Credit Suisse First Boston Lead Manages Vitria Software IPO.

PALO ALTO, Calif.--(BUSINESS WIRE)--Sept. 17, 1999--

Credit Suisse First Boston announced today that it acted as lead manager of the initial public offering of Vitria Technology Inc. The offering of 3,000,000 shares of common stock was priced at $16 /share, above the revised filing range of $13-15 / share (original filing range was $10 - 12 / share). When the market closed today, the stock was trading at $48.25, a gain of more than 200%. The shares are listed on the NASDAQ National Market under the ticker VITR.

"Our goal has always been building the company into a great longterm company and building the company into one of the greatest software companies for the next decade, so we're very pleased with the market's endorsement of our vision of a realtime ebusiness platform," said JoMei Chang, CEO and President of Vitria Technology Inc. in a live interview on CNBC's Power Lunch this morning following the well-received first day of trading.

Vitria Technology Inc. is a leading provider of eBusiness infrastructure software. Vitria's product, BusinessWare(R), enables companies to conduct business electronically across corporate networks and over the Internet. BusinessWare allows companies to automate mission-critical business processes -- like order fulfillment and inventory management -- by managing the flow of information across internal IT systems and the IT systems of their partners and customers. BusinessWare gives companies complete control and visibility of their business operations across their extended enterprise, enabling them to improve the efficiency of their business operations, reduce time to market for new products and services, develop closer relationships with their partners and customers, and rapidly respond to changing business conditions.

To date, Vitria, based in Mountain View, California, has licensed BusinessWare to industry-leading customers in telecommunications, business services, manufacturing, and financial services industries.

Credit Suisse First Boston is a leading global investment banking firm, providing comprehensive financial advisory, capital raising, sales and trading, and financial products for users and suppliers of capital around the world. It operates in over 60 offices across more than 30 countries and has over 14,000 employees. For the year ended December 31, 1998, CSFB had $6.7 billion in revenues, $7.1 billion in equity and $291 billion in assets. The Firm is a wholly owned subsidiary of the Zurich-based Credit Suisse Group.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.