Released on = September 28, 2006, 7:44 am

Press Release Author = CODA

Industry = Small Business

Press Release Summary = Chain of over 900 Hotels and Restaurants, based in France,
standardises on CODA-Financials

Press Release Body = CODA Group, the finance systems specialist, today announced
that Louvre Hotels has chosen CODA-Financials as its

standard financial management software solution in a deal worth approximately €790,000.

The Louvre Hotels group, which is based in France, is owned by Starwood Capital and
comprises over 900 hotels and restaurants across Europe under brands including
Crillion, Concord, Kyriad, Blue Marine, Campanile and Premier Classe. A small part
of the group had previously used CODA-Financials, and when the group decided to
standardise its finances on a single system, a short-list of Aneal (GEAC) and CODA
was quickly arrived at. After detailed evaluations, CODA-Financials became Louvre
Hotel Group’s preferred solution.

Louvre Hotels’ new system will cater for 230 concurrent users in Italy, Spain,
Holland, Belgium, Germany, Switzerland, and Poland. The system will be deployed
using CODA’s ‘Flexible Deployment’ licenses to maximise return on Louvre Hotels’
investment in a variety of desktop environments. All users will also have the
CODA-XL Professional interface to Microsoft Excel spreadsheets. The system will be
implemented in Italian, Spanish, Dutch, German and Polish, and will also include
CODA e-Billing and the CODA-XMLi interface. The contract was signed on 27th June
2006, and has a total value in excess of €790,000.

Steven Jacobs, President and CEO Louvre Hotels Budget Group, said: “We needed to
bring our whole European business onto one financial platform to provide a unified
and standardised financial management platform. Our previous experience with CODA in
part of our group, together with CODA’s experience of an extensive client base in
the industry, led us to conclude that CODA-Financials is the best platform to meet
our financial needs.”
Louvre Hotels group expects to roll-out the new system to all key European business
units over the course of the next year. The first phase is planned to go live at the
end of November 2006 with the rest of the group fully implemented during 2007. Once
the system is live within the 9 countries in which Louvre Hotels operates, it will
provide simplified consolidation and reporting of the group’s finances, increased
visibility for business unit and group managers, and improved accuracy of results
and forecasts reported to the Starwood Capital.

ABOUT CODA

CODA creates, markets and implements a complete range of software systems designed
specifically to meet the needs of corporate Finance Officers and Finance
Departments. These include financial management systems, analysis applications, and
business process management and control software to implement compliance solutions.
Its service oriented architecture also makes CODA software easy for clients and
other vendors to integrate it with their business applications.

CODA was founded in 1979, has around 550 employees working from 13 global locations.
CODA software is designed for multi-currency, multi-language, multi-country,
multi-company and multi-site operations, and is used by around 2,600 medium and
large organizations in over 100 countries in a variety of markets and within both
public and commercial sectors.


Web Site = http://www.coda.com

Contact Details = Emma Hoyle||Beckwith Head Road-Cardale Park ||Harrogate , HG3
1RY||$$country||||44-01423-537-977||Emma.hoyle@coda.com||http://www.coda.com