Corio Announces Disaster Recovery Services for SAP Applications; Hitachi America Selects Corio's Disaster Recovery Solution for SAP.

Business Editors, High Tech Writers

SAN CARLOS, Calif.--(BUSINESS WIRE)--May 30, 2002

Corio, Inc. (Nasdaq:CRIO), a leading enterprise application service provider and SAP Hosting Partner, today announced Corio Disaster Recovery for SAP applications.

Corio Disaster Recovery for SAP is a highly reliable and cost-effective disaster recovery solution designed to provide turn-key business continuity in the event of a disaster at the customer's production location. The Corio solution provides more than just infrastructure by delivering dedicated resources and end-to-end application recovery.

Corio Disaster Recovery for SAP provides the utmost in reliability for customers who want to mitigate risks with an offsite recovery solution. Corio's proven recovery methodology configures and maintains the customer's dedicated SAP recovery environment and maintains synchronization with the production system. Corio's SAP application experts ensure an integrated recovery plan with the customer's business recovery procedures and support all aspects of the customer's SAP solution. Corio Disaster Recovery for SAP is available to companies who maintain their own SAP production environment or for current Corio customers who are looking to further enhance the reliability of their systems.

According to industry analysts, two out of five enterprises that experience a disaster go out of business in the next five years. "Corio has designed comprehensive recovery services specific to SAP application environments," said Cynthia Doyle of IDC. "For enterprises looking to reduce their exposure of enterprise applications in the event of a disaster, Corio provides them cost-effective and reliable access to their mission-critical systems to continue business operations."

Corio Disaster Recovery for SAP maintains a redundant application environment located in a Corio managed data center. The recovery environment is maintained on a mirrored network with storage and memory capacity sized to meet the customer's requirements. Corio's team monitors the recovery environment and manages the transmission of data between the production data center and the recovery data center. Corio's disaster recovery processes are designed to ensure that the recovery environment is operational within 24 hours of a disaster with a maximum of 6 hours of data loss. By providing a warm standby environment, Corio can ensure that a customer has application, database and infrastructure services following a disaster.

"Corio's end-to-end services provide us a high level of reliability," said John Gibb, a Director of IT at Hitachi America, Ltd. "In the event of a disaster, I'm confident that our critical business processes associated with our SAP environment will continue to operate smoothly."

"Corio's core business is applications management so our disaster recovery solution focuses on both technology and business recovery processes," said Jeff Lucchesi, Senior Vice President of Operations for Corio. "Our comprehensive services are designed for customers who cannot afford to take risks with their SAP applications and data."

To learn more about Corio's disaster recovery services for SAP applications, visit www.corio.com/SAPdr.

About Corio, Inc.

Corio (Nasdaq:CRIO), a leading enterprise application service provider, delivers best-of-breed enterprise applications over a secure global network for a fixed fee. Corio's experts deploy and manage applications from leading software vendors such as PeopleSoft, Oracle, SAP and Siebel Systems. Corio designs and deploys scalable, one-to-many architectures built using world-class infrastructure. Corio SRVCE enables customers to achieve superior speed, reliability, visibility, control and economics for their enterprise applications. Corio is headquartered in San Carlos, California. Additional information about Corio is available at www.corio.com.

Corio and SRVCE are trademarks of Corio, Inc. All other product and company names mentioned herein may be the trademarks of their respective owners.

FORWARD-LOOKING STATEMENTS:

Matters discussed in this release involving expectations, beliefs, plans, projections, intentions, future events or strategies are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities and Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995, and are made under their safe-harbor provisions. Such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. Forward-looking statements herein include statements regarding the disaster recovery services to be provided by Corio and the benefits of Corio's services to its customers. Some of the specific factors that may cause actual results to differ include: our limited history of offering ASP services, the fact that we operate in a new industry with a rapidly-evolving business model, the fact that the structure of relationships may change and our ability to adapt our services for rapidly changing technology. Additional risks that could cause actual results to differ materially from those projected are discussed in our public filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's analysis only as of the date hereof. Corio undertakes no obligation to publicly release the results of any revision to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.