Bowstreet Announces Framework Factory; Automates Custom Development for Application Software Vendors.

Business Editors/High-Tech Writers

TEWKSBURY, Mass.--(BUSINESS WIRE)--April 6, 2004

Rapidly Build Configurable, Role-Based, Composite Applications from

Existing Applications

Bowstreet(TM), the leading provider of development tools for adaptive J2EE applications, today announced the launch of Bowstreet Framework Factory, a powerful, extensible software automation system that enables software vendors (ISVs) to rapidly create, customize, and maintain highly tailored software applications. With Framework Factory, ISVs can capture and automate the generation of customized applications, rather than manually creating each customer iteration.

The past few years have been challenging for many application software vendors, as market and customer pressures have intensified, causing weaker revenues and eroding margins. To stay competitive, ISVs must find innovative ways to optimize and speed the entire process of developing, customizing and changing software. By eliminating the need to write code to handle custom variations, Bowstreet Framework Factory dramatically improves margins and provides ISVs with a competitive advantage, enabling faster time to market, lower total cost of ownership, and reduced maintenance costs.

Michael Harris, president, banking solutions division, Sanchez Computer Associates, a global leader in developing and marketing scalable and integrated software and services that provide banking, securities, customer integration, wealth management and outsourcing solutions to nearly 400 financial institutions in 22 countries, said, "All of our customers have unique software requirements. Due to the amount of customization required for each implementation, we knew we needed to optimize our development process. Bowstreet Framework Factory allows us to focus on addressing our customers' banking needs rather than solving complex programming problems."

"Developing highly-customized applications is critical for ISVs, but can also be time-consuming and difficult to maintain without the proper technology in place," said Daryl Plummer, sector general manager and chief Gartner fellow, Gartner, Inc. "As requirements become more complex, the need for tools, frameworks and methodologies that make application development simpler and more productive becomes key."

Unlike software created with traditional RAD tools, Bowstreet-powered applications can react automatically to change. With Framework Factory, ISVs can respond instantly to new customer requirements, improving customer service and satisfaction. Business users can also design, create and change the applications - without requiring additional coding by developers. The result is a more cost effective and timely delivery of better-designed, customer-centric applications.

"In the aggressive application software market, companies are looking for a competitive advantage as they build composite applications that leverage Internet technologies to expand the reach of their legacy systems. All of their customers have their own custom requirements, and ISVs that are able to meet and exceed these needs in a timely manner will succeed," said Michael George, president and CEO, Bowstreet.

Key features of Bowstreet Framework Factory include:

-- Profiles -- sets of parameters that dynamically generate

customized applications

-- Dynamic, on-demand generation and regeneration of customized

applications, eliminating "one off" application development

-- 100+ out-of-the-box Builders(TM), adaptive, reusable software

components that leverage data from Domino, SAP, databases and

web services, and the ability to add custom Builders to

capture custom design patterns

-- Extensibility to any Java domain, including Struts, JSF, and

proprietary frameworks

-- Browser-based configuration consoles that enable analysts to

customize the applications

Bowstreet offers a range of products that automate the creation and maintenance of highly flexible web applications, portlets and web services, including Bowstreet Factory; Bowstreet Portlet Factory; Bowstreet Portlet Factory for WebSphere; and Bowstreet Syndication Factory.

About Bowstreet

Bowstreet(TM) is the leading provider of development tools for the creation and maintenance of adaptive J2EE applications. With Bowstreet's award-winning automation framework and patented reusable software components, development teams can rapidly build adaptive portlets, web services, and J2EE web applications that stand-alone or integrate directly into an existing infrastructure. Unlike with traditional RAD tools, Bowstreet-built applications are inherently designed for maximum adaptability, allowing for the creation of multiple iterations from a single model without the need for costly reprogramming. The Bowstreet development framework is used by more than 65 companies, including Bureau Veritas, Cardinal Health System, Cisco, Crossrail, DuPont, GM, John Crane, Kroger, Northwestern Mutual, Sanchez Computer Associates, Sun Microsystems, UNICCO, and Wackenhut. Bowstreet is headquartered in Tewksbury, Massachusetts and has offices in Boston, New York, Chicago, San Francisco, Los Angeles, and London. www.bowstreet.com.

Bowstreet is a trademark of Bowstreet, Inc. All other company names and product names may be trademarks or registered trademarks of their respective companies or owners.