Bowstreet Delivers Adaptive Portals With Factory 5.1.

Business/Technology Editors

PORTSMOUTH, N.H.--(BUSINESS WIRE)--June 24, 2002

Combines the Adaptability of Web Services and Business Processes with

the Cost Savings of Automation for Enterprise Portal Development

Bowstreet, the pioneer in application automation that exploits Web services, today announced the availability of Factory 5.1, a framework for automating the development of Web-based applications, which now includes Bowstreet's Portal Automator at no additional charge. By combining its powerful development environment with ready to deploy portal functionality, Bowstreet is the only vendor to provide enterprises the ability to adapt Web applications and business processes as quickly as their business changes.

"Today's portals have hit a wall because they are built on last generation hardwired technology. Delivering an integrated view of the enterprise, while being flexible enough to change Web applications and business processes quickly, is critical to a company's success," stated Frank Moss, Chairman, Bowstreet. "Bowstreet's portal framework, built with the unique automation Builder(TM) technology of Factory 5, makes it easy and economical for businesses to offer highly adaptable Web applications to their customers, business partners, and employees. This meets an incredibly important business need today, and puts our customers in an ideal position to harness the power of Web services as they emerge."

Most portals are simply aggregations of content and applications, but are quickly evolving to be an integrated collection of Web services-based applications. The lack of context in today's portals has been a limiting factor in their adoption by end-users. By combining the friendliness of a portal user interface with an adaptive framework that dynamically customizes the portal to each user's preferences and needs, users will have significantly more insight into critical business information.

"With adaptive portals, users do not need to go to different parts of the workspace or into different rooms," said David Marshak, Senior Analyst at Patricia Seybold Group. "The information they need `magically' appears just as they need it. Now, the portal has the potential of becoming the user's customized, personalized workspace from which work is actually done. Today, portlets (and soon Web services) provide not only the information, but also the tools users need to do their jobs. And these workspaces are not only personal; they can be collaborative as well, providing a persistent, in-context, and real-time method for individuals, communities, and enterprises to collaborate."

As a low risk, low cost option that plugs seamlessly into existing J2EE infrastructures, including IBM, SUN, and BEA, Bowstreet Factory 5.1 offers near term benefits of Web services including:

-- Supports J2EE and Web services, and produces reusable components.

-- Automates the creation and modification of business processes.

-- Integrates with everything from back-end ERP and CRM systems to infrastructure products like application and portal servers to your development team's IDE.

-- Reduces Web application development and maintenance costs by up to 90%.

-- Enables enterprises to build customized portals in 1/10th the time by increasing developer productivity.

"Our goal was to decrease the amount of time it took sales to research, configure, and price products using the Sun MYsales portal," said Mike Douglas, Director, e-Marketing Computer Systems, Sun Microsystems. "Our corporate IT infrastructure is based on the Sun ONE product line, therefore we needed to find a complementary product that could extend the capabilities of the Sun products. We found that with Bowstreet. Through their adherence to the J2EE and Web services standards, we have a portal that fits right into our infrastructure while remaining flexible enough to adapt as quickly as our business does."

More than 90% of Bowstreet customers are using the Factory to build portals. In response to its customers' growing need to build portals - from customer portals to sales intranets to distributor extranets - Bowstreet has upgraded the Portal Automator and included it in the Factory 5.1 offering, making it the easiest and most straightforward way to build a Web-based application. Bowstreet Factory 5.1 is generally available and a new, free 60-day evaluation version will be available July 1, 2002 at bcp.bowstreet.com.

About Bowstreet

Bowstreet's framework for automating Web application development to exploit Web services has enabled more than 50 companies including Cisco, DuPont, GM, John Crane, Northwestern Mutual, Sabre, State Street, and Sun, to build Web applications, from extranets to portals, that are adaptive enough to change in minutes not months. Applications are managed by lines-of-business or departments, rather than centralized, thereby freeing up the IT group to spend more time building and less time maintaining Web applications. All leveraging the full automation capabilities of Bowstreet's patent-pending technology that fits right into existing IT infrastructures. Bowstreet is headquartered in Portsmouth, New Hampshire and has offices in Chicago, San Francisco, 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.