WITS Witness Systems (MM)

Witness Systems (NASDAQ: WITS), a leading global provider of workforce optimization software and services, today announced that it has been recognized by several organizations � including Baseline Magazine, Software Magazine, Deloitte and Catalyst Magazine � for its high performance over the last year and as a fast growing technology company. Baseline's 50 Fastest-Growing Software Companies for 2006 This year, Witness Systems made its debut on Baseline's 50 fastest-growing software companies. Baseline is a publication dedicated to providing senior I.T. and corporate management a detailed inside look at how leading companies deploy I.T. solutions. The 2006 listing placed the company at number 46 with a 31.2 percent annual growth rate. The rankings are based on year-to-year revenue growth from 2004 to 2005. Software Magazine�s Annual Software 500 Witness Systems has been named to Software Magazine�s Annual Software 500 for the eighth consecutive year. The Software 500 is a revenue-based ranking of the world�s largest software and services suppliers. In this year�s ranking, Witness Systems appeared at number 153, up from 182 last year. Deloitte�s Technology Fast 50 Witness Systems was named to Deloitte�s prestigious Technology Fast 50 program for Georgia, a ranking of the 50 fastest growing technology companies in the state by Deloitte & Touche USA LLP, one of the nation�s leading professional service organizations. Rankings are based on the percentage revenue growth over five years from 2001-2005. Witness Systems climbed the list to number 18 with 196 percent growth. �Sustaining high revenue growth over five years is an exceptional accomplishment. We commend Witness Systems for making the commitment to technology and delivering on the promise of market longevity,� said Andrew Harrs, Deloitte�s Southeast regional managing partner for the technology, media and telecommunications industry practice. Catalyst�s Top 50 Portfolio Witness Systems was selected for Catalyst�s Top 50 Portfolio, recognizing Atlanta�s best performing small to mid-sized companies. The company was acknowledged for its accomplishments as a technology innovator and for helping customers across industries and around the globe solve real business problems, gain competitive advantage and optimize workforce performance. About Witness Systems Witness Systems (NASDAQ: WITS) is the worldwide leader in software and services that help businesses capture customer intelligence and optimize their workforce performance. The company�s Impact 360� solution features quality monitoring, compliance and IP recording, workforce management, performance management and eLearning. Primarily deployed in contact centers � as well as the remote, branch and back offices of global organizations � the workforce optimization solution captures, analyzes and enables users to share and act on cross-functional information across the enterprise. With Impact 360, organizations can improve interactions and the underlying back-office processes that enhance the customer experience and build customer loyalty. For more information, visit us at www.witness.com. Cautionary Note Regarding Forward-looking Statements: Information in this release that involves expectations, plans, intentions or strategies regarding the future are forward-looking statements that are not facts and involve a number of risks and uncertainties. They are identified by words such as "will," "anticipates," "expects," "intends," "plans," "believes," "estimates," and similar expressions and statements about present trends and conditions that may extend into the future. These statements are based upon information available to Witness Systems as of the date of this release, and the company assumes no obligation to update any such forward-looking statement. Forward-looking statements believed true when made may ultimately prove to be incorrect. These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond our control and may cause actual results to differ materially from our current expectations. Some of the factors that could cause actual future results to differ materially from current expectations include the company's ability to compete successfully in the future; fluctuations and changes in customer demand and preferences; the timing of orders; the company's ability to manage its growth; the risk of new product introductions and customer acceptance of new products; the rapid technological change which characterizes the company's markets; the risks associated with international sales as the company expands its markets, including the risks associated with foreign currency exchange rates; the ability of the company to complete and integrate successfully the Demos Solutions and Exametric acquisitions and any other acquisitions or investments it may make; strategy and execution risks relating to these and other acquisitions and investments; the risk of management distraction and other consequences that might result from the review of certain option grants and option granting practices described in the Current Report on Form 8-K filed by the Company on August 11, 2006 and related developments, as well as other risks identified under the caption "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the company's Form 10-K for the year ended December 31, 2005 and its Form 10-Q for the quarter ended March 31, 2006, as filed with the Securities and Exchange Commission. Witness, Impact 360, Improve Everything and the Witness logo are the trademarks (registered or otherwise) of Witness Systems, Inc. protected by laws of the U.S. and other countries. All other trademarks mentioned in this document are the property of their respective