SeeBeyond Awarded SWIFTReady Gold 2002 Label; SeeBeyond Demonstrates Leadership By Enabling Seamless Global Financial Transactions.

Business Editors/High-Tech Writers

REDWOOD SHORES, Calif.--(BUSINESS WIRE)--Aug. 1, 2002

SeeBeyond (Nasdaq:SBYN), the leading global provider of eBusiness and Application Integration (eAI) solutions, today announced that for the fourth consecutive year, its e*Gate(TM) Integrator platform has been awarded the SWIFTReady Gold EAI 2002 label by SWIFT. SeeBeyond's e*Gate Integrator met stringent SWIFT criteria, further solidifying its coveted leadership position. The 2002 certification confirms the SeeBeyond(TM) integration platform is able to manage all SWIFT message types, including the ISO 15022 securities message standard.

The push to automate and achieve STP is causing the proliferation of industry standards, such as SWIFT ISO 15022 making SeeBeyond's accreditation with SWIFT even more significant this year, as the deadline for financial institutions to migrate to the new ISO 15022 message standard is November, 2002. Uniquely positioned to assist organizations implement the new ISO 15022 messages, SeeBeyond will help integrate these new standards and retain the business-critical information contained within the ISO 15022 messages.

The ISO 15022 standard decreases operational risk and increases Straight Through Processing (STP) levels, improves automation and reduces operational costs. Today, securities firms are realizing that their ability to achieve STP rests on the ability to implement a full-scale integration solution to link business processes with back-office systems, on the ability to deploy enterprise-wide effective Web services and on the ability to achieve an integrated, end-to-end view for monitoring all trade processes.

In a recent press release, TowerGroup quoted estimates that U.S. financial services and securities companies will spend $6 billion on Straight Through Processing (STP) through 2005 as they strive to automate a myriad of manual, redundant and error-prone processes. The SeeBeyond integration platform provides a flexible and scalable IT infrastructure that can quickly integrate new packaged applications with existing custom applications for more rapid deployment of streamlined business processes. Implementing the SeeBeyond solution will help financial organizations reduce development time by supporting the efforts of the functional experts who perform the data mapping and transformation, resulting in easily deployed business processes.

"SWIFT has worked closely with SeeBeyond over the past few years and we are pleased to see the evolution of their middleware product," said Victor Abbeloos, Senior Manager, Head of Partner Solutions, SWIFT. "By implementing the new ISO 15022 messages, SeeBeyond is enabling customers to fully benefit from the added value and business functionality of the new messages."

"By supporting scores of clients, such as ABN AMRO, AXA Group, Banca IMI, BNP PARIBAS, Clearstream, Commerzbank, Credit Agricole, Hypovereinsbank, KBC, Nicholas Applegate Capital Management, Northern Trust, UBS, Visa, WestLB and Zurcher Kantonalbank with the ISO 15022 transition, SeeBeyond continues its momentum to provide the most scalable integration solution available for financial institutions," said Frank Fallon, vice president of Financial Services for SeeBeyond. "The SWIFTReady Gold EAI label recognizes SeeBeyond's ongoing effort to help our financial services customers establish an infrastructure for future integration programs, like STP. The same cost reductions that ISO compliance has within SWIFT transactions can be easily extended throughout the enterprise."

About SWIFT

SWIFT is the industry-owned cooperative supplying secure messaging services and interface software to 7,000 financial institutions in 197 countries. SWIFT carried over 1.5 billion messages in 2001. The average daily value of payment messages on SWIFT is estimated to be above USD 6 trillion. SWIFT provides messaging services to banks, broker/dealers and investment managers, as well as to market infrastructures in payments, treasury, securities and trade. These services help customers reduce costs, improve automation and manage risk. For more information about SWIFT please refer to our website: www.swift.com.

About SeeBeyond

As the leading global provider of eBusiness and Application Integration (eAI) solutions, SeeBeyond (Nasdaq:SBYN) provides a unified, comprehensive platform for business integration, enabling a Real-Time Information Network to facilitate the seamless flow of information. Delivering Visibility, Velocity and Value across global operations, the SeeBeyond(TM) Business Integration Suite helps organizations dramatically improve business operations resulting in reduced costs, increased market share and improved customer service. SeeBeyond has approximately 1700 customers worldwide, including ABB, ABN Amro, Barnes & Noble.com, Bausch & Lomb, BHP Billiton, DuPont, Florida Power & Light, Fluor Daniel, General Motors, Hewlett-Packard, Pfizer and Sprint. For more information, please visit www.seebeyond.com.

Note to Editors: SeeBeyond and e*Gate are trademarks of SeeBeyond Technology Corporation. All other brands or product names are trademarks of their respective owners.