Pivotpoint Acquires Sofwave, Enterprise Asset Management Provider.

WOBURN, Mass.--(BUSINESS WIRE)--Oct. 25, 1999--

Acquisition Continues Company's Plan to Expand and Expedite 

Supply Chains for Mid-market Manufacturers

Pivotpoint, Inc., a leading provider of Extended Enterprise Applications (EEA) to mid-sized manufacturing organizations, announced today that it has acquired Sofwave of Hickory, North Carolina. The acquisition is part of Pivotpoint's continuing commitment to extend its current ERP offering to an EEA-level platform, allowing mid-sized manufacturers to take advantage of new Internet-based business models.

Pivotpoint and Sofwave have enjoyed a successful business partnership for four years, providing an integrated solution to several joint customers. "The fact that Maincor is now part of an Extended Enterprise Application ensures us that our systems will continue to provide the competitive edge we need in our markets," said Dave Laurenson, manager of information systems, A Finkl & Sons Co.

Sofwave, a maintenance and calibration management software package, adds a complementary offering to the Pivotpoint product family. The companies will combine their development, sales, products, and manufacturing expertise to offer customers a complete EEA and enterprise asset management solution. The integrated solution will assist manufacturing-centric enterprises in proactively managing their resources with high level asset utilization and graphical order status checks for faster responses to their customers.

"Integrating Sofwave's Maincor and Pulse products with Pivotpoint's Point.Man EEA and Thru-Put Manufacturing APS solution will provide our customers with a complete solution, allowing them to better manage their resources," said Steve Haley, chief executive officer, Pivotpoint. "Sofwave's expertise and product depth strengthens our total offering for mid-market manufacturers -- allowing our customers to react more quickly to competitive market requirements."

"We are excited about joining a total solution provider as innovative and customer oriented as Pivotpoint. Maincor has been a successful best of breed solution in the Enterprise Asset Management (EAM) market since 1993 and will now join Thru-Put in becoming an integral component of the Point.Man Extended Enterprise Application," said Pete Stamm, chief executive officer, Sofwave. "Our customers will benefit from the combined talent and resources this growing company has to offer."

Sofwave will continue to operate as a separate business unit with its headquarters remaining in Hickory, North Carolina, adding additional channel partners as well as increasing its direct sales and support operations. Pivotpoint's fourth acquisition, Sofwave joins Thru-Put, Minxware and GrowthPower as part of the Pivotpoint family.

The acquisition is subject to shareholder, legal and regulatory approval. Financial terms were not disclosed.

About Pivotpoint Inc.

Since 1987, Pivotpoint has provided advanced business information systems to mid-size manufacturing and distribution companies through a global network of partners, distributors and direct sales channels. Pivotpoint's strategic product, Point.Man, is a powerful Extended Enterprise Application (EEA) package that simplifies manufacturing, customer and financial data management across multiple manufacturing plants and business lines -- even across countries. Point.Man provides the speed, Internet accessibility, and core integration companies need to compete, plus broad functionality they can tap easily as their businesses change and expand. Pivotpoint has a proven commitment to solving complex business problems quickly, cost-effectively, and simply. Pivotpoint is the parent company of Thru-Put Technologies, Sofwave, GrowthPower, and Minxware. More information on the company and its products is available at www.pivotpoint.com.

About Sofwave

Located in Hickory, North Carolina, Sofwave, Inc. was incorporated in 1993 for the purpose of designing, producing, marketing and selling a unique proprietary software package to a rapidly growing segment of the maintenance, calibration and facility management software market. Sofwave is committed to not only meeting, but also exceeding customer's expectations requiring a complete understanding of those expectations and what they may become. The company's strengths lie in their focus on complete customer satisfaction in solution design, training, consulting and support. Sofwave is positioned to provide affordable maintenance and calibration management software based on Client/Server technology, which can be integrated with customers' existing business systems.