Apexon Names Richard Nieset Vice President of Sales; Experienced Supply Chain Software Executive Joins Operational Supplier Relationship Management --SRM-- Team.

Business Editors/High-Tech Writers

SAN JOSE, Calif.--(BUSINESS WIRE)--March 24, 2003

Apexon Inc., an emerging leader in Operational Supplier Relationship Management (SRM) solutions, today announced the appointment of Richard Nieset as the company's vice president of sales. Nieset brings more than 20 years of consultative selling experience in the enterprise software market. In his new role, Nieset is responsible for Apexon's global sales organization.

"Richard is a proven enterprise software executive, with exceptional experience in the supply chain market," said Apexon CEO Matt Holleran. "He has a track record of building successful sales organizations from inception to clear market leaders in large software segments. His ability to develop a consultative sales organization to deliver supply chain solutions that provide value to both manufacturers as well as suppliers will be invaluable to Apexon. Richard will be instrumental in helping Apexon become the global leader in Operational Supplier Relationship Management solutions and is an excellent addition to our management team."

Previously, Nieset was vice president of North American sales at Agile Software, a leading collaborative supply chain software provider. He was instrumental in leading Agile's sales from inception to the global leader of collaborative supply chain solutions with a fiercely loyal customer base of more than 800 companies. Prior to Agile, Nieset was a senior sales executive at Sherpa Corporation, a provider of Product Lifecycle Management (PLM) software that was later acquired by SDRC. While at Sherpa, Nieset was responsible for global accounts such as General Motors, Rockwell, Autoliv, United Technologies and Crane. Prior to Sherpa, Nieset was vice president of field operations for Rexcom Systems, a diversified software provider where he was responsible for all customer facing operations, including marketing, sales, professional services and customer support. Prior to Rexcom, Nieset held senior sales positions at PerkinElmer, Inc., a global technology leader focused on Life and Analytical Sciences, Optoelectronics, and Fluid Sciences; as well as Gould Instrument Systems, a manufacturer of a wide range of electronic instrumentation for a variety of industrial and medical applications.

"The ability to reduce the total cost of doing business with suppliers is of strategic importance to manufacturers today," said Nieset. "Apexon is delivering proven results in reducing these costs for large-scale, global customer deployments. Apexon is clearly the leader in this important emerging market and I look forward to working with its experienced management team to propel the company to the next level of growth."

Nieset has an undergraduate background in electrical engineering and computer science and holds a Bachelor of Arts degree in business from the University of Phoenix.

About Apexon

Apexon Inc. is a leading provider of operational Supplier Relationship Management (SRM) solutions that manage the day-to-day business processes between manufacturing plants and their suppliers. Its Apexon3 SRM suite enables manufacturers to synchronize the efforts of their global supply base to drive down total supplier costs, reduce inventories and improve supplier response times. Apexon is privately held with investments from Accel Partners, Foundation Capital, Menlo Ventures, Pacific Partners and David A. Stamm, co-founder and former CEO of Clarify, Inc. The company is based in San Jose, California and can be reached via the Internet at www.apexon.com or by calling 408/573-2500.

Note to Editors: Apexon and the Apexon logo are registered trademarks of Apexon. Other product or service names mentioned herein are the trademarks of their respective owners.