Crownpeak Doubles the Number of Live Client Projects, Reports More Than 100 Percent Revenue Growth for First Four Months of 2004 Over 2003 Period.

Business Editors/High-Tech Writers

MARINA DEL REY, Calif.--(BUSINESS WIRE)--June 3, 2004

Content Management Software Service Leader

Continues to Boost Profit Levels, Add Marquee Clients

Sustaining the growth that has powered the company since its inception, CrownPeak Technology (www.crownpeak.com), the leader in software service web content management, today announced that it has doubled the number of live web sites on the system from the first quarter of 2003 to the first quarter of 2004.

Now in its fourth year in business, CrownPeak has posted a 90 percent compound annual growth rate since its founding. Revenue for the first four months of 2004 increased by more than 100 percent when compared with the same period in 2003, indicating accelerated growth from already high historical levels. Earnings before interest and taxes (EBIT) increased from 11 percent to 26 percent for the same period, reflecting the efficiency of the software services model.

"We're continuing to prove that not only is the software service model viable, it's superior," said Jim Howard, CEO, CrownPeak. "We have highly predictable costs and highly predictable revenue. That, along with the efficiency of the delivery model, is the best recipe we know for sustained high profitability."

CrownPeak has also continued to drive innovation by adding a range of new product features and service offerings, including new capabilities geared to quick, cost-effective intranet and extranet deployment.

Joining the CrownPeak client roster year-to-date are such companies as Hyundai Motor, Hospital Corp. of America (HCA), California Highway Patrol, the Virginia State Board of Elections, New Century Financial and Reed Elsevier. Among the unique content management applications built with CrownPeak's Advantage CMS platform: sophisticated event calendar and project management systems, document and digital asset repositories, email campaign and marketing engines, knowledge management systems, internal workflow systems, online commerce and subscription services, online ad management and marketing platforms, and foreign language translation engines.

"There's no longer any question that the software service delivery model is the alternative of choice for serious content management," said Howard. "The market has moved beyond packaged enterprise content management software, for reasons of cost, efficient deployment and lower risk.

"To support our software service platform, we have embarked on a concentrated software development initiative and plan to intensify our efforts in this realm," he said. "Moving forward, we will continue to have the advantages of on-demand pricing and the software service delivery model. Right now, our integration capabilities and our API technologies are more flexible and more advanced than any offering in our space."

About CrownPeak Technology

Based in Los Angeles, CrownPeak Technology is the first company to provide world-class Web content management software as a service. The company's Advantage CMS(TM) platform is the only solution that combines enterprise-level power and flexibility with the cost and speed-of-implementation of a hosted software application. Advantage CMS(TM) features the easiest-to-use interface of any CMS, and is the only hosted CMS to offer a full API and developer environment. Serving such clients as Crain Communications, Honeywell, The Office of the U.S. Trade Representative, the University of Southern California, and the State of Virginia, Advantage CMS(TM) manages and publishes hundreds of thousands of Web pages. CrownPeak has been named to eContent's 100 most influential companies list, has won eWeek's prestigious Analysts Choice Award and is a 2003 and 2004 SIIA Codie Award finalist as Best Content Management System.