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Serena Software Earns Accolades from Both Deloitte and Software Magazine

Change Governance Leader Honored as Fast-Growing Software Company

SAN MATEO, Calif. — Nov. 13, 2006 — Serena Software, Inc., the Change Governance™ leader, today announced that Deloitte recognized Serena on its prestigious Technology Fast 50 Program for Silicon Valley, and Software Magazine named Serena one of the year’s 10 fastest-growing software and services providers in the world.

“Being recognized by both Deloitte and Software Magazine is an honor for Serena and a tribute to the success of our Change Governance strategy,” said Matt DiMaria, vice president of worldwide marketing for Serena. “Serena’s growth is a direct result of the business value customers realize from being able to control change across the enterprise.”

With Change Governance solutions from Serena, all change-related activities – planning, developing, implementing, monitoring, and enforcing – are integrated across the enterprise to bridge silos of change and create a common frame of reference for business and IT. This approach eliminates the high costs, poor quality, and excessive risks that often result from traditional methods of dealing with change, enabling IT to deliver greater value to the business.

“We applaud Serena’s dedication to making its vision a reality,” said Mark Jensen, national director of the Venture Capital Services Group for Deloitte & Touche LLP. Jensen praised Serena for its “phenomenal revenue growth over five years.”

Deloitte’s Technology Fast 50 ranks the 50 fastest growing technology, media, telecommunications and life sciences companies in each of 15 regions in the United States and Canada.

Software Magazine’s Software 500 is a revenue-based ranking of the world’s largest software and services suppliers targeting medium to large enterprises, their IT professionals, software developers and business managers involved in software and services purchasing. The ranking is based on total worldwide software and services revenue for 2005.

“The Software 500 helps CIOs, senior IT managers and IT staff research and create the short list of business partners,” says John P. Desmond, editor of Software Magazine and Softwaremag.com. “It is a quick reference of vendor viability. That is content of value.”

About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms and their respective subsidiaries and affiliates.  As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other’s acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names “Deloitte”, “Deloitte & Touche”, “Deloitte Touche Tohmatsu” or other related names. Services are provided by the member firms or their subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu Verein.

Deloitte & Touche USA LLP is the US member firm of Deloitte Touche Tohmatsu.  In the US, services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory Services LLP, Deloitte Tax LLP and their subsidiaries), and not by Deloitte & Touche USA LLP.

About Digital Software Magazine, the Software Decision Journal, and Softwaremag.com
Digital Software Magazine, the Software Decision Journal, has been a brand name in the high-tech industry for nearly 30 years. Softwaremag.com, its Web counterpart, is the online catalog to enterprise software and the home of the Software 500 ranking of the world’s largest software and services companies, now in its 24th year. Software Magazine and Softwaremag.com are owned and operated by King Content Co.

About Serena Software, Inc.
Serena Software, the Change Governance™ leader, provides software and services to more than 15,000 organizations around the world—including 96 of the Fortune 100 and 90 of the Global 100. Recognized by IDC as the largest software provider focused exclusively on change, Serena offers a new approach to change—Change Governance—that enables businesses to efficiently, consistently, and successfully control change across the enterprise. Serena helps companies capitalize on change to achieve transformative business results. Serena has more than 800 employees worldwide and is headquartered in San Mateo, California, with offices throughout the U.S., Europe, and Asia Pacific. For more information, please visit www.serena.com.

Serena is a registered trademark of Serena Software, Inc. Change Governance is a trademark of Serena Software, Inc. All other products or company names are used for identification purposes only, and may be trademarks of their respective owners. Copyright © 2006 SERENA Software, Inc. All Rights Reserved.