Contivo Raises $8 Million in Third Round Funding; Voyager Capital and BA Venture Partners Lead Investment in Automated Data Integration Technology.

Business Editors/High-Tech Writers

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Jan. 27, 2003

Contivo, Inc., the leading provider of automated data integration, today announced it secured $8 million in additional venture financing which will be used toward business expansion through additional investments in sales, marketing, operations and continued product development. Existing investors, Voyager Capital and BA Venture Partners lead this round of funding.

Contivo's technology dramatically reduces the cost and time associated with the implementation and maintenance of integration projects by modeling, storing and managing metadata used for data integration. This approach to improving design methodologies and techniques for integration is a key component of a general market trend toward integration centers of excellence. Contivo customers have reported 40 - 60 percent reductions in cost and time to complete complex integration projects. HP has selected Contivo's product for use in their Integration Competency Center (ICC) initiative to accelerate and simplify their IT integration efforts as a result of their merger with Compaq.

"Companies are increasingly recognizing the need for a platform independent approach to integration. Contivo's modeling technology helps enterprises dramatically reduce the time and money they spend on integration implementation," said Rory O'Driscoll, managing director at BA Venture Partners. "Contivo fits our strategic investment philosophy because of the company's experienced team, industry-leading technology, close-ties to the standards organizations and effective delivery model."

"Based on the experiences of our portfolio companies, we know that Contivo's technology offers unparalleled functionality, speed and value to help companies stuck in the quagmire of ongoing integration projects," said Curtis Feeny, managing director, Voyager Capital. "We are extremely pleased with our investment in Contivo and look forward to participating in the company's continued success."

The ability to secure additional funding in a tight market demonstrates Contivo's impressive growth and sustained momentum. Since closing a round of financing in December 2000, Contivo has forged significant relationships with strategic partners and industry groups such as BEA Systems, OAGi and RosettaNet, secured high level customers including Agilent Technologies, Hitachi America Ltd. and HP. Additionally, Contivo has received industry recognition by Deloitte & Touche as a "Rising Star" in the Fast 500 and was identified as the 2nd fastest growing private company by the Silicon Valley Business Journal. Contivo's corporate investors include industry leaders BEA Systems, TIBCO Software and webMethods. Venture capital investors include BA Venture Partners, Voyager Capital and MSD Capital LP.

"Over the past year, Contivo has built a tremendous amount of momentum which has been validated by significant customer wins and numerous industry awards," said Larry Lenhart, president and CEO of Contivo. "This round of funding will allow us to continue to deliver time and cost savings to our customers while expanding our business."

About Voyager Capital

Voyager Capital is Seattle's leading information technology venture firm, providing entrepreneurs with the resources, experience, and connections to build successful companies. Voyager invests in early stage enterprise software and services, Internet infrastructure, and wireless companies. Voyager's managing directors bring experience from a variety of senior management, business development, and venture capital roles. Voyager's advisory board members and investors provide important contacts for e-business startups, and are among the most successful information technology executives and investors in Seattle and Silicon Valley. With $265M under management, Voyager's investments include Amplitude Software (acquired by Critical Path), Avenue A, Inc. (Nasdaq:AVEA), Captura Software, ClearCommerce, Contivo, NetPodium (acquired by Akamai Technologies) Qsent, SeeCommerce, and Tegic Communications (acquired by America Online). Voyager is headquartered in Seattle with an office in Menlo Park, CA. For more info, visit Voyager's web site at http://www.voyagercapital.com or telephone [phone].

About BA Venture Partners

BA Venture Partners, a venture capital partnership, leads start-up to expansion stage investments in networking, semiconductor, software, and biotechnology companies. The firm closed BA Venture Partners VI, a $500 million fund, in 2000. BA Venture Partners' sole limited partner is Bank of America. www.BAVenturePartners.com

About Contivo

Contivo provides solutions that enable enterprises to dramatically reduce implementation and maintenance costs, up to 40 percent, of enterprise-wide integration while leveraging IT investments and increasing the value of enterprise data. Contivo provides integration architects with a centrally managed repository that introduces reuse and collaboration to a previously one-off and manual task. Contivo introduced the concept of Enterprise Integration Modeling (EIM), a framework on which companies can create, leverage and manage their knowledge base of data integration efforts.

Contivo was founded in 1998 and has forged significant relationships with strategic partners and customers, including BEA Systems, webMethods, Agilent Technologies, Hitachi America, Viacore and TIBCO Software. Corporate investors include industry leaders BEA Systems, TIBCO Software and webMethods. Venture capital investors include BA Venture Partners, MSD Capital LP and Voyager Capital. Contivo is privately held and headquartered in Mountain View, CA. More information about the company can be found at http://www.contivo.com/