Oracle OpenWorld 2006... Zanett and Deloitte Consulting in 2nd Place Tie for Oracle Titan Award...Zanett's INRANGE Recognized for Excellence in PeopleSoft Enterprise Solution

SAN FRANCISCO & NEW YORK--(BUSINESS WIRE)---Zanett Inc. (NASDAQ: ZANE)recently announced that its INRANGE practice was recognized for excellence at this year's Oracle OpenWorld just held in San Francisco's Moscone Center.

Fourteen partners in 13 categories across multiple channel types were recognized for their success in developing and implementing solutions based on Oracle Database 10g, Oracle Fusion Middleware 10g, Oracle E-Business Suite, Oracle's PeopleSoft, JD Edwards and Siebel application families, as well as for marketing and sales achievements. This year, new award categories were added for partners building solutions based on emerging technology trends, including Business Intelligence, Integration and Service-oriented Architectures, and Security and Identity Management.

ORACLE TITAN AWARDS

The awards identify excellence in solution development and business achievements. Winners successfully defined new markets, achieved leadership positions in target markets, and transformed traditional business practices building on Oracle's offerings. They also clearly demonstrated a strong commitment to Oracle and a complete understanding of customer needs. Award recipients were selected by an esteemed group of third-party media and analysts from CMP Media, Gartner Group, IDC, as well as Oracle, and based on partner contributions during Oracle's fiscal year 2006. Additionally, Oracle judged submissions from Siebel partners for calendar year 2006.

ZANETT'S INRANGE RECOGNIZED

Zanett's INRANGE and Deloitte Consulting tied for 2nd place in the category of PeopleSoft Enterprise Solution. First prize was awarded to CIBER Inc.

Claudio Guazzoni, Zanett's CEO said, "It is quite an honor to be tied for second place with such a noteworthy organization like Deloitte Consulting. We are in exceptionally good company here, and we had to be quite resourceful and nimble to have arrived where we did. Congratulations also to CIBER, this year's winners. And yes, I am extraordinarily proud of our INRANGE consultants."

ZANETT PART OF ORACLE PARTNER NETWORK

"We continue to work closely with Oracle to ensure that we are delivering the right solutions to best meet the needs of our joint customers. Oracle is investing heavily in building itself a world-class partner business. Zanett naturally strives to become one of the leading partners of the Oracle's PartnerNetwork," Mr. Guazzoni concluded.

ABOUT ORACLE

Oracle (NasdaqGS: ORCL) is the world's largest enterprise software company.

Oracle Trademarks include the following: Oracle, JD Edwards, PeopleSoft, and Siebel, all registered trademarks of Oracle Corporation and/or its affiliates.