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Astoria Software Promotes Michael Rosinski to Chief Executive Officer, Alan Fraser to Chairman of the Board

Executive promotions reflect significant improvements in the company's financial performance and an influx of new investment capital

SAN MATEO, Calif. – December 12, 2007 – Astoria Software, the market leader in On-Demand dynamic publishing solutions, announced the promotion of two of its executives, as well an influx of new investment capital.

Michael Rosinski has been promoted from Executive Vice President to Chief Executive Officer, and former CEO Alan Fraser has been promoted to become Astoria's Chairman. "We're very excited about the future prospects for Astoria, particularly given our sales momentum which has taken us towards cash–flow positive well ahead of schedule, coupled with a new flow of investments from our existing investors," said Rosinski.

Fraser echoed Rosinski's comments. "This company has come a great distance in a very short period of time; we've successfully transitioned our technology architecture to an On-Demand model, and established strong commercial validation with some of the world's largest manufacturing companies. We expect 2008 to be a particularly good year for us."

Astoria is coming off an already strong 2007, signing increasingly larger contracts with Forbes Global 2000 companies, often at the expense of much bigger competitors. In addition, many of their early customers have returned to add significantly more seats, which in many cases has doubled or tripled the value of the original contract. "The On-Demand model is great for our customers; lower cost, much faster deployment, and significantly faster response on support issues," added Rosinski, "On-Demand is definitely the wave of the future."

Astoria has secured additional investment from their existing investors including Goldman Sachs, Blueprint Ventures, and Prism Venture Works. "The team at Astoria has taken this company to a point where it's poised for significant growth, both from a technology and business perspective; this is a great example of the type of opportunity that we're always interested in developing, " said Joe DiSabato, Managing Director at The Goldman Sachs Group.

About Astoria Software

Astoria Software drives efficiencies in dynamic product documentation with On-Demand delivery of structured content management. Siemens Healthcare, ITT, and other Forbes Global 2000 manufacturers rely on Astoria to meet rigorous market demands – increasing product volumes, accelerating time-to-market, and concurrent global customization. Astoria On-Demand reduces documentation costs up to 90% and compresses product launch cycles from months to weeks. Astoria Software is based in San Mateo, California. For more information, visit www.astoriasoftware.com.