Bowstreet Adds Top Engineering Visionary, Rose O'Donnell, as Vice President of Development.

Business/Technology Editors

PORTSMOUTH, N.H.--(BUSINESS WIRE)--Feb. 4, 2000

One of New England's premier engineering and technology executives,

O'Donnell will drive Bowstreet's B2B e-commerce strategy and product

development

Bowstreet (www.bowstreet.com), the leading provider of XML infrastructure for business-to-business (B2B) Web marketplaces, today announced that it has hired Rose O'Donnell as vice president of development. O'Donnell will lead the development and delivery of Bowstreet's B2B e-commerce solutions, targeted to Fortune 500 and Internet-based businesses.

O'Donnell takes the helm of Bowstreet's software engineering, quality assurance (QA) and technical documentation departments, bringing more than 25 years of strategic management and hands-on engineering to her new role. &uot;Rose is renowned throughout the country as an engineering visionary, with a solid record of delivering products,&uot; explained President and CEO of Bowstreet, Bob Crowley.

Crowley continued, &uot;Bowstreet is fortunate to attract the very person who drove Avid's ground-breaking media compression and interoperability strategies that cemented the digital media giant's reputation as an industry leader. Rose was also a force behind HP's innovative, open software strategies - including influencing the widespread acceptance of the Fortune 500 company's Unix-based operating system. Rose is uniquely able to correlate product development and technology strategies to a company's business requirements, and her talent and enthusiasm are a welcome addition to Bowstreet.&uot;

O'Donnell explains, &uot;I've looked at many opportunities in the high-tech marketplace, but none are as compelling as Bowstreet. There's real substance in the Bowstreet technology and customer solutions, the company has attracted an incredibly talented team, and the Bowstreet vision is both believable and achievable. It's the place to be in e-commerce, and I'm delighted to be a part of it.&uot;

O'Donnell comes to Bowstreet from Avid Technology, Inc. where, as senior vice president and Chief Technology Officer, she formulated, communicated and executed a highly successful media compression strategy that balanced emerging and competing digital compression formats. O'Donnell also drove an open standards initiative that resulted in Avid's OMFI media file format becoming the accepted interchange format for multi-vendor interoperability, now called AAF. During her five-year career with Avid, O'Donnell served as an acting vice president of engineering for Avid's Broadcast News Division, a senior vice president of engineering and a vice president of engineering for Avid's Post Production Division.

Prior to Avid, O'Donnell held several prominent positions at Hewlett-Packard Company from 1989 to 1994. As general manager for its workstation technology division, she formed and led the multi-site division to successfully deliver integrated desktop software for the HP PA-Risc workstation business. As an HP corporate consulting engineer, O'Donnell led a development team that designed and shipped customizable desktop technology. In 1990, O'Donnell was selected to represent HP on special assignment to the Open Software Foundation where, as project manager of the OSF/1, she supervised a 100-person development team in building a portable, Unix-based operating system that spanned three architectures.

O'Donnell was also employed with Apollo Computer from 1981 through 1989 and at Nixdorf Computer Company from 1978 to 1981. She started her career at the MIT Lincoln Laboratory, working on radar systems and operating systems.

O'Donnell graduated Summa Cum Laude from Boston College with a BS in Mathematics and Education, and holds an MS in Computer Science from Boston University. O'Donnell was selected for Open Computing magazine's &uot;Top 100 Women in Computing&uot; in 1995, and served on the Dartmouth Thayer School of Engineering Corporate Advisory Board from 1992 -1995. O'Donnell is an active member in the ACM, IEEE and SMPTE organizations.

Bowstreet: The XML infrastructure for customized B2B Web marketplaces

The Bowstreet(TM) Web Automation Factory is a system based on XML and directories that enables companies to instantly, affordably and exponentially broaden their market reach by creating dynamic and customized B2B Web marketplaces (or &uot;business webs&uot;) that link customers, suppliers and partners. The Bowstreet Web Automation Factory is the first product to support the Directory Services Markup Language (DSML), a specification Bowstreet, IBM, Microsoft, Novell, Oracle and the Sun-Netscape Alliance recently submitted to industry standards bodies. For more information on DSML, please visit www.dsml.org.

About Bowstreet

Bowstreet provides the XML infrastructure to automate the creation of dynamic and customized B2B Web marketplaces that enable new business models, extend companies' market reach and generate new revenue. These &uot;business webs&uot; link an infinite number of customers, suppliers and partners in minutes instead of months and at a fraction of the cost of today's Web development methods. Founded in January 1998, Bowstreet was ranked as one of the top e-commerce start-ups in the country at the Enterprise Outlook Conference, and has raised $30 million from five leading venture capital firms: Charles River Ventures, Integral Capital Partners, Kleiner Perkins Caufield &Byers, Matrix Partners and Pequot Capital Management. For more information, visit www.bowstreet.com or call 603-436-9100.