Banyan Systems Appoints John Jewett CFO Of Its Switchboard Subsidiary; Addition Of former PointCast CFO Strengthens Switchboard's Senior Management Team.

WESTBORO, Mass--(BUSINESS WIRE)--Nov. 16, 1998--Banyan Systems Incorporated (NASDAQ:BNYN), a leading provider of advanced network solutions from the enterprise to the Web, today announced that John P. Jewett has been appointed Vice President and Chief Financial Officer of Switchboard Incorporated, the Company's majority-owned Internet directory service subsidiary. As CFO, Jewett, age 55, will oversee Switchboard's finance, legal, management information systems and human resources operations. He will report directly to Dean Polnerow, Switchboard's president.

Switchboard is the Internet's leading directory service website with more than 120 million people and business listings. Switchboard also provides online directory services for Alta Vista, GeoCities and Bell Atlantic's Big Yellow directory site.

Jewett joins Switchboard with more than 25 years of senior management experience at leading technology companies. From 1995 to 1997, he was Chief Financial Officer at PointCast Inc., a widely recognized provider of news and information to consumers and corporations via the Internet and corporate intranets. As PointCast's CFO, Jewett played an integral role in facilitating the company's growth and raising more than $48 million in capital through both private financing and corporate investments from top media and technology leaders such as Softbank, Compaq, Knight-Ridder and Gannet Corporation. In addition, Jewett was instrumental in establishing relationships with Standard & Poors, Reuters, SportsTicker, and other information providers to broaden the content offered through the PointCast Network.

Dean Polnerow, Switchboard's President, stated, "I am delighted to welcome John to Switchboard. John has an outstanding track record of success in facilitating the growth of emerging technology companies. He brings to Switchboard expertise in establishinal. I am confident that John's talents and skild to Switchboard for a number of reasons: the Company has created one of the Internet's most frequently visited Web sites; it has many exciting opportunities to add traffic to its site by expanding its strategic relationships and visibility to Internet users; and the Company is focuseas President of BluePoint Technologies Inc., a manufacturer of proprietary chips for laser printers, and had assumed complete responsibility for BluePoint's business operations, including the company's sale to Adobe Systems. John was Chief Financial Officer at Bitstream Inc., a developer of digital typography technologies and served as Apollo Computer's Vice President and general counsel, where he oversaw the company's legal operations that supported its revenue growth from $1.8 million to nearly $400 million.

Jewett holds a Bachelor's Degree from Trinity College, a J.D. from the University of Connecticut and a L.L.M. in common market study from the London School of Economics and Political Science.

The Company noted that each of the above forward-looking statements is subject to change based on various important factors, including, without limitation, the plans for the Company's business. These factors are subject to change based on various important factors including competitive actions in the marketplace, and the ability of Switchboard to expand its revenues and broaden its strategic relationships. Further information on potential factors which could affect the Company's financial results are included in the Company's Form 10-K for the 1997 fiscal year, which was filed with the SEC at the end of March 1998, and the Company's Form 10-Q for the period ended June 1998, which was filed with the SEC in August 1998.

About Banyan Systems Incorporated:

Banyan Systems Incorporated (NASDAQ:BNYN), founded in 1983, is a leading provider of advanced enterprise solutions that integrate multi-vendor networking environments. Headquartered in Westboro, Massachusetts, USA, Banyan (http://www.banyan.com) supports hundreds of Fortune 1000 companies and government agencies worldwide with products and services that integrate core business applications and intranets creating highly reliable, easily managed, and secure global networks. The company also provides co-existence and migration services, secure and remote access for business applications and tools to deploy and manage intranets, directories and messaging. Its majority-owned Internet subsidiary, Switchboard Inc. (http://www.switchboard.com) is the #1 on-line white and yellow pages directory. Banyan, VINES, StreetTalk and BeyondMail are registered trademarks of Banyan Systems Incorporated. StreetTalk is a product of Banyan Systems Incorporated and not a product of McCarthy, Crisanti & Maffei, Inc.