I-many Signs Three Major License Deals Totaling $3.0 Million

EDISON, NJ -- (Marketwire) -- 03/31/09 -- I-many, Inc. (NASDAQ: IMNY), a leading provider of contract management software and services for the enterprise, has signed three major software license and support agreements in the first quarter of 2009 with a combined valued of $3.0 million. Two of the transactions were with Fortune 50 companies and both ranged in the seven figures for total committed license and support fees.

These customers extended their long-term relationships with I-many by making multi-year commitments to I-many's contract management suite, with options tailored to meet their unique business needs. One of the seven figure deals was a subscription and the other two transactions were perpetual licenses. All include maintenance and support which helps secure I-many's long term recurring revenue stream. The transactions were in both the Life Sciences and Industry Solutions segments of I-many's business.

"These commitments reflect the broad level of confidence our customers have in our ability to provide proven, industry leading products that meet their contract management and compliance needs today and into the future," said John A. Rade, president and CEO of I-many. "It also demonstrates I-many's ability to be adaptable and perform successfully in the current economic climate, and particularly achieve the goals we set out for 2009."

In December 2008, I-many announced the implementation of an extensive transformational strategy. This effort was focused on streamlining operations, improving financial performance and refocusing the company's sales force. "These agreements are the first tangible results from our new operational structure," added Rade. "In light of this progress, plus other smaller transactions we've booked in the quarter, we reaffirm our guidance of generating cash in 2009 through achieving positive EBITDA in every quarter. We are well on track to achieving these goals."

About I-many®

I-many (NASDAQ: IMNY) is the leading provider of contract management software and services for the enterprise. With hundreds of companies across 21 industries worldwide, I-many is enabling businesses to manage the entire contract life cycle, from pre-contract processes and contract management to active compliance, contract optimization, demand channel visibility and control. The result is an end-to-end solution that provides greater levels of insight into contract performance, allowing companies to improve profitability and achieve a measurable return on investment. For more information, please visit www.imany.com.

This news release contains forward-looking statements, and actual results may vary from those expressed or implied herein. Factors that could affect these results include: the risk that the review of our first-quarter results by our auditors will result in lower-than-expected revenues or higher-than-expected costs, and the risk of unforeseen technical or practical impediments to planned software development and other risk factors set forth from time to time in the Company's filings with the Securities and Exchange Commission.