Blue Ocean Software Appoints World Class Software Executives Gordon Eubanks and Roger Roberts to Its Board of Directors.

Business/Technology Editors

TAMPA, Fla.--(BUSINESS WIRE)--Feb. 11, 2002

Blue Ocean Software, Inc., today announced that Gordon Eubanks, Chief Executive Officer of Oblix and formerly Chief Executive Officer of Symantec (Nasdaq: SYMC), and Roger Roberts, Chairman and formerly Chief Executive Officer of Citrix Systems (Nasdaq: CTXS), have joined its Board of Directors.

Blue Ocean Software is a leading developer of help desk, PC inventory, and systems management solutions. The company has developed the most widely installed help desk and PC inventory solution in the world, with over 25,000 customer installations. Its Track-It! Software is a fully scalable and web-enabled PC management system with tightly integrated modules for help desk, inventory, auditing, remote control, purchasing and more. A powerful, user-friendly tool, Track-It! enables information technology departments to reduce operating expenses and increase efficiency.

Gordon Eubanks currently is the President and Chief Executive Officer of Oblix, a leading security infrastructure software company located in Cupertino, CA. Prior to Oblix, Eubanks spent 15 years at Symantec Corporation where he was President and Chief Executive Officer. At Symantec, he was instrumental in turning the company into a world-class leader in utility software for business and personal computing.

Roger Roberts serves as Chairman of the Board for Citrix Systems, a leading company in the application delivery and management software space located in Ft. Lauderdale, FL. Managing Citrix as Chief Executive Officer through a hyper growth period in the 1990's, Roberts raised capital from Microsoft and Intel and led Citrix through successful public offerings.

Blue Ocean Software received a $25 million investment in April 2001 from Summit Partners, a private equity and venture capital firm focusing on investments in profitable growth companies. Gordon Eubanks and Roger Roberts will join Kevin Mohan, a General Partner at Summit Partners, and Russell Hobbs, Blue Ocean Software's founder and CEO, on the Board of Directors.

"Roger Roberts and Gordon Eubanks are two of the world's leading software company builders, and we are honored that they have agreed to join the Blue Ocean Software team," said Russell Hobbs, CEO. "Gordon Eubanks brings an unmatched record of success in customer-focused product development, aggressive technology marketing, and software product acquisition strategies. Roger Roberts built Citrix, another Florida-based software company like Blue Ocean, from the start-up phase to over $500 million in revenues and a component of the Standard & Poor's 500 Index. We expect that these appointments will help us drive additional value to our customers and set the foundation for continued company growth."

About Blue Ocean Software

Blue Ocean Software is a leading developer of help desk, PC inventory, and systems management solutions that are powerful, fully scalable and fully featured, yet easy to install, learn and use. Blue Ocean Software solutions are deployed on an organization's network, the web or on client/server systems in a matter of days rather than weeks or months. The company is based in Tampa, Florida and has an office in London, England. Blue Ocean Software was recognized by Inc. Magazine as one of the fastest growing companies in the country in 2001. Ranked 55th in the Inc. 500 list, the company earned its position by growing roughly 100 percent per year for five consecutive years. The Company was also recently named to Software Magazine's list of the top 500 largest software companies in the world. The Company continues to hire world-class employees with technical, sales, and marketing skills for its operations in Tampa and London. For more information, please send email to [e-mail], visit the Company's web site at www.blueocean.com, or contact David Brogan, CFO, at [e-mail].

About Summit Partners

Summit Partners is one of the largest, most successful private equity and venture capital firms in the industry. The firm has a capital base of approximately $6.0 billion, with offices in Boston, Palo Alto and London. Formed in 1984, Summit has provided growth equity capital to over 225 companies, which have completed over 100 initial and follow-on public offerings plus more than 65 mergers & acquisitions. For more information, visit the company's website at www.summitpartners.com or contact Kevin Mohan at [e-mail].