AltoWeb Announces Second Round Funding.

Business Editors, High Tech Writers

PALO ALTO, Calif.--(BUSINESS WIRE)--June 8, 2000

AltoWeb, Inc., the leader in Visual e-Business Infrastructure Software, announced today that it has received funding from a group of investors led by Norwest Venture Partners. Other investors included The Intel 64 Fund and MV Ventures. AltoWeb CEO, Ali Kutay, said that the funding supports the company's strategy to deliver software that seamlessly incorporates companies' e-business strategy with the rest of their global enterprise.

Kevin G. Hall, General Partner, Norwest Venture Partners, said, "We invest in companies with strong, experienced management and innovative technology attacking a large, emerging marketplace. AltoWeb is a unique opportunity that excels in those criteria along every dimension. We are very excited about this company."

George J. Still, Jr., also a Norwest General Partner, said, "The AltoWeb software captured our attention right away because it is both a powerful way to share and display information through the Internet while also reducing the complexity and human resource necessary to make that information available to end users."

CEO Kutay, formerly CEO of WebLogic, was one of the seed investors in AltoWeb, along with Frank Caulfield, principal at Silicon Valley venture capital firm Kleiner Perkins Caulfield & Byers, and Regis McKenna, Chairman of the McKenna Group. AltoWeb is also backed by The Intel 64 Fund, which includes as co-investors Intel, Compaq, Dell, Hewlett-Packard, Intel, NEC, and SGI.

Norwest Venture Partners, founded in 1961, is the premier venture capital business partner for emerging growth IT companies. The firm actively manages $850 million in investments and has raised more than $1 billion since inception. Norwest Venture Partners has a broad information technology investment focus, including software and the Internet, data communications, telecommunications, semiconductors and subscriber-based services. The firm prides itself on supporting companies beyond the call of duty with the reputation, financial resources, seasoned business experience and network of relationships required for success. The firm has invested in such market leaders as Annuncio Software, Brocade Communications (NASDAQ: BRCD), Cerent Corporation (acquired by Cisco Systems [NASDAQ: CSCO]), Corio, Extreme Networks (NASDAQ: EXTR), OnDisplay Inc., (NASDAQ: ONDS), Siara Systems (acquired by Redback Networks Inc., [NASDAQ: RBAK]) and Verio (NASDAQ: VRIO). Information on Norwest Venture Partners is available on the Internet at www.norwestvp.com or by calling 650-321-8000.

About AltoWeb

AltoWeb, Inc is the first company to provide Visual e-Business Infrastructure Software. Visual e-Business Infrastructure enables the rapid assembly of Web applications with a component-based architecture that delivers seamless access to data from disparate sources-both inside and outside an organization. Supported industry standards include J2EE, XML, HTML, WML, JSP, and ASP. AltoWeb dramatically changes the Web experience and accelerates deployment of innovative solutions in real-time. Key Altoweb backers include The Intel 64 Fund, Norwest Venture Partners and seed investors Frank Caufield, Regis McKenna and Altoweb CEO Ali Kutay. The company can be reached at www.altoweb.com.

AltoWeb is a trademark of AltoWeb, Inc.