Excelergy Expands Global Workforce to Meet Growing Demand for Its High Performance Software Platforms.

Energy Editors/Business Editors/High-Tech Writers

LEXINGTON, Mass.--(BUSINESS WIRE)--Feb. 18, 2003

New colleagues bring rich experience and proven performance to expand Excelergy's global client base

Excelergy(R) Corporation, a world leader in high performance software platforms that increase revenues, improve cash flows and reduce costs for companies in the energy/utility industry and other restructuring value chains, has aggressively expanded its global sales and marketing team in response to growing demand for its products in North America, Europe/Middle East/Africa (EMEA) and the Asia-Pacific region (APAC). The global expansion comes soon after Excelergy completed a record-breaking year in 2002 in revenues, profitability and other key metrics.

"These newest additions to our growing global workforce were selected specifically because of their proven experience in delivering measurable results and ROI to their clients," said Bill Mahoney, Excelergy's president and chief executive officer. "Since we are projecting another record-setting year in 2003, we anticipate our new colleagues will play key roles in enabling Excelergy to meet and exceed our goals while delivering superior software and services to our clients."

Excelergy's new senior vice president of global sales is Stuart Young. Young is responsible for managing Excelergy's global sales force, including the company's expanding operations in North America, EMEA and APAC. He most recently served as senior vice president of sales and international operations for SCT Corporation, where his leadership nearly tripled SCT's competitive win rate relative to its top competitors. Young also previously served in sales management roles with EMC, Hitachi Data Systems and IBM.

Also joining Excelergy's executive team are David McNamara and Kevin Swenke. McNamara, Excelergy's new vice president for North American sales, joins Excelergy following a successful term as vice president of global sales for Conita, a speech-recognition solutions provider acquired by Avaya in 2002. Prior to Conita, McNamara served as vice president of sales for SCT Utility Systems, where he played a central role in driving that company's annual revenues five-fold during his tenure. In addition to McNamara, Excelergy's North American team has added George Emmanuel (Southwest) and Jeff Probasco (Northwest) as new region managers, and Kelly Sheeran as marketing manager.

Kevin Swenke is Excelergy's new vice president of energy markets. Swenke will oversee the expansion of Excelergy's energy/utility market product line. Swenke previously was founder and principal of ForwardMarket LLC, an innovative provider of real-time price risk analysis and hedge trading solutions to the retail energy industry, which was acquired by Excelergy in January 2003.

In EMEA, Excelergy has added as new account executives Randall Erwin (in charge of Italy, Spain and France), Andreas Mueller (Germany) and James Horsley (United Kingdom). Excelergy is also pleased to announce Grace Samodal as its new EMEA marketing manager and Hemant Mistry as EMEA solutions architect.

In the APAC region, Excelergy has added as region managers Kwan Yew Beng (Singapore), and Bill Swale (Australia, New Zealand). Rohini Midha has been appointed APAC business development manager, and Paul Evans joins Excelergy as APAC solutions architect.

"In such a challenging economic environment," added Mahoney, "Excelergy is pleased to stand out among software and technology providers by our ability to attract and bring in-house more of the industry's top sales and marketing talent. Ultimately, it is our current and future clients who will benefit most from the increased market penetration of Excelergy's world-class software platforms."

About Excelergy(R) Corporation

Excelergy is a world leader in high performance software platforms that increase revenues, improve cash flows and reduce costs in the energy/utility industry and other restructuring value chains. Excelergy's highly flexible, scalable software systems automate forecasting, trading, scheduling, billing, settlement and customer/partner acquisition and care. They are based on an open, object-oriented, Web-based, native XML technology architecture. Winner of both the Red Herring 100 and UPSIDE Hot 100 awards for the world's top private companies, Excelergy has its North American headquarters in Lexington, Massachusetts, its European headquarters in London, England and its Asia-Pacific headquarters in Melbourne, Australia. More information is available at www.excelergy.com.