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Apparent Networks Announces Resignation of CEO; Founder and Chairman Rajani Assumes Previous Role.

Business Editors/High-Tech Writers

VANCOUVER, British Columbia--(BUSINESS WIRE)--Jan. 20, 2004

Apparent Networks Inc., has announced that Irfhan Rajani, chairman and founder of Apparent Networks, has assumed his previous role as chief executive officer following the resignation of Glenn Wong.

Wong, who joined the company as CEO in December 2002, resigned for personal reasons, effective Jan. 15. Prior to joining Apparent Networks, Wong was president and general manager of Electronic Arts Canada.

"Glenn provided energetic, creative leadership for Apparent Networks and helped the organization move in new directions," said Rajani. "Glenn is looking forward to taking some time off and spending it with his family. We wish him the best in his future ventures."

Rajani founded Apparent Networks in 2000 as Jaalam Technologies. The company changed its name in August 2003 to better reflect the results achieved by AppareNet, its patent-pending and award-winning network intelligence software. The software is unique in its ability to provide visibility both within the corporate enterprise and into remote customer networks. In minutes, AppareNet can detect whether performance problems are caused by applications or the network, and provide immediate solutions through advanced diagnostics and actionable reports. Recent customers include TELUS, FedEx, Cingular Wireless, DHL Worldwide, Bank of New York, the U.S. Department of Defense and statewide health care and educational institutions.

"Apparent Networks has established a solid base in the enterprise market," said Rajani. "The next major focus for the company is the development of strategic partnerships with key Network Dependent Vendors (NDVs). NDVs are vendors whose products are largely reliant on their customer's network infrastructure. This includes enterprise resource planning companies such as SAP, storage companies such as Veritas, and Voice-Over-IP providers such as Cisco.

"NDVs need to able to analyze their customer's network and know quickly and with certainty whether it was their product causing the problem or the customer's own network. AppareNet has proven it can significantly reduce support costs and improve customer satisfaction in even the most complex networks and contentious situations."

Rajani, a serial technology entrepreneur, has co-founded three successful companies in the past 15 years. Before Apparent Networks, he co-founded TeleBackup Systems, which enabled computer backup over the Internet. TeleBackup was sold to Veritas Software in 1999. As CEO of Apparent, Rajani completed the largest initial financing round for a Canadian software company in 2002 ($7 million USD).

Rajani said several new products and strategic partnerships are planned for 2004 at Apparent Networks. "We are looking forward to the most successful year in our history," Rajani said.

About Apparent Networks:

Apparent Networks Inc., a privately held company, develops and markets network intelligence software that can analyze even the most complex global network infrastructures, identify the sources of problems within minutes and then perform continuous monitoring to ensure trouble-free performance. This complex and highly effective analysis can uniquely pinpoint network faults and provide clear, actionable data on any IP network, without requiring client-side agents, or ownership of the network. Its AppareNet software has helped companies, government agencies and educational institutions improve network performance and achieve rapid returns on their investments. Apparent Networks' customers include FedEx, DHL Systems, the United States Department of Defense, Bank of New York, Electronic Arts, Ceridian, TELUS and CNT. The company has offices in Seattle and Vancouver, Canada. For more information, visit www.apparentnetworks.com.
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Publication:Business Wire
Geographic Code:1CANA
Date:Jan 20, 2004
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