Ripley Chile Selects Manthan Systems to Enhance Business Agility

CHICAGO, June 15, 2010 - Manthan Systems, Inc., a leading provider of Business
Intelligence (BI) and Analytics solutions for the retail and consumer goods
industries today announced that Ripley Chile Inc. has selected its flagship
product, ARC Merchandise Analytics.

A comprehensive performance management solution for retail
merchandising, ARC Merchandise Analytics will assist Ripley in optimizing
inventory levels and in stock positions, improving assortments, reviewing
competitive positioning, and better managing in store operations. Along with
Manthan's failsafe guaranteed ARC implementation, Ripley is also deploying
Manthan's Retail Performance Management Framework, a best practices
role-based implementation approach that ensures rapid adoption of BI within a
retail organization, reduces time to benefit, and accelerates ROI.

"With today's rapidly growing and competitive business
environment, it became essential that we provided our associates with the
best possible systems to improve productivity and employ better insight into
critical decisions," says Ronny Scheller, Director of Merchandise Planning
and Logistics. With Manthan Systems in place we are employing the next
generation in Retail BI and equipping Ripley with state of the art
capabilities.

"ARC will replace our legacy BI environment" noted Gustavo
Pardo, CTO/COO. "ARC will transform the way our merchandising executives look
at their business, but will also touch many other areas within Ripley,
including areas such as store operations, marketing, finance, and loss
prevention"

"We are pleased to welcome Ripley Chile to the rapidly growing
list of progressive Retailers worldwide that have selected ARC to support
their critical decision making processes." said Peter Charness, President
Manthan America. "We look forward to the rapid completion of our
implementation projects, and seeing our latest client benefiting from the use
of ARC across their organization."

About Ripley

Ripley Corp is one of the largest retail companies in Chile
and Peru. Ripley's main line of business is the retail sale of clothing,
accessories and home furnishings, though the company also participates in the
financial business through direct credit to its customers. Ripley is focused
on giving its customers an experience that is new and unique with its decor
and the world famous brands in its assortment.

About Manthan Systems

Manthan Systems is the leading producer of analytics solutions
for retailers around the world. Manthan's cutting edge solutions help their
customers gain a competitive edge by improving their decision making
processes. Manthan's products address the critical needs for the business
intelligence and analytical needs of retailers. For more information about
Manthan Systems, please visit www.manthansystems.com.

    Media contact
    Peter Charness
    Tel: USA: +1-800-746-9370
    Email: media.contact@manthansystems.com

Media contact: Peter Charness, Tel: USA: +1-800-746-9370,
Email: media.contact at manthansystems.com