Asera Names David Murphy New President and CEO; Tivoli Software Chief to Lead Next Phase of Growth for Asera.

Business Editors/High-Tech Writers

BELMONT, Calif.--(BUSINESS WIRE)--May 22, 2001

Asera Inc., provider of the leading eBusiness Operating System, announced today that David Murphy has been named president and chief executive officer, succeeding Warren Weiss.

Since 1998, Murphy has been at Tivoli Systems, an IBM company (NYSE: IBM), where he was most recently president. Previously, he had been responsible for Tivoli's overall strategic, business development and corporate alliances activities as senior vice president of corporate development. During his three years with Tivoli, revenue tripled to approximately $2 billion as Murphy led expansions into new applications and market sectors. Warren Weiss will remain with Asera as a special advisor to the Board to assist in the management transition over the next two quarters.

"Asera has met or exceeded its sales targets for seven consecutive quarters and is now entering a new phase of growth where the critical challenge will be scaling to meet customer demand," said Ray Lane, former president and COO of Oracle Corporation (NASDAQ: ORCL), now a member of Asera's board and general partner at Kleiner Perkins Caufield and Byers. "Warren Weiss brought us great leadership in the startup phase. David brings the seasoned leadership, strategic vision and technology prowess that will allow Asera to build its market leadership in the next growth phase."

While at Tivoli Systems, Murphy oversaw new market initiatives that added approximately $500 million in revenue over the past 18 months from enterprise and xSP customers. Before Tivoli, Murphy headed the private equity investments group at Perot Systems where he worked closely with a number of buyout groups, systems integrators and independent software vendors to build partnerships and applications hosting arrangements. Prior to Perot Systems, he was a partner at McKinsey & Company, Inc., an international management consulting firm.

Murphy holds a master of business administration degree from Stanford University, a master of science degree in electrical engineering from Florida Atlantic University, and a bachelor of science degree in computer science and applied mathematics from the University of Louisville.

"Under Warren's leadership, Asera won major customers such as BP, Cadence, Stinnes Interfer A.G. and Steel24-7, increased market traction with partners such as Accenture, built market momentum for its flagship eBusiness Operating System and assembled a world-class management team," said Vinod Khosla, Asera co-founder and general partner at Kleiner Perkins Caufield & Byers.

Asera has grown rapidly since its founding in 1998, with $175 million in corporate and venture-backed investment, a stellar Board of Directors that includes Vinod Khosla and Ray Lane, general partners at Kleiner Perkins Caufield & Byers; Pete Solvik, senior vice president and CIO of Cisco Systems; Rob Carter, executive vice president and CIO of FedEx Corporation; Janpieter Scheerder, president of Network Storage at Sun Microsystems; Naomi Seligman, senior partner at Cassius Advisors; Ernest von Simson, senior partner at Cassius Advisors; and Matthew Cowan, general partner, Bowman Capital Management; and approximately 30 enterprise customers.

Indicative of Asera's continued growth, last month, the company announced two new customers and was the recipient of two prestigious industry awards:

-- BP's commercial fuels business unit selected Asera to support its
BPDirect.com real-time private trading exchange.

-- Steel24-7 signed a multi-million dollar agreement with Asera to power a new
steel marketplace comprised of the leading steel manufacturers in Europe.

-- Red Herring Magazine named Asera to the "Red Herring 100," the annual roster
of top private and public companies selected by the editors of Red Herring
Magazine.

-- Network World named Asera one of the "10 Startups to Watch" in 2001 in
recognition of its role as a visionary software provider.

About Asera, Inc.

Asera provides Global 2000 and emerging-growth companies with an eBusiness Operating System that includes a patent-pending software platform and applications development environment. Asera allows companies to customize best-in-class software applications, implement their business processes rapidly, and remain insulated from the cost and complexity of technology change. Asera's(TM) eBusiness Operating System(TM) is a critical enabling technology for the emerging Real-time Enterprise. Based in Silicon Valley, Asera also has offices in the U.K. and Germany. Asera can be found on the Web at http://www.asera.com.

Note to Editors: Asera and the Asera eBusiness Operating System are trademarks of Asera Inc. All other products and names may be trademarks of their respective companies.