Deutsche Bank Receives Acorn Systems’ 2007-2008 Customer of the Year Award

HOUSTON, TX, April 8, 2008/PR Newswire/ – Acorn Systems honors Deutsche Bank (NYSE: DB) as its 2007-2008 Customer of the Year Award recipient in recognition of their remarkable results. Deutsche Bank utilizes Acorn’s best of breed software and methodology to minimize cost and improve operational efficiencies. Acorn is proud to pay tribute to the bank and specifically to Barry Zucker, Director Global Business Manager Infrastructure, COO / GTO Investment Banking Operations, and his team whose hard work has been instrumental to the success of the project.

In particular, Deutsche Bank has demonstrated
1. Outstanding vision in using performance measurement to drive performance improvement
2. Organizational commitment to implementing the solution and using the new insight created to drive action
3. The use of industry best practices for allocating shared service costs
4. Strong executive leadership focused on performance improvement
5. Collaboration with the Acorn Systems team before, during, and after implementation as a true customer partner


“For a company in one of these industry verticals who is interested in implementing a costing or profitability solution, the ‘silver bullet’ of accelerated profit and performance improvement is here,” said Chris Fraga, Chief Strategy Officer of Acorn Systems. “With any of our traditional software competitors, you are essentially buying software that requires quarters to man-years of internal resources, consulting services and brute force to build, customize and implement a system for your specific needs. Imagine the advantage of investing in software that is pre-populated with proven best practices from the start. Pre-defined data dictionaries, a pre-configured business process model and pre-built reporting and analytics greatly reduce the time to implement so the solution can be used for its intended purpose – meaningful analysis and making profitable business decisions.”

“Deutsche Bank embodies the award winning characteristics that one would imagine in a recipient of a Customer of the Year nomination,” said J. Alex Fernandez, President and COO of Acorn Systems. “It has been an honor for our team to work with such a talented group of professionals, who are both committed to, and successful in, improving their performance day-in and day-out. We salute and honor Deutsche Bank, from their leadership team to operations, for their vision, commitment and success.”

Deutsche Bank joins the 2006-07 recipient of Acorn Systems’ Customer of the Year award, Tempel Steel. Tempel Steel was recognized for their strategic and tactical execution of profitability and performance management, advanced implementation of the Acorn Systems solution and using industry best practices to capture profit improvement. Don Weissenburger, a Tempel executive, led the effort.

About Deutsche Bank
Deutsche Bank is a leading global investment bank with a strong and profitable private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With 77,920 employees in 75 countries, Deutsche Bank offers unparalleled financial services throughout the world. The bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.

About Acorn Systems
Acorn Systems provides profit improvement solutions that enable clients to maximize revenue, minimize cost, and improve operational efficiencies. Acorn reveals profit improvement opportunities across the enterprise — customers, channels, segments, products, vendors and processes — enabling clients to make continuous, fact-based decisions to improve their bottom line and Earnings per Share (EPS). Acorn’s unique and proven approach to profit improvement is used by leaders in Financial Services, Retail, Consumer Products, Manufacturing, Distribution and Logistics, who have realized over $1B in annual profit improvements and created over $9B in new shareholder value. For more information, visit www.acornsys.com or contact sales@acornsys.com.

Contact:
Acorn Systems
Kim DeSmyter Box
713-963-9000 ext. 2017
kbox@acornsys.com