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May 28th, 2009 - Ivara Corporation Announces Russian Reseller Partnership with Bellwood Systems

BURLINGTON, ON (May 28, 2009) - Ivara Corporation, the industry leader and innovator in asset performance management solutions, today announced a reseller partnership with Bellwood Systems Limited, a leading Moscow-based IT solutions provider. With the partnership, Bellwood will resell and provide implementation services for Ivara EXP Enterprise asset performance management software to asset-intensive companies in Russia and CIS states. The agreement supports Ivara's strategy to expand the global market for EXP Enterprise.

Along with the company's reseller status, Bellwood Systems is also a member of The Aladon Network - Ivara's global network of reliability experts. As a Network member, the company is certified to deliver training and consulting services for Ivara Asset Risk Prioritization, as well as Ivara RCM2 and Ivara Maintenance Task Analysis - two advanced methodologies offering team-based approaches to developing a reliability strategy for all assets in an organization.

EXP Enterprise provides a cohesive and integrated platform to develop, implement and manage a living equipment reliability program. EXP, supported by advanced reliability practices, enables Ivara's renowned proactive asset reliability process. The process is developed and sustained with the Ivara Work Smart delivery methodology, which builds and implements asset reliability programs one asset at a time.

"As a recognized leader in reliability software, process and methodology, we are excited to partner with Ivara," says Dmitri Saveliev, CEO, Bellwood Systems Inc. "As an Ivara reseller we will empower our customers to achieve a proactive equipment reliability process, driven by EXP Enterprise."

"We have strategic focus to expand our global market presence and Bellwood Systems has a strong presence in the Russian manufacturing and process industries," says Paul Marshall, president, Ivara Corporation. "We are confident that this partnership will support our growth objectives and enable Bellwood to meet their customer's growing demand for reliability-based asset performance management solutions."

About Ivara:
Ivara is the leader in asset performance management software, Ivaraź EXP Enterprise, and services including Ivara RCM2, the leading reliability strategy development methodology. RCM2 is delivered exclusively by The Aladon Network, Ivara's global network of reliability experts. Ivara EXP prevents industrial equipment failure, increases production and lowers costs for better business performance. EXP transforms data into real-time intelligence and helps plant and operations management make fast and accurate business decisions. Customers worldwide, representing a cross section of asset intensive industries, realize the benefits of EXP every day. For more information, visit .

About Bellwood Systems:
Bellwood Systems is a Russian IT solutions company specializing in system integration, implementation and IT consulting. Bellwood System's clients include RusHydro, RUSAL, Caspian Pipeline Consortium, TGC-1, TMK-SMS and Tatenergo among others. .

Ivara Contact:
Sandra DiMatteo
Director of Marketing
Ivara Corporation
Tel: (905) 632-8000 ext. 271

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