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Subject: OASIS MEMBER NEWS: EXTRICITY SOFTWARE POSTS RECORD QUARTER
NOTE: This message from Carolynn Sherby <csherby@msx.extricity.com> EXTRICITY SOFTWARE POSTS RECORD QUARTER Phenomenal Growth In 1999 Validates B2B As Most Significant Innovation Since Invention of Assembly Line REDWOOD SHORES, Calif.-January 18, 2000-Extricity Software, Inc. ended the year by posting record revenues for the third quarter fiscal year ending December 31, 1999. The record revenue quarter represents an increase of more than triple revenues from the same period a year ago. The jump in third quarter revenues was driven by the addition of numerous new Extricity customers, comprising more than 75 different trading partners spanning several industries. Extricity is providing these organizations with new, global B2B initiatives, including e-commerce fulfillment and supply chain integration. "B2B is red hot," said Ken Ross, Extricity Software's president and CEO. "Companies understand that B2B is much more than digital versions of consumer catalogs; businesses are looking for a complete B2B solution that can be rapidly deployed and ready to use in a production environment. As the industry's recognized leader in providing the most comprehensive B2B solution, Extricity continues to set the agenda for B2B," Ross stated. Last November, Extricity announced a partnership with IBM Corp. Under that agreement, IBM will resell and market the Extricity AllianceSeries family of B2B e-commerce software through IBM's worldwide sales force. In addition to the new partnership agreement with IBM, Extricity Software also signed partnership agreements this past year with Aspen Technology, Inc., OnDisplay, Inc. and Manugistics Group, Inc.. In addition to expanding its partnership alliances, Extricity also expanded its direct sales distribution operations in the U.S. and abroad. In the U. S., Extricity tripled the size of its sales force this year and opened six new sales offices. The new sales offices are located in Atlanta, Boston, Cincinnati, Dallas, Los Angeles and New York. In addition, Extricity recently expanded its headquarters offices located in Redwood Shores, Calif. The company now has more than 145 employees worldwide. In addition, Extricity last year launched its European operations, and opened a new office in London, U.K. In Asia, Extricity also recently partnered with Unitopia, a Taiwan-based company, who will resell and market the Extricity AllianceSeries family of products throughout Asia Pacific. "We are excited to be a partner with Extricity Software," said Pei-Hsiung Chin, Unitopia's president. "The Asian market is eager to incorporate B2B e-commerce technology, and Extricity is the leader in this area," said Chin. About Extricity Software Extricity Software, Inc. is the premier provider of comprehensive, packaged business-to-business software solutions. The Extricity AllianceSeries family of XML-based e-commerce solutions allows Global 2000 companies to dramatically improve both their efficiencies and competitiveness by leveraging the Internet to automate critical business processes and the flow of information between partners, customers and suppliers. Founded in 1996, Extricity is a privately held company headquartered in Redwood Shores, Calif. with offices worldwide. Recently featured in Time Magazine as an example of highly innovative technology companies that are creating new business models based on business-to-business (B2B) electronic commerce, Extricity was also named by Fortune Magazine as one of the "Top 25 Enterprise Software Companies to Watch". Extricity has formed strategic partnerships with companies such as Baan, IBM, Intel, Microsoft, OnDisplay, PeopleSoft, SAP, and TIBCO. Additionally, Extricity is working with major management consulting and systems integrators, including Andersen Consulting, Cambridge Technology Partners, IBM Global Services and PricewaterhouseCoopers. For more information, contact Extricity Software by phone at (650) 596-4500, via email at info@extricity.com, or on the web at www.extricity.com. ### Carolynn Sherby Director, PR and Analyst Relations Extricity Software 555 Twin Dolphin Drive, Suite 600 Redwood Shores, CA 94065 Direct 650-596-4531 Fax 650-596-1310 email: csherby@extricity.com www.extricity.com
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