Atrica Taps New Sales and Service VP, Adds Telecom Veterans to Board; Brian Nugent Appointed Senior VP of Worldwide Sales and Service.

Business Editors/High-Tech Writers

SANTA CLARA, Calif.--(BUSINESS WIRE)--March 11, 2002

Recent Investors Bill Cadogan and Ali Shadman Join Board of Directors

Atrica Inc., a leading provider of Optical Ethernet equipment for the $15 billion Metro networking market, today announced the addition of several industry veterans to its executive team and board of directors. Brian Nugent, formerly Senior Vice President of Sales, Customer Service and Business Development at LuxN, has joined Atrica as Senior Vice President of Worldwide Sales and Service. In addition, Bill Cadogan, General Partner at St. Paul Venture Capital, and Ali Shadman, Partner at JK&B Capital, both recent investors in Atrica, have joined the company's board of directors.

As Senior VP of Worldwide Sales, Brian Nugent will be responsible for continuing and expanding upon the relationships Atrica has successfully established with service providers worldwide. Prior to his position at LuxN, Mr. Nugent held senior sales positions at Cisco, 3Com and IBM.

"Brian is a seasoned sales executive with a proven track record in the networking industry," said Vivek Ragavan, president and CEO of Atrica. "He is the ideal choice to continue and expand upon Atrica's leadership position in the fast-growing Metro Ethernet market."

In addition to Brian Nugent's appointment, Atrica added two telecom industry veterans to its world-class Board of Directors: Bill Cadogan, General Partner at St. Paul Venture Capital and Ali Shadman, Partner of JK&B Capital. Both firms recently invested in Atrica's third round of funding which totaled $75 million, and both gentlemen bring a wealth of telecom management and industry experience to the board.

Mr. Cadogan was previously the Chairman and CEO of ADC, Inc., a leading provider of telecom equipment to the carrier market and a Fortune 500 company. Under his leadership, ADC grew from $263 million in revenue in 1990 to approximately $3.2 billion in 2000. Prior to ADC, Mr. Cadogan's extensive background in the telecom industry includes serving as General Manager of Business Development for the International Telecommunications Satellite Organization (INTELSAT) in Washington, D.C. and 15 years of experience with AT&T, where he held a variety of sales and marketing positions.

Mr. Shadman has over 20 years of experience in the telecommunications industry. Prior to joining JK&B Capital, he held a number of executive management positions with Ameritech including President of Ameritech New Media, which provides competitive broadband cable services to over 250,000 subscribers. He was Ameritech's designee on the board of Americast, a joint venture between Ameritech, Walt Disney, GTE, BellSouth and SNET. As Vice President of Corporate Strategy at Ameritech, he led the negotiations for the merger between Ameritech and SBC Communications. Before joining Ameritech, Mr. Shadman held senior technology positions with MCI Telecommunications and INTELSAT.

"While we are extremely pleased with the amount of money raised in our recent round of funding, we are even more enthused about the level of industry experience our new investors represent," said Ragavan. "Having such top-notch individuals as Bill Cadogan and Ali Shadman join our board is another vote of confidence for Atrica."

About Atrica

Atrica's mission is to deliver the most cost-effective, high-performance Optical Ethernet platforms to forward-thinking service providers who are building next-generation Metro networks today. Atrica is a privately held company based in Santa Clara, California, with R&D facilities in Israel and business development and sales offices throughout Europe and Asia Pacific. The company has received a total of $117 million in funding to date, including seed funding from 3Com Corporation, first round financing from prominent Silicon Valley venture funds Accel Partners and Benchmark Capital, second round financing from five leading global service providers and a third round led by St. Paul Venture Capital. For more information, visit Atrica on the Web at www.atrica.com.