EngineX Networks Names Services Innovator and Business Leader Dale Booth its Chairman and CEO; Former Fujitsu Senior Executive Headed High Growth Business Unit.

Business Editors & High Tech Writers

ALAMEDA, Calif.--(BUSINESS WIRE)--Dec. 20, 2000

EngineX Networks, Inc. a pioneer in the design and implementation of optical, packet and wireless IP network technologies for service providers, announced today that Dale A. Booth has joined the company as its chairman and chief executive officer. A former senior vice president and chief operating officer at Fujitsu Network Services, Booth created that division and powered it to a 373 percent compound annual growth rate over the last three fiscal years.

EngineX Networks is a rapidly growing professional services company that prepares network service providers for the shift to converged network platforms. With the support of venture financing from Technology Crossover Ventures, the EngineX Networks team is aggressively penetrating the North American market and achieving enthusiastic market acceptance for its groundbreaking public network service portfolios. As chairman and CEO, Booth has already begun building on this momentum as EngineX Networks continues to expand its consulting practice areas and its presence, both nationally and internationally.

"Dale Booth brings to EngineX Networks more than two decades of telecommunications industry experience and foresight in the market. His vision, leadership and understanding of the needs of the service provider market are a perfect fit," said Brandon Chaney, founder of EngineX Networks. "He is a natural leader with a great portfolio of proven experience."

Booth's charter is to propel EngineX Networks into a leadership role in the public network services market, which analysts have estimated at $89 billion this year, climbing to $120 billion in 2002.

"I joined the EngineX Networks team because their innovative approach presents an extraordinary opportunity to redefine the public network service market as we know it today," said Dale Booth. "To achieve success in this market requires a world-class service provider-experienced management team, a strong pioneering culture and an outstanding base of technical talent. I look forward to bringing EngineX's services and talents to the multitude of service providers that are staking their future on successfully deploying converged network platforms."

Jake Reynolds, Technology Crossover Ventures general partner and member of the EngineX Networks Board of Directors, said the board is delighted with the choice of Booth as chairman and CEO.

"Dale Booth is a proven winner with tremendous experience in delivering services to network service providers to help them bring new technologies and services to market. We believe Dale is the right person to help EngineX Networks capitalize on the huge market opportunity for public network services," Reynolds said.

A 20-year veteran in the telecommunications industry, Booth created the Fujitsu Network Services division of Fujitsu Network Communications, which focused on helping service providers design and deploy their revenue-bearing networks. Booth was responsible for the strategic direction and overall management of the division, driving it to growth rates of 86 percent in fiscal 1998 and 78 percent in fiscal 1999, with revenue of $235 million in fiscal 1999.

Booth's strong leadership led Fujitsu to the number two market position in the public network services space. Prior to that, Booth served as chief information officer of Fujitsu Network Communications, the $2 billion North American network equipment subsidiary of Fujitsu Limited, a $50 billion leading provider of information technology products and solutions for the global marketplace.

Booth serves on numerous boards and councils, including Daisytek International, the Texas Quality Foundation, the International Engineering Consortium, Telecom Corridor 20, Trinity Ventures, and Telecentric.com. Booth is a member of the American Productivity and Quality Center and the Society of Manufacturing Engineers.

About EngineX Networks

EngineX Networks is a professional services firm pioneering the design and implementation of converged next generation public networks and the support systems required to operate and manage them. EngineX Networks plans, designs and implements advanced optical, packet and wireless IP network technologies. Our vendor-neutral approach guarantees the best technical alternatives to meet today's needs while providing a clear migration path for the future. Headquartered in Richardson, Texas, EngineX Networks is backed by Technology Crossover Ventures. For more information, please visit our Web site www.exn.com.

About Technology Crossover Ventures

TCV was founded in 1995 to capitalize on the emergence of the Internet and to create a new model for Internet investing by combining the best of venture capital and public market investing. It is one of the largest venture firms in the country focused exclusively on the Internet, having raised over $2.5 billion since 1995. TCV has twelve partners, and headquarters in Palo Alto, California. The company provides multi-stage venture funding -- from $3 million to $75 million per company -- and leverages its venture activity into the public market. Over the past five years, TCV has invested in over 125 portfolio companies. Fifteen of TCV's companies had their initial public offerings in 1999, while seven of TCV's companies have done so thus far in 2000. For more information about TCV, visit the Web site at www.tcv.com.