Business Engine and CWB Expand Relationship to Deliver Resource Management Solutions Worldwide; Financial Services Industry to Realize Benefits from Partnership, New Product.

Business Editors/Technology Writers

SAN FRANCISCO--(BUSINESS WIRE)--Jan. 6, 2000

Business Engine Software Corporation, a leading provider of Internet-based professional service automation (PSA) solutions for IT, R&D and professional service organizations, and CWB, the financial services IT consultancy with offices in New York and London, today announced that they have expanded the scope of their relationship to include the financial services IT industry worldwide. The partnership, originating in the United Kingdom financial sector, puts the companies in perfect position to capitalize on The Business Engine Network, Business Engine's newest product (due in Q1 2000).

Business Engine and CWB have seen great success in providing integrated resource management solutions to financial service companies such as Deutsche Bank (See Financial Times, "1999 Survey -- Enterprise Resource Planning: Short cut to managing multiple projects," December 15, 1999). Now, with the expansion of their partnership and the release of The Business Engine Network, the companies will be able to continue providing successful solutions, not only to large financial service institutions, but also to the professional service organization that supplies services and resources to them as well.

"More and more financial institutions are relying on third parties, often working with them on high-level projects, so it is vital that they track and manage their resources accordingly. Companies often feel they are duplicating skills sets or are under-resourced in very specific knowledge areas," said Christiane Wuillamie, chairman, CWB. "We are now able to help them identify those areas and maximize their resources."

"We have been extremely pleased with our relationship with CWB. Deutsche Bank is only one example of the success we have had due to our relationship with CWB." said John O'Neil, chairman and CEO, Business Engine. "With the release of The Business Engine Network, it becomes even more important to have relationships with partners who understand not only internal IT management in financial services, but also the entire service supply chain. CWB brings that experience to the table and we look forward to continued success in the future."

This partnership reflects Business Engine's strategy to provide Internet-based business-to-business applications to the entire financial service IT supply chain. This is the latest of many such relationships, acquisitions and management additions that execute Business Engine's strategy.

About Business Engine Network

The Business Engine Network is an Internet-based Professional Service Automation (PSA) application for global IT, R&D and professional service organizations. This end-to-end solution extends beyond traditional PSA products to include unique business-to-business applications, seamlessly linking buyers and sellers in the professional service supply chain. Additionally, the product promises superior internal management capabilities while reducing the inefficiencies in the supply chain, allowing customers to fully leverage their virtual organization across geographies, time zones and organizational boundaries.

About Business Engine Software Corporation

Business Engine Software Corporation has been delivering professional service automation applications to project-driven Fortune 1000 companies for more than three years from offices in North America and Europe. Global 1000 banking, pharmaceuticals and other IT and R&D organizations are using Business Engine Software products to improve the effective management of their projects and initiatives and utilization of internal and external resources.

For more information on Business Engine Software Corporation or the company's products, please call 800/235-4142 in the U.S., 415/616-4000 from outside the U.S., or visit the company's Web site at http://www.businessengine.net.

About CWB

CWB, based in London and now New York, is an independent privately owned UK Plc with over 200 employees. Founded in 1994 by Chairman, Christiane Wuillamie, CWB is recognized as a pioneer of IT within financial markets, by successfully providing a bridge between technology providers (whether internal IT departments or external suppliers) and business managers.

The company has grown 100% year on year and is structured around three principal service offerings:

--   Consultancy Services which focuses on delivering complex
     technology solutions

--   Software Solutions which provides customizable global credit risk
     solutions

--   Managed Services which includes both Service Management and
     Applications Support Clients include such major investment banks
     as Deutsche Bank, Dresdner Kleinwort Benson, HSBC, Merrill Lynch,
     Barclays Capital and the Credit Suisse Group.

Business Engine is a registered trademark of Business Engine Software Corporation. All other products and services referenced herein are trademarks of their respective companies.