Artifact Releases Lighthouse with New Task Management, Custom Reports and Support for Agile Development Methodologies

Baltimore, MD—April 3, 2007 – Artifact Software, Inc., the global leader in Software Development Management (SDM) solutions, today introduced a new version of Lighthouse.  Task Management, Custom Reports and Custom Project Methodology are now available and fully integrated with Timesheets, Requirements Management, Bug Tracking, Test Management, Change Management and Issue Tracking.

Managing global software projects is complicated, particularly when clients and vendors use different methodologies like Agile, Waterfall and RUP.  Lighthouse’s new Custom Project Methodology allows users to adapt the system to a chosen or customized method, facilitating better collaboration and acting as an early warning system for all projects.

“There is always a variance among the people involved in building software for a client. Both the client and the vendor need to gain experience communicating with each other in order to meet expectations”, says Tom Cole, CEO of RDA Corporation, a Microsoft Gold Partner with offices across the US. “Until the communication is clear, building software is a risky environment in which to make decisions. Lighthouse provides the objective clarity and consistency I need to make business decisions.”

 “With our new features, Lighthouse users can see immediate project benefit. No longer will Project Managers have to hunt down individuals for task updates or create Excel reports based on data from disparate systems,” says Mark Wesker, CEO of Artifact Software. “Users can manage their tasks without Microsoft Project, create custom reports with drag and drop simplicity, and facilitate collaboration using their preferred or custom methodology.”

Artifact’s free version, Lighthouse Pro, includes all of the key capabilities needed to manage, monitor and measure software projects.  It includes task management; requirements management, resource management, project planning, time sheets, test management, defect tracking, issue tracking, change requests, document management, workflow, alerts, role-based security, reports and dashboards and much more.  And, all of this is free.  Artifact offers a fully customizable and extensible version of its product called Lighthouse Premium, available as a paid subscription service. Lighthouse Premium includes support for Custom Reports and Development Methodologies.

Read more about Lighthouse or start using for free now at the company’s web site www.artifactsoftware.com.

About Artifact Software

Artifact provides the market leading Software Development Management (SDM) system Lighthouse, enabling companies to effectively manage, monitor and measure software development projects.  More than 2,000 firms from 29 countries have set up their own Lighthouse accounts.  Whether outsourcing, dual-shoring or managing distributed teams, Lighthouse enables organizations to achieve total visibility and control over the software development process.   Artifact is a private company based in Baltimore, Maryland.  Investors and Board members include Intersouth Partners, New Markets Growth Fund, Draper Atlantic, Ray Oglethorpe, former President of America Online and John Burris, Senior VP of Sales & Services, Citrix.  For more information, please visit www.artifactsoftware.com.