YES BANK Selects Daptiv Collaborative Work Management Software

SEATTLE, WA--(Marketwire - June 11, 2008) - Daptiv, the on-demand leader in collaborative business software, today announced that YES BANK, India's newest private sector bank, selected Daptiv PPM work management software to easily manage project-based and ongoing work. Daptiv PPM work management software will assist YES BANK in active monitoring of project status and implementation of standard project management frameworks to ensure quality and timely delivery.

"In today's Web-powered world, it is imperative to adapt and stay ahead in technology solutions not only for customers but for internal as well," said Umesh Jain, chief information officer of YES BANK. "To support the rapid growth of its core business in the most efficient way, YES BANK currently uses Daptiv to manage work most critical to its growth, infrastructure and operations. We plan to extend the use of Daptiv PPM to all of our administrative departments, from marketing to human resources and product development, to manage work and keep it aligned with the overall business objectives."

"We are pleased to help support YES BANK's fast growth, making it possible for them to focus on growing their leadership in banking innovation and customer service," said Jeff Pancottine, CEO of Daptiv. "YES BANK's use of Daptiv in India is one example of how our SaaS delivery model has made it possible to offer our high quality work management software to businesses around the globe from our headquarters here in Seattle."

Daptiv PPM is on-demand collaborative business software that enables companies of all sizes to transform their mid-office business operations, teams and projects by managing and aligning work throughout an organization with strategic objectives. Daptiv PPM is the easiest way to select, staff and manage projects and ongoing work across teams, departments and divisions. Employees and team leaders effectively collaborate on day-to-day tasks via an intuitive Web interface, while business managers and executives gain visibility into project, program and portfolio execution, easily measuring progress against business priorities.

About YES BANK

YES BANK, India's new age private sector Bank, is the outcome of the professional commitment of its Founder, Rana Kapoor, supported by his highly competent top management team, to establish a high quality, customer centric, service driven, private Indian Bank catering to the "Future Industries of India."

YES BANK has adopted international best practices, the highest standards of service quality and operational excellence, and offers comprehensive banking and financial solutions to all its valued customers. A key strength and differentiating feature of YES BANK is its knowledge driven approach to banking and an unprecedented customer experience for its retail and wealth management clients.

YES BANK is steadily building corporate and institutional banking, financial markets, investment banking, corporate finance, business (SME) and transactional banking, retail banking and wealth management business lines across the country. The Bank's constant endeavour is to provide a delightful banking experience expressed with simplicity, empathy and totality.

About Daptiv, Inc.

Founded in 1997, Daptiv is the on-demand leader in collaborative business software that enables companies of all sizes to transform their mid-office business operations. From new product development to operations and service delivery, Daptiv's on-demand work management solutions streamline employees' day-to-day interaction and collaboration while dramatically reducing the complexity of managing multiple teams, projects and tasks. Daptiv also gives executives unparalleled visibility into project, program and portfolio execution, as well as the ability to measure progress against key business priorities. Daptiv's flexible environment easily adapts to the work management needs of any department -- from IT and finance to marketing and human resources -- with an intuitive user interface, point-and-click system configuration and fast creation of forms, reports and alerts. Based in Seattle, Washington, Daptiv has already transformed the mid-office for more than 700 customers and 100,000 individuals at companies such as BASF, BP, Cushman and Wakefield, Chase Paymentech, Honeywell, Merrill Lynch, Sprint/Nextel, Blue Cross and Blue Shield of Kansas City and Virgin Blue. For more information visit www.daptiv.com.

Contact Information: For further information, please contact: Monica Miller or Zoe Vandeveer LaunchSquad 415-625-8555 daptiv(at)launchsquad(dot)com Neha Chopra YES BANK Ph.: + 91 22 6669 9178 Fax: +91 22 24900314 Email: neha.chopra@yesbank.in