owners. Witness Systems (NASDAQ: WITS), a leading global provider of workforce optimization software and services, today announced that it has been recognized by several organizations - including Baseline Magazine, Software Magazine, Deloitte and Catalyst Magazine - for its high performance over the last year and as a fast growing technology company. Baseline's 50 Fastest-Growing Software Companies for 2006 This year, Witness Systems made its debut on Baseline's 50 fastest-growing software companies. Baseline is a publication dedicated to providing senior I.T. and corporate management a detailed inside look at how leading companies deploy I.T. solutions. The 2006 listing placed the company at number 46 with a 31.2 percent annual growth rate. The rankings are based on year-to-year revenue growth from 2004 to 2005. Software Magazine's Annual Software 500 Witness Systems has been named to Software Magazine's Annual Software 500 for the eighth consecutive year. The Software 500 is a revenue-based ranking of the world's largest software and services suppliers. In this year's ranking, Witness Systems appeared at number 153, up from 182 last year. Deloitte's Technology Fast 50 Witness Systems was named to Deloitte's prestigious Technology Fast 50 program for Georgia, a ranking of the 50 fastest growing technology companies in the state by Deloitte & Touche USA LLP, one of the nation's leading professional service organizations. Rankings are based on the percentage revenue growth over five years from 2001-2005. Witness Systems climbed the list to number 18 with 196 percent growth. "Sustaining high revenue growth over five years is an exceptional accomplishment. We commend Witness Systems for making the commitment to technology and delivering on the promise of market longevity," said Andrew Harrs, Deloitte's Southeast regional managing partner for the technology, media and telecommunications industry practice. Catalyst's Top 50 Portfolio Witness Systems was selected for Catalyst's Top 50 Portfolio, recognizing Atlanta's best performing small to mid-sized companies. The company was acknowledged for its accomplishments as a technology innovator and for helping customers across industries and around the globe solve real business problems, gain competitive advantage and optimize workforce performance. About Witness Systems Witness Systems (NASDAQ: WITS) is the worldwide leader in software and services that help businesses capture customer intelligence and optimize their workforce performance. The company's Impact 360(TM) solution features quality monitoring, compliance and IP recording, workforce management, performance management and eLearning. Primarily deployed in contact centers - as well as the remote, branch and back offices of global organizations - the workforce optimization solution captures, analyzes and enables users to share and act on cross-functional information across the enterprise. With Impact 360, organizations can improve interactions and the underlying back-office processes that enhance the customer experience and build customer loyalty. For more information, visit us at www.witness.com. Cautionary Note Regarding Forward-looking Statements: Information in this release that involves expectations, plans, intentions or strategies regarding the future are forward-looking statements that are not facts and involve a number of risks and uncertainties. They are identified by words such as "will," "anticipates," "expects," "intends," "plans," "believes," "estimates," and similar expressions and statements about present trends and conditions that may extend into the future. These statements are based upon information available to Witness Systems as of the date of this release, and the company assumes no obligation to update any such forward-looking statement. Forward-looking statements believed true when made may ultimately prove to be incorrect. These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond our control and may cause actual results to differ materially from our current expectations. Some of the factors that could cause actual future results to differ materially from current expectations include the company's ability to compete successfully in the future; fluctuations and changes in customer demand and preferences; the timing of orders; the company's ability to manage its growth; the risk of new product introductions and customer acceptance of new products; the rapid technological change which characterizes the company's markets; the risks associated with international sales as the company expands its markets, including the risks associated with foreign currency exchange rates; the ability of the company to complete and integrate successfully the Demos Solutions and Exametric acquisitions and any other acquisitions or investments it may make; strategy and execution risks relating to these and other acquisitions and investments; the risk of management distraction and other consequences that might result from the review of certain option grants and option granting practices described in the Current Report on Form 8-K filed by the Company on August 11, 2006 and related developments, as well as other risks identified under the caption "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the company's Form 10-K for the year ended December 31, 2005 and its Form 10-Q for the quarter ended March 31, 2006, as filed with the Securities and Exchange Commission. Witness, Impact 360, Improve Everything and the Witness logo are the trademarks (registered or otherwise) of Witness Systems, Inc. protected by laws of the U.S. and other countries. All other trademarks mentioned in this document are the property of their respective owners.