Versata's Lead Architect Re-Elected to BPMI.org Board of Directors; Matthew Pryor Continues to Aid in Driving Open Standards for Business Processes.

Business Editors

OAKLAND, Calif.--(BUSINESS WIRE)--Feb. 27, 2003

Versata, Inc. (Nasdaq:VATA), a provider of software and services that automate the business logic and processes that power enterprise applications, today announced that Matthew Pryor, senior product architect for Versata has been re-elected to the Board of Directors of the Business Process Management Initiative (BPMI.org). Pryor was initially elected to the BPMI Board in 2001, and brings over 13 years of software development, architecture and company executive experience to the BPMI Board.

BPMI.org, founded in August 2000, seeks to promote and develop the use of electronic business process management by establishing universal standards for process design, deployment, execution, maintenance and optimization. The organization develops open specifications that allow companies to share critical business documents and information electronically, both within the enterprise as well as with business partners via the Internet. The election process was completed at the organization's Annual General Meeting in Costa Mesa, California. Board members will provide both business and technical leadership as the organization continues its work providing open, royalty-free standards for the management of business processes.

"The BPMI has achieved a lot in the past 2 years. The release of BPMI is a landmark in open standards development for business process management," said Pryor. "As the new BPMN specification matures toward publication, I look forward to working with the rest of the board and the membership to further promote BPM and continue our important work in royalty free standards development."

Since its inception, BPMI.org has developed the Business Process Modeling Language (BPML), a meta-language for the modeling of business processes, just as XML is a meta-language for the modeling of business data. BPML provides an abstracted execution model for collaborative and transactional business processes based on the concept of a transactional finite-state machine. The first draft of BPML was made available to the public on March 8, 2001.

In addition, BPMI.org has developed the Business Process Modeling Notation (BPMN) specification, providing a graphical notation for expressing business processes in a Business Process Diagram (BPD). The BPMN specification also provides a binding between the notation's graphical elements and the constructs of block-structured process execution languages, including BPML and BPEL4WS. The first draft of BPMN was made available to the public on November 13, 2002.

BPMI.org is currently working on the first draft of the Business Process Query Language (BPQL), a management interface to a business process management infrastructure that includes a process execution facility (Process Server) and a process deployment facility (Process Repository). The first draft for BPQL will be made available to the public upon member approval.

About BPMI.org

BPMI.org (the Business Process Management Initiative) is a non-profit corporation that empowers companies of all sizes, across all industries, to develop and operate business processes that span multiple applications and business partners, behind the firewall and over the Internet. The Initiative's mission is to promote and develop the use of Business Process Management (BPM) through the establishment of standards for process design, deployment, execution, maintenance, and optimization. BPMI.org develops open specifications, assists IT vendors in marketing their implementations, and supports businesses in their use of business process management technologies. BPMI.org was initiated by Intalio, Inc. and created in August 2000 by a group of sixteen enterprise software vendors and consulting firms. Membership is open to all companies, non-profit organizations, and individuals.

About Versata

For IT shops who are struggling to reduce costs and whose developers are challenged with Java coding demands, Versata provides an application server extension that uses declarative business logic as a more productive way to do transaction processing and business process management. Much like a relational database manages business data, Versata manages business logic in the Versata Logic Server -- at a higher level of abstraction, utilizing a server for execution and management. Unlike traditional hand-coding approaches, Versata enables developers to maximize their time by allowing them to focus on rules and processes of an application, rather than clerical details. Versata's declarative business logic approach enables IT to create and change applications faster, lower development and maintenance costs, and reduce application backlogs. Versata-built applications are constructed from an organization's core business rules and run in J2EE application servers like IBM WebSphere and BEA WebLogic.

Versata Global 2000 customers include American Management Systems, British Telecommunications, Federal Home Loan Bank, France Telecom, and JPMorganChase & Co. For more information, please visit www.versata.com or call 800/984-7638.

This Press Release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and are subject to uncertainty and changes in circumstances. Actual results may vary materially from the expectations contained in the forward-looking statements. Forward-looking statements in this release include without limitation, statements regarding Matthew Pryor's future activities with the BPMI.org and contributions to BPMI standard and specifications. These statements are not guarantees of future performance and actual results could differ materially from company's current expectations. Factors that could cause or contribute to such differences include, but are not limited to: Mr. Pryor may not continue his participation with the BPMI organization and/or standards for business process, unanticipated difficulties with the future of BPMI.org and elimination of or lack of market interest in business process technology, and other risks detailed in our Company's Annual Report and periodic reports filed with the Securities and Exchange Commission. Versata does not assume any obligation to update such statements or the reasons why actual results could differ materially from those projected in such statements.