diCarta Accelerates Growth Closing $26 Million Mezzanine Funding Round From Blue Chip Investors.

Business Editors

REDWOOD CITY, Calif.--(BUSINESS WIRE)--July 17, 2000

Contract Management Leader Poised to Dominate Fortune 1000

Market With New Solutions Enabling Online Contract

Collaboration Between Buyers and Sellers

diCarta(TM), Inc., the award-winning leader of Internet-based, business-to-business contract and revenue management solutions, announced today that it has received $26 million in mezzanine funding. This investment round is led by Capital Research and Management Company, one of the largest investment management firms in the world, overseeing more than $325 billion in assets. Capital Research is adviser to The American Funds Group and SMALLCAP World Fund. This financing brings the total equity investments in diCarta to over $35 million. This third round of funding also includes participation from new strategic investors Comdisco Ventures, Cooley Godward, Deloitte Consulting, Octane Capital Management, and Prang Enterprises. Prior investors Sequoia Capital, The Roda Group, and Skywood Ventures also join in this last round of venture capital financing.

With this mezzanine funding, diCarta will accelerate customer adoption 10 fold and more than double its corporate growth, while continuing to focus on its profitability goals. diCarta's expanded company vision enables its Fortune 1000 customers to address new worldwide markets, such as trading exchanges and Internet marketplaces -- all of which are expected to yield $1.4 trillion in revenue by 2004 (according to Forrester Research). diCarta Contracts(TM) simplifies the eTransaction process for Internet marketplaces and trading exchanges by providing an automated solution that allows buyers and sellers to negotiate and collaborate every step of the contract management process, significantly reducing the trading life cycle for eMarketplaces. diCarta's pioneering contract management solution has been widely adopted by some of the industry's leading companies including Ariba, Ask Jeeves, Evolve, Informatica, Intelysis, Interact Commerce, Jamcracker, Novadigm, RightWorks, SilverStream, and WebMethods.

"diCarta is redefining the way Fortune 1000 companies execute and manage contracts," said Don Valentine, founder, Sequoia Capital. "diCarta is pioneering a new generation of online business-to-business contract management solutions and is poised to be the leader in a substantial and important emerging market."

"diCarta will own the online contract management space through its leading-edge customer list, powerful industry alliances, and blue chip investors," said Scott Martin, president and CEO, diCarta, Inc. "With this final investment round we expect to make online contract management a requirement for any company using contracts to do business."

About diCarta, Inc.

diCarta offers the first business-to-business contract management solution that streamlines the entire contract lifecycle. diCarta Contracts, a web-based solution, enables companies to collaborate with customers on contract terms and conditions, and to increase visibility into revenue management, future obligations and renewals. This allows companies to accelerate contract processes while minimizing legal and financial risk. Using diCarta's Zero-Impact Activation(TM) methodology, customers realize system benefits rapidly with minimal organizational impact. diCarta is headquartered in Redwood City. diCarta venture capital investors include Sequoia Capital, responsible for funding successful companies such as Agile (Nasdaq:AGIL), Apple Computer (Nasdaq:APPL), Cisco Systems (Nasdaq:CSCO), Scient (Nasdaq:SCNT), and Yahoo (Nasdaq:YHOO); Capital Research and Management Company, advisor to the American Funds Group; The Roda Group, lead investors in Ask Jeeves (Nasdaq:ASKJ); and Skywood Ventures, as well as strategic investors Comdisco Ventures, Cooley Godward, Deloitte Consulting, Octane Capital Management, Prang Enterprises and other private investors. For more information about diCarta solutions visit http://www.dicarta.com, send email to [e-mail], or call 650/474-3800.

Note to Editors: diCarta, diCarta Contracts, Zero-Impact Activation and the diCarta logo are trademarks of diCarta, Inc. in the United States and other countries. All other company and product names mentioned are the trademarks or registered trademarks of their respective companies.