide Navita access to significant delivery capacity in North America, beyond its current offices in Pasadena and Toronto, and represents a commitment to offer a broader software solution and on-the-ground presence to serve the North American energy industry.  For GOA Software, the partnership provides access to a proven ETRM system that fits in with their .Net based product portfolio and enables them to provide to the market with a world class software that’s highly competitive, offers rapid and successful projects delivery while providing clients with a single GOA license and US based professional services team. “Navita is in a leading position in Europe, especially for multi-commodity physicals such as gas, crude and power combined with an equally robust Risk, Credit and Transportation modules. The creation of this strategic partnership with GOA is part of our vision to establish a dominant global presence outside Europe through partnering with key players in North America, Australia, and Asia.  We also believe that major trends in North America towards compliance, transparency and auditability, as exemplified by the recent approval by the Congress of measures to close the “Enron loophole”, will accelerate the trend from Excel spread sheets and in-house solutions towards compliance-ready software solutions and further increase the commercial attractiveness of the North American ETRM market,” said Knut Johansen, CEO Navita Systems AS.  “The energy companies have asked for a fresh alternative to the traditional single-point ETRM providers in the market, they want a complete solution to their comprehensive software requirements, integration and compliance needs and they want it from a single vendor, with a single license and a single-source provider for product, delivery and local support.  We’ve listened to the market and believe that Navita’s focus on providing configurable out-of-the-box software with rapid project implementation times, built on Microsoft technology, with reasonable pricing, backed by the proven client successes globally, travels well.  This will allow GOA to break the traditional paradigm for how to create and deliver flexible, scalable and connected ETRM solutions, and to compete effectively with the traditional North American players in this space. Navita has never lost an ETRM client in their 15 years of business, that speaks volumes in today’s ETRM market.” said Dan McGrath, President GOA. About Navita:NAVITA is a leading provider of technology solutions to the energy and wider commodity trading industries. NAVITA’s POMAX™ suite delivers market analysis, trading, risk management, logistics and settlement solutions for both physical and financial market participants and central marketplaces across a wide array of commodity classes.

NAVITA is the continuation of more than 15 years experience within the field of system solutions and services. NAVITA has its head office in Norway and also has regional offices in Stockholm, London, Edinburgh, Toronto and Los Angeles. More than 100 installations worldwide rely on NAVITA's POMAX™ product in their daily trading operations. POMAX™ customers include E.ON, EdF Trading, International Power, Norsk Hydro, Sempra Energy Europe, Statkraft, WA Power Exchange, and Bruce Power. More information about NAVITA is available at www.navita.com 

About GOA
GOA Software is a provider of end-to-end software and services for the Energy Industry with a product portfolio that extends across Upstream, Midstream, Downstream, Utilities, Operations and Financials. The GOA branded software portfolio allows clients to license various leading best-of-breed energy software solutions from major vendors and license the software under a single product license, delivery team and dedicated local support.  

For more information, please contact:
Grim Gjønnes, EVP Navita Systems AS+47 934 01 002
Email: grimg@navita.com 

Dan McGrath, President
GOA Software, LLC. and Energy Software Consultants, LLC.
Email:d.mcgrath@goasoftware.com