Cadence Names Madeleine Ludlow President & COO, Hires Veteran Technology Executive as CIO.

Business Editors & High Tech Writers

CINCINNATI--(BUSINESS WIRE)--Jan. 17, 2001

Cadence Network, Inc., the leading internet-enabled facilities management company, today announced that Madeleine Ludlow has been named president and chief operating officer and Pam Dunsky, former Lexis-Nexis executive, has been appointed chief information officer.

Madeleine Ludlow will assist in the integration of Cadence's functionality, resources and operations towards continued growth. She joined Cadence in 2000 as chief financial officer and brings extensive Wall Street experience and an in-depth understanding of the transforming utilities markets to her new role.

In a career spanning more than 20 years, Ludlow has held several key roles in the energy and financial industries, including nine years at Morgan Stanley. Until 2000, Madeleine was vice president and chief financial officer of Cinergy Corp., where she helped evolve the company from a centrally managed regulated utility into a growth energy company comprised of competitive business units.

Ludlow also served as president of Cinergy's Energy Commodities Business Unit where she developed critical cost-optimization strategies, non-regulated growth initiatives and financial functions to prepare the company for deregulation. Ludlow was a member of the Cadence board from its joint-venture infancy through its second round of funding. Prior to Cinergy, Ludlow was vice president of enterprise corporate development for EDHI, a subsidiary of PSEG in Newark, New Jersey. She has also worked at several investment firms in New York.

"We are fortunate to have Madeleine on board to help guide us to the next chapter of Cadence's strategic growth initiatives," says Mark Shunk, Cadence's chief executive officer. "Her demonstrated ability to `get things done' is a terrific asset to the company and will be well leveraged in this role."

As the new CIO for Cadence, Pam Dunsky will be responsible for directing the company's information technology vision, strategy, planning and organization -- including development and continued enhancement of its groundbreaking facility management software system, The Cadence Network(TM).

Dunsky's experience in developing and executing broad-scale systems and solutions for industry-leading Internet companies spans more than 17 years. Dunsky was vice president of information systems for Lexis-Nexis, the world's leading online information source for legal and business professionals. In that role, she directed many of Lexis-Nexis' emerging e-Business strategies and was responsible for evolving and implementing their entire front/back office infrastructure and decision-support systems.

During Dunsky's 13-year tenure at Lexis-Nexis, she also held key management positions in software development, systems engineering and IS development. Dunsky also has held developer and consultant positions at AT&T and Distributed Computing Consultants.

"Pam's extensive information technology and systems experience, software development background and proven ability to design sophisticated e-solutions to complex business problems is essential for our continued success," added Mark Shunk. "We are extremely pleased to have her leadership in directing the Cadence Network platform, which has become a best-practice software solution for leading multi-site enterprises nationwide."

About Cadence

Cadence Network, Inc. is a B2B e-commerce firm that helps multi-location companies control their facilities costs -- such as energy, waste removal and telecommunications. Customers include Blockbuster, The Limited, Steinmart, GNC, Winn Dixie, Footlocker, Applebees, Service Merchandise and Burger King, among others. The company currently impacts the essential-service purchases of over 75,000 individual locations in North America in a variety of industries including retail, grocery, hospitality, financial services and restaurants. Cadence investors include Insight Capital Partners, MSD Capital (the private investment firm for Michael Dell), Cinergy Corp., Florida Progress and New Century Energies. For more information, call 513.763.3112 or visit Cadence online at www.cadencenetwork.com.