Corio Reinforces its Customer Base With Active Software; Corio to Manage and Host PeopleSoft Financials for Leading eBusiness Integration Software Company.

REDWOOD CITY, Calif.--(BUSINESS WIRE)--June 28, 1999--

Leading application service provider (ASP), Corio today announced that they have added Active Software(TM), Inc. to their customer list.

Corio will manage and host PeopleSoft Financials applications for Active Software, a leading provider of eBusiness integration software products.

Active Software joins a growing list of Corio customers, all interested in laying the groundwork for efficient business operations. Corio's unique ability to install and implement their ASP model in ten to twelve weeks is a solution that fits the profile of mid-market high growth companies.

With limited capital resources to spend on hiring and retaining IT staff or investing in large and lengthy ERP application installations, Corio offers a timely, convenient alternative that has attracted an impressive list of emerging companies.

"We selected Corio because we wanted to upgrade to a top-tier ERP financial application, without taking on the implementation and management functions," said Jon Bode, vice president and CFO, Active Software. "With Corio, we can leverage the benefits of PeopleSoft's world-class financial applications to capture and administer financial data quickly and accurately across our organization, while simultaneously freeing up critical IT staff to work on other projects."

As a leading provider of eBusiness integration software, Active Software wanted a more robust and scalable ERP financial application. In order to eliminate the cost of multiple ERP system conversions, Active Software turned to the outsourcing experts at Corio. "By outsourcing our PeopleSoft Financials applications to Corio, we can focus on the core competencies of our business," said Bode.

"At Corio, we enable small companies to think like big companies," says Jonathan Lee, Corio's CEO. "We provide our customers with the functionality they need now with the flexibility to grow later."

About Corio

Corio is the leading Application Service Provider for growing 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 Exodus, PeopleSoft and Sun Microsystems. Headquartered in Redwood City, 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 http://www.corio.com.

About Active Software

Founded in 1995, Active Software is a leading provider of eBusiness integration software products that enable the integration of enterprise software applications within and across the extended enterprise. Active Software has more than 100 customers in industries such as telecommunications, financial services, government, technology, utilities, distribution, manufacturing and transportation. Active Software's headquarters are in Santa Clara. For more information, visit the company Web site at www.activesw.com.

Note to Editors: Corio is a trademark of Corio Corp. The Active Software logo, Active Software and ActiveWorks, are trademarks or registered trademarks of Active Software Inc. All other trademarks mentioned herein are the property of their respective owners.