Persistence Software Makes the Deloitte and Touche 'Fast 500' List

Business Wire, Nov 16, 1999

SAN MATEO, Calif.--(BUSINESS WIRE)--Nov. 16, 1999--

Persistence Software, Inc. (NASDAQ: PRSW), The Engine for E-Commerce(TM), today announced that it has been named in the Deloitte & Touche "Fast 500" Program.

The "Fast 500" ranks the fastest growing technology companies in the U.S. based on five-year percentage growth between 1994 and 1998. Persistence Software realized a 683% growth in that time period.

"As a leader in e-commerce, we're extremely pleased to be recognized by the industry as a contributing factor to the technology sector's continued health and expansion," said Chris Keene, chief executive officer, Persistence Software.

"In an era where technology companies come and go like shooting starts, making the Deloitte & Touche Technology Fast 500 is a testament to a company's leadership and its ability not only to have the right solution for that moment in time, but also the vision that allows growth over five years," said Mark Evans, Managing Director, Deloitte & Touche High Technology Group. "Persistence Software has proven that they have the right stuff to succeed, and we salute their accomplishments."

To qualify for the Fast 500, companies must have had revenues of at least $50,000 in 1994; must be headquartered in the United States; and be "technology companies" defined as a company that produces technology, manufactures a technology product, are technology intensive, uses technology in problem solving, or devotes a high percentage of effort to research and development of technology.

About Deloitte & Touche

Deloitte & Touche, one of the nation's leading professional services firms, provides assurance and advisory, tax, and management consulting services through over 28,000 people in more than 100 U.S. cities. Deloitte & Touche is part of Deloitte Touche Tohmatsu, a global leader in professional services with more than 82,000 people in over 130 countries.

About Persistence Software

Persistence Software, The Engine for E-Commerce(TM), empowers customers with a complete e-commerce infrastructure, providing solutions for companies in the early stages of developing an architecture to those building large-scale enterprise systems. Persistence's patented caching technology harnesses the power of the Internet and enables customers to create a highly personalized e-commerce experience. The PowerTier product family delivers concrete business advantages through rapid development, scalability, reliability, and business integration. Combined with the company's consulting, education, and support services, Persistence is providing the technology for customers such as Cisco, FedEx, and Instinet to build some of the world's most innovative and reliable e-commerce architectures. Persistence Software (Nasdaq: PRSW) was founded in 1991, and is headquartered in San Mateo, California. For more information, visit Persistence at www.persistence.com.

(c) 1999 Persistence Software, Inc. Persistence is a registered trademark and PowerTier is a trademark of Persistence Software Inc. in the United States and other countries. Persistence currently holds U.S. Patents Nos. 5,499,371; 5,615,362; and 5,706,506. All other product, trademark, company, or service names mentioned herein are the property of their respective owners.

Except for the historical information contained herein, the matters discussed in this news release are forward-looking statements involving risks and uncertainties, which could cause actual results to differ materially from those in such forward-looking statements. Potential risks and uncertainties include, but are not limited to, Persistence Software's limited operating history, potential fluctuations in our operating results, uncertainties related to our long sales cycle, our reliance on a relatively small number of customers, our dependence on the Java programming language and the Enterprise JavaBeans standard becoming widely accepted standards, our need to deliver products that meet rapidly changing technology standards, our need to build a strong direct sales team and develop third-party sales channels, our dependence on the deployment of enterprise-wide system deployments, and our need to address competition from companies with substantially greater resources. Further information regarding these and other risks is included in our prospectus dated June 24, 1999 and in our other filings with the Securities and Exchange Commission.