Connotate Closes Additional Funding.

NEW BRUNSWICK, N.J. -- Connotate, the leading provider of solutions which transform information from the Web and enterprise into user-empowered on-demand applications and actionable intelligence, announced today that it recently closed on a multi-million dollar financing transaction.

"We're pleased with the continued support of our investors and the investment community," said Bruce Molloy, CEO of Connotate. "The value that investors see in Connotate is clear."

Demand continues for Connotate's Agent Community GEN2[TM] solution. As companies strive to be more efficient, part of that equation is gleaning actionable intelligence from information residing on the Web or within enterprise systems. To that end, Connotate has remained focused on raising the additional working capital needed to fuel its continued operational, product development, sales and marketing efforts.

In the current environment, Connotate customers are seeing productivity gains in both efficiency and information accuracy by deploying a cost-effective solution. By automating the data and intelligence collection process, enterprises and individuals can better track, share and extract key data and information from a wealth of web pages and data sources.

About Connotate

Connotate is changing the way businesses leverage information from the Web and Enterprise.

Connotate's premium solution goes far beyond search allowing users to quickly create and share on-demand applications that discern high value information, automate repetitive tasks, provide analysis and alerts from information found on the Web and across the Enterprise. Its machine-intelligent Agents can do anything a human can do to monitor, mine, analyze, mashup and deliver high value content. Agents operate on a fully-automated, 24 x 7 basis. Connotate Agent Community GEN2TM is a robust, flexible and scalable platform. Agents are created using an intuitive GUI that supports fast and easy configuration by end-users without programming experience. Content is delivered over any number of media including XML, RSS, email, text messaging, file systems and direct feeds to SQL databases and Excel.

Connotate's clients include large hedge funds and financial services firms; many of the largest global publishers and online media companies; pharmaceutical, energy and Internet companies; and federal and state government agencies. Connotate was the recipient of the 2007 KM Promise Award and has been named one of the "100 Companies That Matter in Knowledge Management" by KMWorld for the fourth consecutive year. Connotate's investors include Goldman Sachs; a relationship that includes a joint marketing agreement in which Goldman Sachs' Hudson Street Services offers Connotate's solution to its investor client base. For more information on Connotate, visit our website at http://www.connotate.com.