Indus Announces CBM Connector; New Integration Tool for Condition-Based Maintenance Expands ActionPoint Management Solution Benefits.

Business Editors

ATLANTA--(BUSINESS WIRE)--March 27, 2003

Indus International Inc. (NASDAQ: IINT), provider of ActionPoint Management(TM) solutions, today announced the planned release of the company's new CBM Connector(TM) product, which provides integration between Indus asset management solutions and leading condition monitoring and assessment tools, critical for the implementation of condition-based maintenance (CBM).

The new CBM Connector was developed by Indus in collaboration with leading CBM vendors to allow real-time and periodic data capture of physical asset condition and assessment results to be linked to Indus' ActionPoint Management solutions. As a result, customers using Indus and CBM solutions will achieve significant performance improvements and cost savings by having the most up-to-date asset statistics on which to base time-critical operations & maintenance decisions. Leveraging open industry standards such as Machinery Information Management Open Systems Alliance (MIMOSA), the participants developed the CBM Connector's functionality to provide a host of benefits, from a more efficient integration with lower software maintenance cost, rapid time for deployment and flexibility for integrating new monitoring technologies to improved timeliness and accuracy of asset information.

"Indus and key participants in the condition monitoring and analytics field are leading the asset management industry with an open standards approach to CBM integration," said Indus International Executive VP of Worldwide Operations Greg Dukat. "As a result of this approach, our customers can purchase the CBM Connector to achieve productized connectivity with industry-leading CBM solution components - even if the components are upgraded. This ability will further increase our customers' world-class performance and breakthrough cost savings through Indus ActionPoint Management solutions."

Dukat added, "Our customers will benefit from the CBM Connector in two ways. First, the CBM Connector allows an integrated EAM/CBM solution which provides accurate longer-term planning based on actual asset condition, with automatic generation of pre-planned work orders and associated logistic support elements. Second, it provides a more efficient integration with lower software maintenance costs."

The CBM Connector product will be available in May 2003.

True Collaboration with Industry Leaders

Industry leaders in the condition monitoring and analytics field collaborated with Indus and each other, in the truest sense, in creating the CBM Connector. The product was developed in close collaboration with Bently Nevada, CSI a Division of Emerson Process Management, The DEI Group, DLI Engineering, PdMA Corporation, Scientific Monitoring Inc. and SmartSignal Corporation.

Commenting on the CBM Connector, Marco Alcalde, Bently Nevada's software product line manager, notes that condition monitoring software is focused on identifying asset malfunctions and wear. Says Alcalde, "It fundamentally answers the question 'What should I work on and why?' Maintenance management software provides a complementary function by answering the question 'How can I best perform this work?' When integrated, these systems improve the overall effectiveness of asset management more powerfully than when used as standalone systems." Alcalde concludes, "Indus' new CBM Connector makes this integration a reality, and we're in the process of releasing support for this interface in our System 1(TM) Plant Asset Management software."

According to The DEI Group, this innovation is an important step in emphasizing the collaborative value of condition monitoring and condition assessment solutions as critical enablers of ActionPoint Management capabilities. "The DEI Group has partnered with Indus for more than five years to enable the Indus Asset Optimization solution," said Marton Dundics, President/CEO of The DEI Group. "The Indus CBM Connector provides a cost-effective way for our mutual clients to achieve the benefits associated with open industry standards for asset management."

Michael Sander, director of marketing for Emerson Process Management's CSI division said, "CSI is very excited to work with and support Indus International in its open standards integration of condition-based monitoring systems through MIMOSA. CSI feels that the information exchange between its RBMware Machinery Health Management Platform and Indus International's ActionPoint Asset Management solutions is an important step in bringing higher value and better return on assets to both CSI and Indus customers."

"Asset management and equipment reliability has become vitally important to today's manufacturing companies," said Tim Owens, President and CEO of PdMA Corporation. "To maximize productivity and reduce maintenance costs and downtime, it has become necessary to incorporate asset health condition and maintenance history into enterprise asset management applications. CBM Connector integration is the tool to exchange critical asset information between our products and Indus International's Passport software solution without the headache of customized integration."

"The new CBM Connector(TM) using MIMOSA standards represents an inflection point for the condition-based maintenance industry in general and predictive condition monitoring solutions in specific," noted Gary Conkright, President and CEO, SmartSignal Corporation. "Clients using Indus ActionPoint Management solutions with the new CBM Connector and SmartSignal eCM(TM) will be able to automatically transform reactive maintenance strategies using emergency work orders into proactive maintenance strategies using planned work orders in real time. Doing so will decrease downtime, increase asset availability, reduce maintenance costs and improve return-on-assets."

"This is an important milestone for the asset management industry and the open industry standards provided by MIMOSA," said Alan Johnston, a MIMOSA Director and Principal Consultant for Virtual Convergence. "The MIMOSA vision of open, collaborative and comprehensive asset management solutions is being supported by a broadening range of commercial product releases. We think this approach will enable the true breakthrough asset management solutions of the future."

About Indus International

Indus International provides breakthrough value to its clients by delivering ActionPoint Asset Management, a business improvement program which delivers all the information needed by an end user to make the best decision possible at the point where that decision is made. Indus software products, professional services and hosted service offerings improve our clients' profitability by reducing costs, increasing capacity and competitiveness, servicing their customers and billing for services and ensuring regulatory compliance. Indus solutions are used by more than 300,000 end users in more than 40 countries and diverse industries - including manufacturing, utilities, telecommunications, government, education, transportation, facilities and property management, consumer packaged goods and more. For more information, visit our Website at http://www.indus.com.

Safe Harbor Statement

Statements in this press release that are not strictly historical, including but not limited to statements regarding Indus' market position, customer base and the impact on future financial results, are ``forward-looking'' statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. These statements involve a high degree of risk and uncertainty, are predictions only and actual events or results may differ materially from those projected in such forward-looking statements. Factors that could cause or contribute to differences include the uncertainty regarding viability and market acceptance of the Company's products and services, the ability to complete software development plans in a timely manner, changes in relationships with third parties, product mix sold by the Company and other factors described in the Company's most recent periodic filings with the Securities and Exchange Commission, including its 2001 Annual Report on Form 10-K filed on April 1, 2002, and subsequent filings on Form 10-Q.

Indus and ActionPoint Management are trademarks of Indus International Inc. Other company and product names may be trademarks of the respective companies with which they are associated.