Compuware Corporation Invests $5.5 Million in Anchorsilk.

Business/Technology Editors

BEDFORD, Mass.--(BUSINESS WIRE)--Sept. 20, 2000

First Company to Offer Small, Mid-Size Businesses a

"Do-it-Yourself" Solution for Building Web Sites with Personalized 

E-Business Functionality

Anchorsilk, an e-business infrastructure provider for small and mid-size brick and mortar companies, today announced it has received $5.5 million in funding from Compuware Corporation (NASDAQ:CPWR). Anchorsilk was founded in October 1999 to help these smaller companies integrate the Web into their marketing, sales and customer service strategies.

There are approximately 7.5 million small and mid-size businesses in the U.S. These businesses have been largely unable to benefit from the productivity gains of automation because of cost, access to technical resources and a lack of software that is easy to use and personalize to meet individual customer needs. Anchorsilk's suite of hosted, self-customizable and integrated front office e-business applications provides these smaller companies with the first cost-effective, intuitive solution for doing business over the Web.

Joseph A. Nathan, president and COO of Compuware, said: "Anchorsilk has a compelling combination of market opportunity, customer acceptance and a solid, experienced management and engineering team with whom we have worked previously with great success. This is a company that is poised to dominate the B2B e-commerce market for small and mid-sized companies, and we're pleased to make this investment in their successful future."

Omar Hussain, founder and CEO of Anchorsilk, said: "Anchorsilk is the only company that enables small and mid-size businesses (SMBs) to fully participate and benefit from the e-commerce revolution. There is a lot of excitement around online trading exchanges and integrated supply chains, but because the majority of suppliers currently are not online the benefits of these initiatives remain elusive. Anchorsilk is focusing on enabling smaller, traditional companies to participate in and reap the same benefits of the online revolution as their larger counterparts. We are grateful for Compuware's recognition of Anchorsilk's tremendous potential, and will use their investment in the company to continue development of our software and services and expand our marketing programs."

About Compuware Corporation

With fiscal 2000 revenues of more than $2.2 billion, Compuware is a world leader in the practical implementation of enterprise and e-commerce solutions. Compuware software products and professional services help 14,000 of the world's largest corporations more efficiently maintain and enhance their most critical business applications. Compuware products and services improve quality, lower costs and increase the speed at which systems can be developed, implemented and supported, providing an immediate and measurable return on information technology investments. Compuware employs more than 15,000 information technology professionals worldwide. For more information about Compuware, please contact the corporate offices at 800-521-9353. You may also visit Compuware on the World Wide Web at http://www.compuware.com.

About Anchorsilk

Anchorsilk was founded in October of 1999 to help small and mid-size brick-and-mortar companies bring their businesses to the Web. By taking the complexity out of building, deploying and maintaining Web-based business applications, Anchorsilk empowers non-programmers and business managers to self-satisfy their evolving business needs. The company's suite of hosted, self-customizable, integrated e-business applications helps facilitate personalized, business-to-business transactions over the web. Headquartered in Bedford, MA, Anchorsilk can be found on the Web at www.Anchorsilk.com.

Anchorsilk is a trademark of Anchorsilk Inc. Compuware is a registered trademark of Compuware Corporation. Other products and services may be trademarks or registered trademarks of their respective organizations.