Press report

InVision IPO: All Shares Issued and Allocated

Issue volume about Euro 34.5 million

Commencement of trading on Prime Standard scheduled for 18 June

InVision Software AG’s shares issued at a price of Euro 32 were allocated today. Investors had the opportunity to subscribe to the shares of the software specialist from Ratingen on 13 and 14 June 2007.

All 1,077,000 shares from the offering have been allocated, including those shares from the overallotment. Of the offered shares, 714,996 shares resulted from a capital increase and 221,530 shares from a secondary placement. To provide the greenshoe option, 140,474 additional shares were made available by the current shareholders. The share capital of InVision Software AG will comprise 2,235,000 shares following implementation of the capital increase.

About 89.7 percent of the issued shares were allocated to institutional investors and about 10.3 percent went to private investors. The shares were allocated to highly qualitative investors predominantly in Germany and the United Kingdom. Allocation to private investors was made on uniform criteria in accordance with the “Principles for the Allotment of Share Issues to Retail Investors”. Retail investors, which placed their orders through one of the syndicate banks or an associated institution, uniformly received an allocation of 80% of their order size rounded off to a whole share.

The issue volume totals Euro 34.5 million. If the greenshoe option is exercised completely, the free float will reach 48 percent. The commencement of trading on the official market (Prime Standard) of the Frankfurt Stock Exchange is scheduled for 18 June 2007. WestLB AG acted as the Sole Lead Manager and Sole Bookrunner for this IPO. M.M.Warburg & CO KGaA was the Co-Lead Manager.

International Securities Identification Number (ISIN): DE0005859698

Securities Code No. (WKN): 585969

Stock Exchange Abbreviation: IVX

Common Code: 030194381

InVision at a glance:

InVision Software is an internationally-active supplier of enterprise wide Workforce Management solutions, which enable companies to optimise the planning and scheduling of their staff. InVision empowers customers to reduce personnel costs, increase productivity, improve employee satisfaction and to boost revenue by leveraging better customer service. Founded in 1995 with its headquarters in Ratingen (Germany), InVision currently employs more than 120 WFM specialists and has offices across Europe, North America and South Africa. Among InVision's clients are numerous international blue chip companies, such as ABN AMRO, Allianz, BMW, Deutsche Telekom, IKEA, Sky and Vodafone.

For more information, please visit us at www.invisionwfm.com

DISCLAIMER

This publication does not constitute an offer to sell or a solicitation of an offer to buy or subscribe for any securities. The offer is closed and the shares have been placed.

This publication and the information contained herein is not for distribution, neither directly nor indirectly, in or into the Unites States of America, Canada, Australia or Japan.

This publication does not constitute an offer for sale of any securities into the United States. Securities, including any shares of InVision Software AG in the course of the offer, may not be offered or sold in the United States or to, or for the account or benefit of, US persons (as such term is defined in Regulation S under the Securities Act of 1933 as amended (the “Securities Act”)) unless they are registered under the Securities Act or exempt from registration. There will be no registration or public offer of any securities of InVision Software AG in the United States.

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