Industry Expert Joins ClearOrbit's Executive Management Team as Chief Marketing Officer.

Business Editors & High-Tech Writers

AUSTIN, Texas--(BUSINESS WIRE)--Sept. 3, 2002

Supply Chain Veteran, Richard J. Sherman, to Spearhead Marketing

Strategy for Growing Software Company

ClearOrbit, a leading provider of supply chain execution and collaboration solutions, announced today that Richard J. Sherman, widely known in the logistics and supply chain industry, has joined the company as chief marketing officer (CMO).

In this role Sherman will be responsible for the corporate brand of the company and will oversee all marketing functions including product marketing, business development, marketing communications and analyst relations.

"The addition of Rich Sherman to our management team is a powerful opportunity for ClearOrbit as we expand our reach in the supply chain execution and collaboration marketplace," said Tom Dziersk, CEO at ClearOrbit. "Rich brings deep industry knowledge and many years of leadership experience to the company. One of his primary strengths is the insight he brings into market direction, which will be key as ClearOrbit continues to rapidly develop and roll out new supply chain event management products."

"It's exciting to be joining ClearOrbit at such a significant stage in the company's growth," said Rich Sherman. "To find a software company that continues to grow in this down economy is testimony to the emerging market for Supply Chain Process Management and the returns that companies can realize from collaborative initiatives and technologies. I look forward to the opportunity to work with the ClearOrbit team to maximize this growth and identify new areas for strategic product development in the supply chain market."

Sherman is an internationally recognized writer, researcher, and speaker on topics in supply chain management, collaborative commerce, and marketing. His extensive experience in the supply chain space includes launching the Supply Chain Advisory Services at AMR Research. He was also on the founding team of the Supply Chain Council.

Prior to joining ClearOrbit, Sherman served as CMO at V3 Systems. Before that, he was Senior Vice President of Marketing at EXE Technologies (Nasdaq:EXEE). During his more than 20 years in high-tech marketing, Sherman has also held senior management positions with Syncra Systems, Numetrix, Information Resources (Nasdaq:IRIC), Mercer Management Consulting, Digital Equipment Corporation and Unisys Corporation (NYSE:UIS).

He currently serves in a leadership capacity for several supply chain industry organizations including the VICS CPFR Committee, the Center for Logistics Management at the University of Nevada-Reno, the Council of Logistics Management (CLM) and the Warehousing Education and Research Council (WERC). Sherman holds both undergraduate and graduate degrees from the University of Notre Dame.

About ClearOrbit

ClearOrbit extends enterprise value with proven software solutions that allow customers to fully leverage their investment in enterprise applications while gaining additional value by incorporating their trading partners into supply chain execution processes. ClearOrbit products work within the existing enterprise system to leverage a "single version of the truth" expanding rather than duplicating functionality to eliminate inefficiencies in the supply chain. By using a single data model architecture, ClearOrbit delivers on the promise of Enterprise Resource Planning (ERP) with fully integrated supply chain execution and collaboration solutions that address limited functionality issues inherent in most ERP systems. ClearOrbit was founded in 1994 and currently serves more than 300 top manufacturing companies including Cisco Systems, Texas Instruments and Applied Materials. See how enterprise systems can reach a higher level at www.clearorbit.com or call us at 800/324-5143.