Courion Exceeds Estimates with 35 Percent Revenue Growth in 2003; Increasing In-production Customers, Industry-Leading Technology to Shape Future of Identity Management.

Business Editors/High-Tech Writers

FRAMINGHAM, Mass.--(BUSINESS WIRE)--Jan. 20, 2004

Courion(R) Corporation, a leading provider of self-service identity management solutions, today confirmed its growth figures for 2003. Exceeding estimates, the company achieved 35 percent revenue growth and increased its number of new customers by 50 percent over 2002. Driving customer value through optimized user productivity, improved operational efficiencies, strengthened security and reduced costs, Courion achieved several significant accomplishments this year including:

-- Increasing its number of new customers by 50 percent, adding

to an impressive list of over 200 enterprise customers with

eight new Fortune 1000 customers and two new Global 1000

customers added in Q4, for a total of over 50 Fortune 500

customers, 15 of which are among the Fortune 100;

-- Adding four new user provisioning customers in Q4 including

such organizations as Darden Restaurants, owner of the popular

Red Lobster, Olive Garden, Bahama Breeze and Smokey Bones

restaurants, and IEEE, a non-profit, technical professional

association of more than 380,000 individual members in 150

countries;

-- Gaining 75 percent growth in repeat business from existing

enterprise customers who are moving into new phases of their

identity management projects including automated user

provisioning;

-- Hosting the industry's first user provisioning users group

conference, CONVERGE, and planning the second semi-annual

conference for this spring at the customers' request;

-- Delivering into customer production Courion's Identity

Management Suite(TM) 6.5, the vendor-neutral identity

management solution anchored by its AccountCourier(R) user

provisioning and PasswordCourier(R) password management

product lines;

-- Ranking high in the Network Computing review of identity

management products in the October 30, 2003 Secure Enterprise

supplement (also online at Security Pipeline);

-- Declaring its support for an open, interoperable standard for

federated network identity and identity-based Web services by

joining the Liberty Alliance; and

-- Joining the TechNet CEO Cyber Security Task Force in support

of the challenge to companies across the nation to use the

Corporate Information Security Evaluation for CEOs to improve

their company's information security posture by National Cyber

Security Day, April 4, 2004.

"Courion has never strayed from its vision to drive value for customers in the form of improved operational efficiencies and optimized user productivity," said Chris Zannetos, president and CEO, Courion. "We believe that identity management sits at the core of today's businesses and that by automating repetitive manual identity management functions, companies can improve business operations and ultimately help drive revenue through increased user productivity and improved security. And, with all the new and repeat business we gained last year, we know we are striking a chord in the real world with our customers and executing well on our vision."

About Courion

Courion Corporation is a leading provider of self-service identity management solutions that help enterprises manage the access rights and credentials of employees, business partners and customers with more speed, more security and less cost. Courion's Identity Management Suite, anchored by its AccountCourier user provisioning and PasswordCourier password management product lines, securely automates the resolution of common operational challenges such as user account setup and deletion and password reset and synchronization. Courion's non-invasive, self-service architecture enforces security policies, while providing measurable cost-savings, operational efficiencies and productivity improvements.

Courion's customers include industry leaders such as American Electric Power, The Boeing Company, Children's Hospital Boston, Fannie Mae, GE, Office Depot, SunTrust Banks, government institutions such as the U.S. Internal Revenue Service and U.S. Census Bureau, and large not-for-profit organizations such as Kaiser Permanente. Courion is funded by QuestMark Partners, JMI Equity and other private investors. For more information, contact Courion's headquarters in Framingham, MA, USA at 508-879-8400 or visit www.courion.com.

Courion, PasswordCourier and AccountCourier are registered trademarks of Courion Corporation. All other company and product names may be trademarks of their respective owners.