Covigo Names Stuart Bagshaw Chief Executive Officer; Former ILOG Executive with Extensive International Marketing and Sales Experience Joins Covigo, a Leading Wireless Platform Provider

Business Wire, Nov 15, 2000

Business Editors/High-Tech Writers

BELMONT, Calif.--(BUSINESS WIRE)--Nov. 15, 2000

Covigo, Inc., a leading global business platform provider of next-generation transactional applications and services to any mobile device, announced today that Stuart Bagshaw has joined the company as Chief Executive Officer. Dev Khare, who served as acting CEO since co-founding the company in 1999, will become Vice President of Products.

"We're delighted that Stuart has joined us. He brings extensive and extremely valuable international management experience to our team," said Khare. "This is both timely and strategic for the company as we continue our aggressive plans to expand throughout Europe and Asia. Stuart's strong international background will be a great asset."

"I believe that Covigo is well positioned to become a leading player in the global wireless industry," said Stuart Bagshaw. "The company's technology leadership will enable it to take advantage of the exploding wireless market space. I'm very pleased to be joining the outstanding team at Covigo at this exciting time in the company's history."

Bagshaw was previously Chief Operating Officer at ILOG where he was responsible for worldwide operations, including sales, consulting and business development. Prior to ILOG, he served as Executive Vice President of Corporate Strategy and Vice President of Worldwide Sales at Gemplus, one of the world's largest manufacturers of Smart Cards.

Previously, Bagshaw served as Vice President of Worldwide Operations for Xerox's Software Division and was the General Manager and Managing Director of Sequent Computer Systems European Operations. He also served as General Manager and Managing Director of Sequent's Asia Pacific Operations based in Hong Kong. A native of the United Kingdom, he also served as Sales Director for Apple Computer's U.K. operations.

About Covigo

Covigo assembles, hosts and manages transactional and complete mobile applications and services for business. The company addresses the need for rapid deployment of wireless services, seamless access over multiple device types and language formats, and optimization of the mobile user experience. The Covigo solution is powered by a unique modular architecture that delivers high-impact functionality on demand and quickly incorporates best-in-class technology. This enables companies to activate their mobile channels faster, deliver value immediately and be immune to technology changes. Covigo's world headquarters are in Belmont, Calif., with European offices in London. Venture funded by Norwest Venture Partners and Nokia Venture Partners, the company can be reached at 650/632-4000. For more information, visit www.covigo.com.

Note to Editors: Covigo is a trademark of Covigo, Inc. All other trademarks contained herein are trademarks of their respective owners.