Apogee Networks Opens New Global Headquarters in Saddle Brook, New Jersey; Establishes Global Network Operations Center.

Business & Technology Editors

SADDLE BROOK, N.J.--(BUSINESS WIRE)--Aug. 21, 2000

Apogee Networks, a leading global provider of advanced IP Content, Rating, Settlement and Billing platforms, today announced the opening of its new global headquarters in Saddle Brook, New Jersey. The new location was chosen to accommodate the technology company's rapidly expanding workforce and house the firm's new Global Network Operations Center (GNOC). Apogee Network is an industry leader in delivering Content Settlement and IP Billing solutions that enable global companies to capture online revenue and also ensure profitability for Internet initiatives. The company's new GNOC in Saddle Brook, New Jersey will provide global control, monitoring and quality control for Apogee Network's expanding customer base including ASPs, ISPs, Carriers, Wireless Internet Providers and Enterprise customers.

"Apogee Networks will continue to be a major employer in New Jersey," said Apogee Networks CEO and Founder Pablo Tapia. "Back in 1997, we started with just four employees with vision. In just three years, our workforce swelled to more than 100 employees, and we are still rapidly expanding."

Apogee Networks also has offices in major cities across the United States and has regional headquarters in Europe and in Asia.

"The rapid expansion of high technology firms companies in Bergen County, such as Apogee Networks, is indicative of the phenomenal growth that we continue to witness in Northern New Jersey," noted Representative Steven Rothman. "Companies like Apogee Networks are on the forefront of transforming the Garden State into a competitive high tech corridor that supports job growth."

Tapia added, "As business concerns on the Internet change, Apogee Networks has been a leader in creating new technologies to meet the demands of the marketplace. Our company was the first to market usage-based billing for Global Enterprise clients. Our recently launched NetCountant TM product line offers a full range of content rating, settlement, and billing solutions that enable customers to build new Business and Revenue models for the Internet."

About Apogee Networks

Headquartered in Saddle Brook, New Jersey, Apogee Networks, Inc. is the recognized leader in developing and deploying advanced IP Content Rating/Settlement and IP Billing solutions for IP Content Distributors, ASPs, ISPs, Carriers, Wireless Internet Providers and Enterprise customers. Apogee Networks' NetCountant(TM) product line provides full end-to-end content, revenue settlement and IP billing capabilities. Uniquely, NetCountant Billing provides real-time billing, flexible service creation and high scalability to meet the challenges of rapid customer growth. Apogee Networks' NetCountant Content Collection and NetCountant Settlement platforms provide advanced IP Content aggregation, processing, and revenue settlement capabilities for Content Distributors. NetCountant Accountability provides Global 2000 Enterprise and IP Network customers with the capability to better manage and allocate IP usage thereby realizing significant bandwidth cost savings. NetCountant Performance provides Global IP Networks with advanced measurement and diagnostic capabilities that increase overall network performance. The company's product recently was awarded Networld+Interop's Best-of-Show Award. Apogee Networks is a Charter member of the Internet Protocol Detail Record (IPDR) Association.

Apogee Networks investors include Fidelity Ventures Limited, Granite Ventures (formerly H&Q Venture Associates), Oak Investment Partners, INTEL, BBVA, Net One Systems Co., Ltd., CTC, and several private investors. For additional information about Apogee Networks, please call 1-888-APOGEE3 (276-4333), 1-201-368-8800,or email [e-mail] or visit us at http://www.apogeenetworks.com.