Corio Customer IPWireless Goes Live on Oracle E-Business Suite in Less Than Sixty Days.

Business Editors/High-Tech Writers

SAN CARLOS, Calif.--(BUSINESS WIRE)--Sept. 4, 2001

Corio Applications on Demand(TM) and Cap Gemini Ernst & Young

Alliance Accelerate Deployments and Benefits

Corio, Inc. (Nasdaq:CRIO), a leading enterprise application service provider, today announced that their customer IPWireless, Inc., the leading next-generation broadband wireless technology company, went live on the Oracle(R) E-Business Suite in less than 60 days -- a landmark ASP industry achievement. By closely coordinating efforts with strategic partner Cap Gemini Ernst & Young and leveraging Corio's Applications on Demand(TM), Corio accelerates deployment and reduces the complexity of enterprise applications.

Corio's Applications on Demand(TM) expedites the start-up time required to get a customer live through activities such as reference builds, patch application, fast refreshes and automated testing. By leveraging automation, knowledge management and methodologies, Corio is able to reduce project timelines from months to weeks.

"Corio and Cap Gemini's coordinated efforts enabled us to get our Oracle application up and running in remarkable time," said Steve Carbone, corporate controller of IPWireless. "IPWireless recognizes critical speed to deployment capabilities and chose Corio and Cap Gemini for their proven track record of successful, on-time integrations. They exceeded our expectations."

Since April of 2000, Cap Gemini Ernst & Young and Corio have been working together to extend the reach and value of the ASP model. Together, the companies offer total enterprise management solutions for a wide range of core business functions such as e-commerce, procurement, manufacturing, customer support, finance, accounting and human resources. The two companies have jointly created a powerful business solution that features strategic and operational expertise enabled by a suite of hosted services.

"Speed of deployment is a cornerstone of the value proposition," said George Kadifa, president and CEO of Corio. "As an Oracle Authorized Application Provider and Cap Gemini's preferred ASP partner, we have created a winning alliance for customers who are deploying Oracle applications."

About the Oracle Partner Program

The Oracle Partner Program is a global business network of more than 12,000 companies who deliver innovative e-business solutions based on Oracle software. Through access to Oracle's premier products, education, technical services, marketing and sales support, the Oracle Partner Program provides partners with the resources they need to be successful in today's Internet economy. Oracle partners are able to offer customers leading-edge solutions backed by Oracle's position as the world's leading supplier of e-business solutions. Additional information is available at http://partner.oracle.com.

About IPWireless

IPWireless, Inc. is the leading next generation wireless technology company that has developed a groundbreaking advanced 3G standards-based broadband wireless technology solution that enables service providers to offer true high-speed portable wireless Internet access to worldwide consumer and business markets. IPWireless' next generation technology delivers two-way data transmission speeds, portability, affordability and ubiquity of coverage superior to any broadband alternative, including DSL or cable modems. Founded in April 1999, IPWireless is led by a world-class management team comprised of seasoned entrepreneurs, technology and marketing executives from Fortune 500 companies, including Lucent, Qwest Wireless LLC and Pacific Bell. The Company is backed by over $120 million in venture capital from leading firms including Bay Partners, DCM -- Doll Capital Management, Dougery Ventures, Gabriel Venture Partners, GIC Special Investments, J.F. Shea Venture Capital, Northwood Capital Partners and Oak Hill Capital Management. IPWireless is headquartered in San Bruno, Calif., with international facilities based in the U.K. and offices in Denver, Colorado. For more information, visit IPWireless on the World Wide Web at www.ipwireless.com.

About Corio, Inc.

Corio (Nasdaq:CRIO), a leading enterprise application service provider, delivers, hosts and manages best-of-breed applications and infrastructure services for a fixed fee. Corio's application suite, the Corio Intelligent Enterprise, features leading vendors such as Commerce One, PeopleSoft, Oracle, SAP and Siebel Systems. Corio's infrastructure suite, the Corio Intelligent Infrastructure, features modular application delivery and support services. Corio is headquartered in San Carlos, Calif. Additional information about Corio is available at http://www.corio.com.

Forward-Looking Statements:

Matters discussed in this release involving expectations, beliefs, plans, projections, intentions, 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. Forward-looking statements herein include statements regarding the ongoing relationship between Corio and IPWireless, Corio and Cap Gemini Ernst and Young, and Corio and other Corio customers discussed herein; and the benefits of such relationships to IPWireless and to other Corio customers. Forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. Some of the specific factors that may cause actual results to differ include: Corio's limited history of offering ASP services in general; the fact that Corio operates in a new industry with a rapidly-evolving business model; Corio's dependence on demand by customers for services provided by Corio, and uncertainty around such demand. Additional risks that could cause actual results to differ materially from those projected are discussed in Corio's filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on 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.

Note to Editors: Corio is a trademark of Corio, Inc. Oracle is a registered trademark of Oracle Corporation. All other product and company names mentioned herein may be the trademarks of their respective owners.