Corio Partners with Siebel Systems to Deliver Front Office Solutions; Vertical Networks and Authentica-Security To Feature Integrated Front Office and Back Office Solution.

REDWOOD CITY, Calif.--(BUSINESS WIRE)--Oct. 27, 1999--

Corio, a leading Application Service Provider (ASP), announced a distribution partnership with Siebel Systems, Inc., the world's leading provider of front office applications. Under the agreement, Corio will sell, implement, remotely host and manage Siebel Systems' sales effectiveness and customer service solutions, as well as next generation eBusiness applications to high growth, mid-market companies. Siebel Systems will be Corio's exclusive front office application platform.

Through this partnership, Corio and Siebel Systems will offer integrated front office and back office solutions that enable the seamless flow of data across an organization. Siebel Front Office Applications will allow Corio to support a broad range of customers' needs, from a single rich platform. By integrating and hosting back-office applications with Siebel front office solutions, Corio provides a simplified and cost-effective solution for high-growth companies that want to focus on their core businesses. Corio and Siebel Systems will also participate in joint marketing, sales and development activities.

Enabling eBusinesses

Corio customers are already lining up to use Siebel's products. Vertical Networks, a company that develops integrated communications platforms designed for small businesses and branch offices, has expressed interest in Siebel eBusiness applications, including Siebel eSales, to sell its products over the Web.

Authentica Security, an information protection company, has also signed up for an integrated front and back office solution. Authentica Security's rapid growth led them to realize that they would need the benefits of an integrated front and back office application suite quickly, yet they did not want to be distracted from focusing on their core business. After considering the options, Corio emerged as the most strategic fit for their business model.

"Corio is currently the only pure-play ASP offering an integrated solution featuring Siebel and PeopleSoft," said Authentica Security chief executive officer, Lance Urbas. "Given our current growth rate, outsourcing our applications to the experts at Corio allows us to focus on driving and supporting our rapid development, not our infrastructure."

"As an Internet company, it is vital to affiliate ourselves with partners who provide top web-based customer relationship management applications," said George Kadifa, chief executive officer at Corio. "Siebel Systems is the clear leader in the market and they provide a wide range of hostable front office solutions that complete the Corio package. Through our unique partnership with Siebel Systems, we can bring a completely integrated application solution to our existing customers as well as satisfy the huge demand we are experiencing in the market."

Leading the Industry

With many of today's digital elite on their customer list, Corio has emerged as the premiere ASP, delivering the first "proof of concept" for the ASP industry with a successful implementation of the model at Excite. By remotely implementing and managing enterprise applications at leading high growth companies such as Buildnet, Ericsson Webcom, Hoyts Cinema, and Loancity.com, Corio has established its preeminence in the ASP market.

About Corio

Corio is the leading Application Service Provider for high-growth companies. Corio provides a total solution including application recommendation, quick implementation, secure hosting and network infrastructure, 24x7 application support and ongoing application management. Solutions are targeted for emerging and mid-market companies needing to implement key applications that support their complex, dynamic operation requirements. Corio is a pioneer in the ASP market and holds partnerships with other leading software, networking and hardware vendors such as Concentric and Sun Microsystems. Corio is the preferred ASP for PeopleSoft. Headquartered in Redwood City, California, Corio is backed by Kleiner Perkins Caufield and Byers and its KPCB Java Fund, PeopleSoft, Integral Capital Partners, Greylock and Norwest Venture Capital. More information on Corio is available at www.corio.com.

Corio is a registered trademark of Corio Corp. All other company and product names may be trademarks of their respective owners.