Cereva Networks Appoints James J. Forese to Board of Directors.

Business/Technology Editors

MARLBOROUGH, Mass.--(BUSINESS WIRE)--Dec. 12, 2000

Cereva Networks Inc. today announced the appointment of James J. Forese, chairman and CEO of IKON Office Solutions Inc., Malvern, Pa., to its Board of Directors.

Mr. Forese brings 40 years of broad experience in the technology industry to Cereva's board. Prior to his election as chairman of IKON in May of this year, Forese served as president and CEO of the company and, previously, as executive vice president and president of IKON's international operations. He began his career at IKON in 1996 as executive vice president and chief operating officer.

Prior to joining IKON, Mr. Forese spent 36 years with IBM Corporation in numerous executive positions. He was a senior executive with IBM World Trade Europe/Middle East/Africa and IBM World Trade Americas, where he led the Latin American and Canadian operations. He also served as president of the Office Products Division. In addition, Mr. Forese was vice president of Finance and, in his last position at IBM, served as chairman of IBM Credit Corporation and was a member of IBM's Worldwide Management Council.

"James Forese brings broad strategic vision to Cereva, together with valuable technical and management expertise and extensive industry knowledge and relationships," said Alan Lutz, president and CEO of Cereva. "His guidance will be invaluable as we continue to roll out our Internet infrastructure products."

Mr. Forese earned a BEE in electrical engineering from Rensselaer Polytechnic Institute and an MBA from the Massachusetts Institute of Technology (MIT). He serves on the Board of Directors of IKON Office Solutions, American Management Systems, and NUI Corporation. He has also served on the Board of Directors of IBM Europe/Middle East/Africa, IBM Latin America, IBM Canada, Lexmark International, Southeast Bank Corporation, and Unisource Worldwide Inc.

"Cereva has a strong business plan, seasoned management and impressive technology," said Mr. Forese at the time of his appointment. "I'm pleased to have been named to their board, and am excited about their prospects."

Mr. Forese is married and is a resident of St. Davids, Pa.

About Cereva Networks

Cereva Networks Inc., founded in 1998, develops next-generation hardware and software products that will enable Web content and service providers to simplify their infrastructures and scale capacity and transaction performance well beyond existing capabilities. Headquartered in Marlborough, Mass., Cereva currently employs more than 200 people. Additional information can be obtained at http://www.cereva.com.