Q1 2008: Revenues of € 2.3 Million in Line with Expectations – Forecast for 2008 Confirmed

AD-HOC NOTICE ACCORDING TO § 15 WpHG

InVision Software AG (ISIN: DE0005859698), one of the leading international providers of solutions for enterprise-wide workforce management solutions, has achieved Group revenues of 2.3 million Euro in the first three months of the current fiscal year 2008. Compared to the first quarter of fiscal year 2007, this represents a reduction of 12 percent (previous year: 2.6 million Euro) resulting from the decrease in licence revenues to TEUR 337 (previous year: TEUR 970). In the first three months, licence revenues consisted primarily of revenues generated with existing customers, with new small and mid-sized customers. Contrary to the first quarter of the previous year, no sales were reported from larger projects.

Maintenance revenues increased by 22 percent to TEUR 899 (previous year: TEUR 735) which is a direct consequence of a higher maintenance base resulting from licence revenue with both new and existing customers in the previous year and of a high and stable level of customer loyalty. Based on the expansion of service capacities compared to the first quarter 2007 service revenues increased by 15 percent to 1.1 million Euro (previous year: TEUR 940).

During the first quarter 2008, the operating result (EBIT) was -1.7 million Euro (previous year: TEUR -289) and the Group result was TEUR -992 (previous year: TEUR -122). The earnings per share came accordingly to -0.44 Euro (previous year: -0.05 Euro). As of March 31, 2008, the Group’s equity capital was 23 million Euro (as of December 31, 2007: 24.1 million Euro), with an equity capital ratio of 82 percent (as of December 31, 2007: 86 percent).

Due to the positive sales pipeline, InVision confirms its forecast for the current year that has already been published within the Annual Report 2007 and predicts continued profitable growth for fiscal year 2008. Revenues are projected to increase approximately 35 to 45 percent to between 21.5 and 23 million Euro. The EBIT is expected to climb to between 4.3 and 4.7 million Euro which would represent a significant increase of approximately 40 to 50 percent (2007: 3.1 million Euro).

The complete report for the first quarter of fiscal year 2008 of InVision Software AG will be available for download on this website, in the section ‘Financial Reports’, on May 30th, 2008.