AppIQ Names David Lemont President and CEO; Software Industry Veteran Tapped to Lead New Growth Phase for Leader of Advanced Storage Management Solutions.

Business Editors/High-Tech Writers

BURLINGTON, Mass.--(BUSINESS WIRE)--Jan. 23, 2003

AppIQ(TM), the leader of the open management revolution in storage management software, announced today the appointment of David Lemont as its new President and Chief Executive Officer. Lemont brings over 20 years of success in building businesses in the software industry to AppIQ. During a distinguished career, Lemont has successfully launched, grown and guided numerous software operations in a broad array of industries from inception through initial public offering.

"Dave brings precisely the right complementary skills to an already strong management team," said Ash Ashutosh, Co-founder, Executive Vice President and Chief Technology Officer, AppIQ. "AppIQ is committed to providing compelling, comprehensive storage and application management solutions to the enterprise market. Dave's unquestionable track record in building software organizations with sustained customer value combined with AppIQ's industry leading, standards-based solutions will play a critical role in our ability to deliver on this commitment to our customers."

Immediately prior to his appointment at AppIQ, Lemont was CEO of Revit Technology Corp., the creator of the first parametric building modeler for architects, engineers, and construction professionals. Revit Technology was acquired in 2002 by Autodesk, Inc. (Nasdaq: ADSK). Lemont was also Chief Operating Officer at Concentra Corp., the leading provider of CRM solutions for product configuration, which he took public in 1996. After Oracle Corp. (Nasdaq: ORCL) merged with Concentra Corp., Lemont was Vice President and General Manager of Oracle's Product Configuration Division. Earlier, Lemont successfully deployed enterprise solutions through executive sales leadership of EDS Corp.'s (NYSE: EDS) Unigraphics division and Computervision Corp., among others.

"I am very pleased to be part of this exciting and dynamic organization," said Lemont. "In the competitive marketplace for storage management solutions, AppIQ's comprehensive solutions and vision, emphasis on customer satisfaction, and reliance on standards separate this company from the pack. AppIQ provides an ideal opportunity to create a strong company by focusing on customers and their needs for advanced IT management systems."

About AppIQ

AppIQ(TM), Inc. is leading a revolution in open management. The AppIQ Solution Suite is the first standards-built solution to simplify the management of complex storage environments for IT professionals in enterprises of all sizes. Reduced complexity is achieved by managing the infrastructure as a system, integrating business applications, and implementing open industry standards. The result is an easy-to-deploy and simple-to-use solution that provides more efficient use of existing assets, increased application availability, and quicker deployment of storage infrastructure and business applications. AppIQ has delivered enabling technology based on industry standards to a number of partners to further the rapid adoption of standards in the storage industry. CIMIQ technology from AppIQ is enabling partners including Brocade (Nasdaq: BRCD), Hitachi Data Systems, LSI Logic Storage Systems (NYSE: LSI), Network Appliance (Nasdaq: NTAP) and Sun Microsystems, Inc. (Nasdaq: SUNW). AppIQ is also an active participant in leading industry standards groups including the Distributed Management Task Force, Inc. (DMTF) and the Storage Networking Industry Association (SNIA). Investors in AppIQ include Matrix Partners and North Bridge Venture Partners. Contact AppIQ at [e-mail], [phone] or visit www.appiq.com for more information.

AppIQ is a trademark of AppIQ, Inc. in the United States and other countries. All other brands or products are trademarks or registered trademarks of their respective holders and should be treated as such.