Centive Appoints Michael Torto CEO to Lead Company Into Next Phase of Growth.

Business Editors/High-Tech Writers

BEDFORD, Mass.--(BUSINESS WIRE)--June 30, 2003

Leading Enterprise Incentive Management Provider Outlines Recent Customer Momentum and Highlights Opportunities for the Second-Half of 2003

Centive, the award-winning leader in Enterprise Incentive Management (EIM) software and services, today announced that the company has appointed Michael L. Torto president and chief executive officer. Torto, who held the post of chief operations officer since joining the company in March 2003, will now be tasked with leading Centive into its next phase of growth and expansion into global markets. Leveraging Torto's background formulating and executing successful business development strategies, as well as his extensive network of technology industry contacts, Centive is poised for even greater growth in the second-half of 2003, as more organizations realize the need for comprehensive enterprise incentive management solutions.

Prior to joining Centive, Torto served as president and CEO of InCert Software, Cambridge, Mass. In that position, Torto successfully transitioned the company and its product strategy from a start-up offering OS/390-based point solutions to a leading software provider delivering scalable, high performance Windows, Unix, C++ and Java based offerings in under 12 months. As a result of his leadership and strategic direction, InCert landed significant first year contracts including Sun Microsystems, Charles Schwab, Vanguard, Phase Forward, ADP, Fidelity, DARPA, and Macromedia, ultimately leading to the company's merger with Geodesic Systems in 2002. Prior to InCert, Torto served as president and CEO at Swan International Inc., a European-based software provider of application delivery and self-healing software. Securing first-year multimillion-dollar contracts from companies like FDX (parent of Fed Ex), RPS (Roadway Package Systems), the Atlantic Lottery, Corp, Ford Motor Company, and Wrigley Chewing Gum, Torto led the company to a successful IPO on the European EASDAQ in April of 1999.

Under Torto's leadership, Centive plans an aggressive campaign to dominate the EIM category, with a focus on solving incentive compensation issues for large companies in key vertical markets. Beyond requisite core-EIM functionality, scalability and performance represent the two critical success factors for production-use of EIM at large organizations. Centive's net-native, J2EE compliant solution, Centive/EIM(TM), is recognized by industry experts for its robust technical architecture to support these requirements. To further stake claim to the leadership position, this summer, Centive will announce that the largest implementation of a best-of-breed EIM application has moved into production at a well-known, US-based company.

In just the first 60 days under Torto's leadership, Centive has:

-- Closed over $3 million dollars in deals to support the

upcoming release of Centive's RealTime Quotes and RealTime

Commissions modules.

-- Begun migrating two large customers, each with over 2,000

payees, from Centive's client/server software - INCENTIVE, to

Centive/EIM.

-- Completed implementation at Cognos, a leading reporting and

business analytics provider, delivering commission payment for

direct and indirect sales staff.

-- Completed implementation at GE Power Systems, one of the

world's leading suppliers of power generation technology,

energy services and management systems.

-- Expanded its presence in Europe by opening a sales office in

the United Kingdom.

-- Developed a reseller partnership with Amdocs, a leading

provider of CRM and call-center solutions.

-- Signed Arcadia Solutions as an Implementation partner,

completed training of Arcadia's technical consulting team on

Centive/EIM, and engaged Arcadia resources on a number of

implementations.

-- Assisted Analog Devices in upgrading their EIM software and in

going live on the latest release of Centive/Quota(TM).

Additionally, Torto intends to leverage his significant M&A experience and the current trend towards consolidation and acquisition within the software marketplace, and has been in communication with other vendors to explore opportunities for both organic growth and growth through acquisitions.

"We have worked with Centive for over 2 years, using both their EIM application and their quota management module", said Don Devost, Director of Finance & Administration, Analog Devices (NYSE: ADI). "We recognize firsthand the value of their applications. Their comprehensive solution allows us to manage our business with the speed and precision required to maintain our competitive advantage."

"The EIM market is one of the few bright spots in the technology sector, and I'm pleased to be working with the company that is recognized by industry analysts, the investment community and by Fortune 2000 organizations as the leader in the EIM space," said Torto. "Centive/EIM solves real business problems and demonstrates tangible results, in terms of both performance and ROI for our customers. Leveraging our advanced architecture and functionality, our customers will continue to realize a strong return on their incentive investments."

About Centive

Centive (formerly Incentive Systems) is the award-winning leader in Enterprise Incentive Management (EIM) software and services, and continues to set the standard in developing the most comprehensive incentive compensation solutions for Global 2000 companies. Designed and developed by domain experts to automate enterprise-wide incentive compensation management, Centive/EIM empowers companies to motivate and align employees, partners and channels with corporate goals, driving increased performance, revenue and profitability. To learn more about Centive and Centive/EIM, please visit www.centive.com or call 1-877-CENTIVE.