Pantero Corporation Names Dennis Doughty Vice President Of Engineering; High Tech Leader to Drive Design and Development of Pantero's Data Integration Solutions.

Business Editors/High-Tech Writers

WALTHAM, Mass.--(BUSINESS WIRE)--Nov. 20, 2003

Pantero Corporation today announced that Dennis Doughty has joined the company as vice president of engineering. Doughty will direct Pantero's engineering team and lead development of the company's initial product set, which is expected to be announced in early 2004.

"Dennis' experience with early-stage companies will be instrumental as we continue to build the Pantero team and focus on development of our software," said Pano Anthos, Pantero president and CEO. "After closing a $4 million Series A round of funding in June, we've been assembling engineering talent to drive and execute technology development. Dennis' skills are a perfect complement to our aggressive business goals."

With nearly two decades of experience in the high tech industry, Doughty has extensive experience in software architecture, interface design, strategic planning and project management. Most recently, Doughty served as vice president of engineering at Lycos. In this role, he led a 47-person team in creating content and architecture of major Lycos Network properties. Prior to Lycos, Doughty served as director of engineering at Grasp Information Corporation, where he spearheaded development of the company's flagship knowledge management system, and at Interleaf, Inc., where he directed the company's document management offerings. Doughty has also held senior engineering positions at International Lisp Associates and Symbolics, Inc. Doughty holds a B.S. in Computer Science from Massachusetts Institute of Technology.

"Pantero is addressing the most costly pain point in application integration projects today - manual design and one-off development," said Doughty. "As vice president of engineering, I've got a considerable opportunity to execute the technology component of the company's business plan and radically reduce the costs and effort involved with enterprise application integration."

About Pantero Corporation

Based in Waltham, Mass., Pantero Corporation empowers companies to design and deploy an effective and flexible data strategy that maximizes ROI for service-oriented architectures and ultimately reduces integration project costs by 50% on average. Through its model-driven suite of tools, Pantero automates the deployment of shared data services (SDS), a reusable set of business application services. Pantero interchange models capture and rationalize the inherent inconsistencies of data formats and meaning, in a way that ensures data interoperability. Backed by top-tier investors including Draper Fisher Jurvetson, Draper Fisher Jurvetson Gotham Ventures and Partech International, Pantero's technology is currently being deployed at pilot sites that include some of the world's largest corporations. Pantero Corporation is on the World Wide Web at www.pantero.com.