Daleen Technologies to Integrate RevChain Application with the Oracle E-Business Suite.

Business Editors & High-Tech Writers

BOCA RATON, Fla.--(BUSINESS WIRE)--July 26, 2001

Daleen Technologies Inc. (Nasdaq:DALN), a global provider of software that manages the revenue chain for next-generation service, enterprise business and technology solutions providers, today announced plans to integrate its comprehensive billing functionalities with the CRM applications of the Oracle E-Business Suite.

As a member of the Oracle Partner Program (OPP), Daleen will have access to Oracle's premier products to help develop a solution for e-businesses that helps automate and manage the entire revenue chain associated with customer relationship management, enabling service providers to eliminate inefficient manual processes. Daleen's RevChain(TM) Commerce zero-code client billing application can help enable tier-one service provider customers to increase the effectiveness of their CRM initiatives while providing improved time-to-revenue. Daleen plans to go to market with the integrated solution in August.

"Our partnership with Oracle will provide significant benefits for companies who need to have a true 360 degree view of their customer and who have complex billing requirements," said James Daleen, chairman and chief executive officer for Daleen. "We look forward to working closely with Oracle to help provide our customer a leading-edge solution."

About the Oracle Partner Program

The Oracle Partner Program is a global business network of more than 12,000 companies who deliver innovative e-business solutions based on Oracle software. Through access to Oracle's premier products, education, technical services, marketing and sales support, the Oracle Partner Program provides partners with the resources they need to be successful in today's Internet economy. Oracle partners are able to offer customers leading-edge solutions backed by Oracle's position as the world's leading supplier of e-business solutions. Additional information is available at http://partner.oracle.com.

About Daleen

Daleen Technologies Inc. is a global provider of Internet software solutions that manage the revenue chain for next-generation service providers, enterprise business and technology solutions providers. Daleen's RevChain product line automates and manages service providers' revenue chains by providing functionality including service creation and management, customer management, order and fulfillment, billing and settlement across the span of the enterprise. The Daleen RevChain product line is comprised of a set of industry-focused software suites and core applications built on the Daleen Internet Integration Architecture (IIA(TM)) system, which leverages open Internet technologies to integrate seamlessly with legacy and existing systems while requiring zero code on the client. Additional information is available at http://www.daleen.com.

Certain matters discussed in this press release may be considered "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of the Company and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-looking statements include variance of quarterly operating results; not yet achieving profitability; competition; need to expand sales and distribution capabilities; lengthy sales cycles and timing of contract awards; ability to attract and retain qualified employees; our continued use of strategic relationships to implement and sell our products; managing growth; planned international operations; meeting customer expectations; general market conditions, and quality of software delivered. These and additional important factors to be considered are set forth in the Company's Annual Report on Form 10-K for 1999 and in the Company's Quarterly Reports on Form 10-Q. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

Daleen and RevChain are registered trademarks or trademarks of Daleen Technologies Inc. in the United States and other countries. Oracle is a registered trademark of Oracle Corporation. All other trademarks and registered trademarks are property of their respective owners.