GOLDMAN SACHS INTERNATIONAL TO OFFER IMAGINE SOFTWARE'S ASP - DERIVATIVES.COM - TO PRIME BROKERAGE CLIENTS

NEW YORK, March 8, 2002 - Imagine Software, Inc. announced today that it has entered into a strategic alliance with Goldman Sachs International (GSI) to offer Imagine's ASP risk management and trading services to clients of GSI Prime Brokerage. This arrangement formalizes a partnership developed last year in which several prime brokerage clients of GSI began using the Imagine product.

Emmanual Roman, co-chief operating officer of Global Securities Services (GSS) in the Equities Division of Goldman Sachs said, "The Imagine product provides clients with real time pricing, real time risk analytics, and end-of-day analysis including VaR. We believe it significantly enhances our prime services offering."

"We already have numerous clients utilizing Imagine with great success," added Roman, "and we anticipate the growth of its use throughout our base of clients."

Imagine's Scott Sherman, Global Head of Sales and a Principal of the company, said, "Our system offers the hedge fund user a turn-key solution for real time risk management, multiple mechanisms for calculating VaR and a service bureau handling all of their end-of-day processing, including stock splits, dividend payments, volatility surfaces, and more."

About Imagine Software
Imagine's real time trading and risk management system is widely used internally by major banks and brokerages. More recently, through the portal Derivatives.com, Imagine was the first to provide the same capabilities to hedge fund clients via the Internet. Imagine's ASP (for Application Service Provider) has been in full operation for over a year now with clients all over the globe. The service includes a fully maintained security master, real time prices for listed securities as well as the provision of auxiliary data such as dividend projections and historical volatilities for some 65,000 stocks around the world. The service also performs middle and back office functions such as corporate actions maintenance, daily event processing such as the resetting of swaps and the posting of dividends, and calculation of funding costs, borrow costs and transaction fees. Imagine delivers Reuters real-time data, is powered by Sun Microsystems servers, and provides RSA Security user-authentication. The Imagine Trading System serves thousands of users worldwide, ranging from global banks and brokerages to hedge funds, including Deutsche Bank, First Union Corporation, Fleet Boston Robertson Stephens, KBC Financial Holdings, Salomon Smith Barney.

IMAGINE SOFTWARE, INC.
233 Broadway 17th floor
New York, NY 10279