Corrigo Acquires invata international to Extend Web and Wireless Solutions Into Retail, Commercial Service Markets.

Business Editors

REDWOOD CITY, Calif--(BUSINESS WIRE)--Sept. 12, 2000

Corrigo, Inc.:

Corrigo's Leading Mobile Service Management Solutions are

Now Available to a Host of New Customers in Retail and Corporate

Facilities Property Management

Corrigo, Inc. the leading provider of mobile service management solutions for organizations with extensive maintenance, repair and installation functions, is expanding its reach beyond the multifamily and office real estate markets with the acquisition of invata international inc., a company specializing in computerized maintenance management systems and accounting systems.

invata supports over 1,500 clients in property management, banking, insurance, retail and government, including Rite Aid Corporation (NYSE:RAD), Best Buy Corporation (NYSE:BBY), Monro Muffler (NASDAQ:MNRO), CB Richard Ellis, Inc. (NYSE:CBG), Corrections Corporation of America (ASE:CCA), Grubb & Ellis, and Spieker Properties (NYSE:SPK).

The acquisition supports Corrigo's vision to boost efficiencies and advance best practices for any organization that must deliver and manage services through mobile or remote field operations. Corrigo's acquisition is also a key part of its growth strategy to leverage successes with residential service markets, such as multi-family apartment communities, into complementary service industries. Under the terms of the agreement, Corrigo and invata will operate as Corrigo, Inc., with Corrigo President Rick Michaux named President of the combined entity, and invata's Andrew Marks as Vice President of Retail Operations. The two privately held companies are not disclosing financial terms.

"Corrigo's mission is to deliver its mobile service management innovations to other markets that can benefit from enhancements in the service delivery process," said Rick Michaux. "This acquisition extends Corrigo's vertical market solutions as invata's operations complement our existing model and strengthen our position in retail and commercial service markets."

Corrigo's mobile service management solutions seek to revolutionize the maintenance, repair and installation service delivery process in much the same way as supply chain management revolutionized the manufacturing business. CorrigoNet(TM) uses the latest in Web and wireless technologies to coordinate a real-time flow of information between all participants in the service delivery process, including customers, technicians, management and suppliers. CorrigoSource, a wireless procurement facilitation engine developed in conjunction with Ariba, Inc. (Nasdaq:ARBA) to work as a companion product to CorrigoNet, pulls vendors and suppliers into the service delivery process by allowing technicians and other service providers to order services and parts from the field.

"Obviously that's (Corrigo technology) going to be the wave of the future. I'd venture to say that it's going to make us so much more efficient not being tied with a cable to anything," commented Steve Andrews, Manager of Facilities at Monro Muffler.

"We're enthusiastic about the Corrigo-invata combination and are interested in hearing about how Corrigo's Web and wireless can streamline efficiencies and enhance our service to our customers," said Matthew W. Seguin, Vice President of Property Management for CB Richard Ellis.

Corrigo's maintenance solutions are unique in that they provide real-time, dynamic information and incorporate both customer service and back-end operations. The merger is driven by the companies' shared strategic vision to revolutionize the operation of delivery services.

"We believe that maintenance is more than just making repairs. It is the act of satisfying customers," said Andrew Marks, CEO of invata. "Over the years, we have developed tools that enhance our customers' operations and make them more efficient, but the Internet and wireless technology has brought us to a new horizon that demands significant enhancements be delivered if we wish to continue providing the same cutting-edge tools that improve our customers' businesses. We believe Corrigo will help us get there with their Web and wireless solutions."

The invata team will become part of the Corrigo, Inc. organization and Corrigo will maintain offices in both Redwood City, California and in Columbus, Ohio. Andrew Marks, invata's CEO, will report to Rick Michaux, Corrigo's President, as a Vice President of Retail Operations and will manage Corrigo's extension in the retail space.

About Corrigo, Inc.

Corrigo provides Web-based solutions that drive improvements in customer satisfaction, staff productivity, asset performance and vendor management. These Mobile Service Management (MSM) Solutions apply groundbreaking innovations in wireless technology and the Internet to organizations with large, mobile service and field operations, including property management maintenance and extending to appliance and capital equipment repair.

Corrigo leases its solutions over the Web and via wireless services, minimizing customers' up-front investment and optimizing opportunities for growth. Corrigo delivers a solution that enhances the entire service delivery process, including implementation tailored to particular business processes, training of employees and 24 x 7 customer support. Corrigo is headquartered in Redwood City, California. More information on Corrigo is available at www.corrigo.com.

About invata international inc.

invata international inc. has been in operation since 1989. The company specializes in Computerized Maintenance Management Systems (CMMS) for retail and commercial property management organizations. Its primary product is a client server suite of applications that merges service and maintenance management with accounting and financial management. invata will remain as a wholly owned subsidiary of Corrigo.

Corrigo, CorrigoNet(TM) and CorrigoSource(TM) are trademarks of Corrigo, Inc. All other company and product names are trademarks of their respective owners.