WINGSPRING VENTURES INVESTS IN EXTRICITY

PLEASANTON, CA (May 11, 2000) — Wingspring, a business-to-business "springboard" that allows Internet ventures to accelerate early-stage development and invests in cutting-edge, business-oriented companies, announced today an investment in Extricity, Inc. Wingspring's venture arm, Wingspring Ventures, backed Extricity — the premier provider of comprehensive, packaged, business-to-business software solutions.

"When making strategic investments, we seek out companies that can add real value to our portfolio in terms of their distinctiveness," said Ofir Kedar, Managing Partner and Co-founder of Wingspring. "We look for companies to invest in whose product and services offerings are unique in their market niche, and, perhaps most importantly, that fill a need in a particular market. Extricity meets and exceeds these criteria."

Extricity raised a total of $50 million in mezzanine financing from both corporate and financial investors. Charter Venture Capital served as the lead investor. In addition to Wingspring, corporate investors in this funding included industry-leading companies such as: Aspen Technology, Inc.; Intel 64 Fund; Manugistics, Inc.; and SAP Ventures, a division of SAP AG. Major financial investor groups included: Charter Growth Capital, Broadview Capital Partners, Technology Crossover Ventures and Invesco. With the addition of the mezzanine round, Extricity has received a total of $85 million in financing since its inception in April of 1996.

About Extricity

Extricity is a leading provider of business-to-business software products that allow companies to manage the internal and external sharing of information and the execution of interactions among software applications and business partners over the Internet. Extricity refers to this exchange and management of information among groups of companies over the Internet as business-to-business relationship management, or B2BRM. Customers include: Adaptec, Advanced Micro Devices, MarketFusion, Inc., Mary Kay, Inc., Need2Buy and Solectron Corp. The company also works with system integrators and consulting firms, including: CSC, IBM Global Services and PricewaterhouseCoopers. Extricity's headquarters are located in Redwood Shores, Calif.

About Wingspring

Wingspring is a Palo Alto-based "springboard" for new business-to-business Internet ventures. Founded in January 2000 by five Silicon Valley entrepreneurs, Wingspring combines early stage investment with in-depth experience to accelerate business development and market success. Wingspring's team of Internet and e-commerce professionals offer support in all areas of business development, helping entrepreneurs develop a sustainable business model; create a powerful financial plan; develop scalable technology; create a strategic marketing program; recruit top talent; and, in general, optimize all opportunities facing a start-up business. Wingspring's state-of-the-art Incubator and Technology Center is located in Pleasanton, Calif.

In addition to its investment in Extricity, Wingspring Ventures has invested in Handyman Online. Wingspring currently has three portfolio companies in its state-of-the-art Incubator and Technology Center: RedKnife, Partini.com and Rocketbay. By year-end, Wingspring expects to incubate 12 companies.

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