BancBoston Capital's European Operation Selects Interliant Solution to Streamline Investment Information Handling.

Business Editors/Hi-Tech Writers

PURCHASE, N.Y.--(BUSINESS WIRE)--Jan. 22, 2002

INIT DealMaker Provides Integrated Collaboration, Knowledge

Management, and Workflow Application 

Interliant, Inc. (NASDAQ:INIT), a leading global application service provider (ASP), today announced that BancBoston Capital, the private equity investment arm of FleetBoston Financial, has implemented a customized version of Interliant's INIT DealMaker solution for its European operations. This professional services offering is a Domino-based application designed to coordinate the efforts of BancBoston Capital's London-based team involved in the tracking, review, and decision-making process around investment opportunities.

BancBoston Capital provides a wide range of capital options, from early-stage venture capital for emerging growth companies to later-stage equity for buyouts, recapitalizations and expansions. During its 43 years of business, BancBoston Capital and its affiliates have invested over US$5 billion in more than 500 companies. Headquartered in Boston, the firm has global offices in Palo Alto, London, Hong Kong, Buenos Aires, and Sao Paulo.

As BancBoston Capital competes globally, the equity firm must address fundamental issues in the due diligence process swiftly but without compromising the quality of its analyses. The INIT DealMaker solution provides BancBoston Capital with the ability to store up-to-date information about a prospect, including details about its management team, its business, and the key financials. This vital data is accessible by investment officers and support staff, ensuring that all involved have access to the most current information. The structured workflow process, implemented by Interliant, supports BancBoston Capital's decision-making process and interaction with outside entrepreneurs and investors.

"We chose Interliant's INIT DealMaker solution based on the depth of its vertical functionality and strong track record within the investment community," said Cathal Sheehy, Co-Head of European Technology & Communications, BancBoston Capital, Ltd, in London. "We are leveraging this robust application to help manage our information and decision-making processes so our investment officers can stay focused on the end game - maximizing investor returns. This efficient application ensures that information is accurate and easily accessible in one office-wide repository."

"The INIT DealMaker solution provides BancBoston Capital with a solid, competitive advantage by enabling them to more efficiently track and manage their mission-critical dealflow process," said Patty Jacobson, vice president of messaging and applications for Interliant. "The bottom line is that investment firms like BancBoston Capital need to focus on maximizing investor returns. Our solution enables them to accomplish this."

In addition to INIT DealMaker, which is used by several venture capital, private equity, and corporate development organizations, Interliant's INIT Services team offers solutions in security planning, application development and implementation, e-Strategy and business process consulting, network and system design and implementation, and performance audits and assessment. To request more information about INIT DealMaker, contact [phone] or visit www.interliant.com/dealmaker.

About Interliant

Interliant, Inc. (Nasdaq:INIT) is a leading global application service provider (ASP) and pioneer in the ASP market. Interliant's INIT Solutions Suite(TM) includes managed messaging, managed hosting, security, Web hosting (Branded Solutions, OEM and private label), and professional services. Interliant, headquartered in Purchase, NY, has forged strategic alliances with the world's leading software, networking and hardware manufacturers including Microsoft (Nasdaq:MSFT), Dell Computer Corporation (Nasdaq:DELL), Oracle Corporation (Nasdaq:ORCL), Verisign/Network Solutions (Nasdaq:VRSN), IBM (NYSE:IBM), Sun Microsystems Inc. (Nasdaq:SUNW), and Lotus Development Corp. For more information about Interliant, visit www.interliant.com.

Interliant, INIT DealMaker, INIT Services, and INIT Solutions Suite are trademarks of Interliant, Inc., in the United States, other countries, or both. Other company, product, and service names may be trademarks or service marks of others.

This press release contains forward-looking statements that can be identified by the use of words such as "anticipate," "believe," "estimate," "expect," "intend," "may," "will," "plan," "forecast" and similar words and expressions. Such forward-looking statements involve risks and uncertainties that may cause actual results, performance, achievements and the timing of certain events to differ significantly from the results discussed or implied in the forward-looking statements. Therefore, no forward-looking statement can be guaranteed. Important factors to consider in evaluating such forward-looking statements include uncertainty that demand for our services will increase and other competitive market factors, changes in Interliant's business strategy or an inability to execute Interliant's strategy due to unanticipated changes in its business, its industry or the economy in general, unforeseen difficulties in integrating acquisitions and other factors set forth more fully in Interliant's Annual Report on Form 10-K for the fiscal year ended December 31, 2000, and other filings with the Securities and Exchange Commission. It is not possible to foresee or identify all factors affecting Interliant's forward-looking statements and investors therefore should not consider any list of factors affecting Interliant's forward-looking statements to be an exhaustive statement of risks, uncertainties or potentially inaccurate assumptions. Interliant does not have a policy of updating or revising forward-looking statements, and thus it should not be assumed that Interliant's silence over time means that actual events are bearing out as expressed or implied in such forward-looking statements.