News and Events

FOR IMMEDIATE RELEASE
Contact:
Steve Pinchotti
Altum, Inc. (www.altum.com)
703-675-3606
steve.pinchotti@altum.com

Altum, Inc. offers free use of Accountability and Grant Tracking System to Katrina Relief Organizations

Reston, VA. September 22, 2005 - Altum, Inc. announced today that it will donate to willing Katrina relief recipient organizations the hardware and software required for these agencies to electronically track the relief funding that they receive and which they, in turn, expend or further distribute to sub-grantees. This system, which has been in use at the National Institutes of Health for over eight years, is used to categorize, track, and report grants financial and performance information. NIH, one of the world’s largest grant-making agencies, routinely relies on Altum systems to generate immediate responses to urgent inquiries from Congress, the press, interest groups, and citizens. It also is the mechanism with which NIH collects the data comprising its statutorily mandated annual report to Congress.

Altum will donate both the hardware and software of the grant tracking system, cost-free, to willing Katrina recipients for use for one year. With this system, recipient users will be able to populate, groom, and query their own databases, without a need to call on hard-pressed or non-existent IT departments. Any hourly-rate labor services required to configure the system will be offered at a reduced rate.

In a time of tight federal budgets and rising deficits, all in Washington will be working hard to assure that funds are well spent. The House Committee on Government Reform, for example, will be at least one source of oversight. The Committee, on its website, has affirmed its intention “to make sure mechanisms are in place to prevent people from capitalizing on catastrophe, whether it be price gouging at the pump or stealing money from the best among us through bogus charities.” The Committee states that it “need[s] to review again how effectively DHS grants are being spent in urban areas around the country.” President George Bush’s promise of $200B of Katrina relief underscores the magnitude of the importance of assuring that funds are well spent.

About Altum, Inc.

Altum's solutions help organizations monitor, measure, analyze, and improve their business by giving them control over their data. We are a professional software development and consulting firm that builds solutions that enable users to quickly access, analyze, and make informed decisions from the data locked up in corporate data sources.

Too often, enterprise systems are developed to process transactions and collect information. Relatively few allow users to easily get the information they need out of these corporate data vaults. Our systems focus on results by using a proven and robust query and reporting framework.

Our customers are delighted by cost-effective, high quality software solutions delivered on-time, on-budget, and with unparalleled customer service.

Altum's software and product solutions include the Altum Post-Award Grant Management Suite™ and the Altum Information Enhancement Suite™, each consisting of 4 modules: Collection Module™, Analysis Module™, Query Module™ and Search Module™. AltumMedigent ™ is a robust content management system and online collaboration tool.

Altum is proud to be nominated two years in a row as one of the 50 fastest growing technology companies in Virginia as well as one of the fastest 500 growing technology companies in North America (www.fast500.com).

Founded in 1997, Altum is a privately held corporation headquartered in Reston, VA, just outside Washington, D.C., with an additional location in Burlington, Vermont.

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