Avexus Acquires Impresa.

Business Editors/High-Tech Writers

SAN DIEGO--(BUSINESS WIRE)--May 2, 2001

Avexus Inc. (www.avexus.com) today announced it has acquired Impresa, a division of Epicor Software Corp. (Nasdaq:EPIC).

Impresa is one of the leading providers of enterprise software solutions for the management of Maintenance, Repair and Overhaul (MRO) activities on long-life, highly engineered assets used in the aerospace and defense industries. Terms of the transaction were not disclosed.

Avexus acquired Impresa in order to build a leading position in the MRO enterprise software category. Impresa's clients comprise many of the largest suppliers and buyers in the aerospace and defense Industry, including Goodrich, Boeing, GE, Rolls Royce, US Air Force, US Navy and Pemco Aeroplex. Impresa has offices in both San Diego and Minneapolis.

"We spent 12 months studying the MRO software category -- the opportunity and the players -- Impresa was clearly the leading solution, with a proven track record, an attractive installed base along with a strong management team," said Andrew Dumke, CEO of Avexus. "We are very excited to welcome Impresa to the Avexus family and anticipate a smooth transition in all areas."

Impresa's entire management team will join Avexus, with Impresa's current Vice President and General Manager, Doug McGregor, coming on board as Avexus' new President and COO.

"The time was right for Impresa to spin-out and focus on the MRO software category, which we believe is a multi-billion dollar opportunity without any clear market leaders," said McGregor. "The Impresa team is excited about joining Avexus and leveraging their deep MRO experience and tremendous customer base. Avexus, combined with our significant tier one accounts and leading MRO software, will provide the industry a clear leader in MRO software solutions."

About Impresa

With offices in San Diego and Minneapolis, Impresa is one of the leading providers of MRO software to original equipment manufacturers (OEMs), third part MRO suppliers and owners of highly engineered products with a focus on Aerospace and Defense. Impresa's software is built on Oracle technology and manages MRO customer management (order management), scheduling, inventory, procurement, compliance, surveying, dispositioning, kitting, re-building, financials and many other functions. With an Impresa software package installed, MRO operations are able to: manage their customers' expectations and the MRO process in a cost-effective manner; procure specific and hard-to-find parts, tools and services that are necessary to operate highly engineered products; and avoid or pre-schedule at appropriate times, potentially expensive downtime of production and operation of revenue producing assets.

About Avexus

Avexus was funded by Moore Capital, QT Ventures, Pembroke Capital, Highbar Ventures (a fund for angel investments owned by Bill Joy, Andreas Bechtolsheim and Roy Sardina) and other notable angel investors. The Avexus Board includes R. Terrence Rendleman, CEO of Aeroexchange and formerly Senior Vice President of Technical Operations at United Airlines; Boris Reznik, founder of Optum Software; James Caccavo, General Partner of Moore Capital, and Shane Cooke, CEO of Pembroke. Over the next several years, Avexus will expand into other industry verticals including maritime, rail and transportation. Impresa will be the cornerstone of the Avexus Solution product suite.

For information about Impresa or Avexus, please contact Peter Bennett at 310/514-1781.