Ensim Announces $64 Million in Financing for Long-Term Global Expansion.

Business Editors/High-Tech Writers

SUNNYVALE, Calif.--(BUSINESS WIRE)

Jan. 8, 2001-

Co-founder Rosen Sharma Named CEO and Board Member Ajit Shah

Appointed Chairman as Ensim Extends Leadership Position in

$70-Billion Hosting Market

Ensim Corporation, the hosting operations infrastructure leader, announced today that is has secured $64 million in new funding. The round includes new investors Worldview Technology Partners, Amerindo Technology Advisors, Charter Growth Capital, 3i Technology Partners, Sumitomo Corporation, Presidio Venture Partners, Newton Technology Partners and Epoch Partners. Returning to this round are New Enterprise Associates, ONSET Ventures and CMEA Ventures. This brings total investment in Ensim to $85 million since 1999.

Concurrently, Ensim announced several management changes. Rosen Sharma, Ensim co-founder and chairman, succeeds Ken Fehrnstrom as chief executive. Ajit Shah, general partner at Worldview Technology Partners, which led the new round, has assumed the role of chairman. Under their leadership, Ensim will use the new funding to support global expansion, strengthen sales and marketing, and further develop Ensims industry-leading technology for hosting infrastructure. In a report released last month by the Aberdeen Group, in which Ensim was profiled, the market consulting and research firm forecast that the hosting services market will reach $70 billion by 2005.

Optimizing data center infrastructure represents a huge market opportunity that will bring new revenue streams and cost-efficiencies to Internet hosting operations internationally, said Shah. We believe strongly in Ensims potential to meet this rapidly emerging need. In our view, they have the right technology, innovative products, and a strong team that will permit them to lead the market.

We have our core product, a significant roster of charter customers and a solid management team, said Sharma, Ensims president and CEO. This funding lets us take the next step in our business plan, to fully penetrate our markets and establish Ensim as not only as the first mover but also the market leader. The hosting business is exploding, and our partnership with such seasoned investment pros gives us the resources to make the most of our early lead.

Sharma co-founded Ensim in June 1998 with Cornell colleague, S. Keshav. Sharma was an assistant professor of computer science at Cornell University. Prior to joining the faculty at Cornell, Sharma co-founded VxTreme, a Silicon Valley start-up focused on client-server multimedia applications over the internet. VxTreme was acquired by Microsoft in July 1997. Sharma received his Ph.D. from Cornell University and his B.Tech in Computer Science from the Indian Institute of Technology, Delhi, where he was awarded the President's Gold Medal.

Shahs broad background includes 16 years as a venture investor, business and technology executive, and entrepreneur. Prior to Worldview, he was a Partner at Sierra Ventures where he helped lead the software investment practice. He founded several Silicon Valley companies including Ajida Technologies, PlanetID, Intuitive Surgical, Epicardia, and MTP. Shah received a B.S. in Mechanical Engineering from the University of California, Berkeley (Highest Distinction) and a M.S. in Electrical Engineering from Stanford University (Bell Labs Fellow). He also earned a joint Ph.D. from the College of Engineering at the University of California, Berkeley and the School of Medicine at the University of California, San Francisco.

With 25 patents pending on ServerXchange(TM), Ensims flagship product enables hosting providers to build and operate a scalable and profitable hosting business.

In a separate release, Ensim also announced today that it has completed the asset acquisition of Cybermedia Software Private, Ltd. in Pune, India.

About Ensim Corporation

Ensim Corporation has created a new category of Internet infrastructure products and solutions to address the rapidly changing needs of hosting providers. ServerXchange, Ensim's flagship product, is the industry's first comprehensive hosting operations platform designed to enable hosting providers, including ISPs, ASPs and data center operators, to rapidly grow and efficiently operate large-scale, web and e-commerce hosting businesses. ServerXchange gives hosting providers a unified view into their hosting environment, a mechanism for rapidly adding new and differentiated service plans, and a comprehensive portfolio of automation and customer self-administration tools. Headquartered in Sunnyvale, California, Ensim Corporation is a pre-IPO company funded by leading Venture Capital firms such as New Enterprise Associates and Worldview Technology Partners. For more information about Ensim Corporation, please visit www.ensim.com or call Ensim at 1-877-693-6746.