Versata's Lead Architect Named to BPMI.org Board; Matthew Pryor to Aid in Developing Open Standards for Business Processes

Business Wire, August 9, 2001

Business Editors/High-Tech Writers

OAKLAND, Calif.--(BUSINESS WIRE)--Aug. 9, 2001

Versata Inc. (Nasdaq:VATA), a leading provider of software and services that automate the business logic and processes that power enterprise and e-business applications, today announced that Matthew Pryor, senior product architect for Versata has been named to the first board of directors of the Business Process Management Initiative (BPMI.org), an international non-profit organization.

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 newly appointed board will own the charter of the organization, define the group's goals, supervise the development of specifications, oversee finances and create white papers.

"Business Process Management is about extracting value from information technology to gain a competitive advantage," said Matthew Pryor, senior product architect, Versata, Inc. "The goal of BPMI.org is to develop practical and timely standards to ensure that organizations take advantage of process management as well as to understand and articulate its relevance to other important industry standards. As a board member I look forward to helping achieve these goals." Pryor brings over 12 years of software development, architecture and company executive experience to the BPMI board. He is Versata's primary liaison with industry standards bodies.

"Business processes are a key pieces of the overall business logic that organizations need to capture. We are very happy that Matthew will be taking a leadership role in driving the emerging standards. Versata is committed to promoting industry standards and actively participates in the evolution of standards such as UDDI, J2EE and UML," said Val Huber, Chief Technology Office for Versata.

BPMI.org currently is developing the Business Process Modeling Language (BPML), a technological language for the modeling of business processes, and the Business Process Query Language (BPQL), a management interface to a business process management infrastructure. BPMI is supported by several leading companies including HP, BEA and IBM.

Versata utilizes business rules to power enterprise and e-business applications. Versata automation products consist of the Versata Interaction Server, which defines and executes business process rules, and the Versata Logic Server, which defines and executes business logic rules. The Versata Interaction Server makes it easier and less expensive to embed process and workflow into enterprise applications. Whether deployed as a standalone process engine or embedded into existing applications, the Versata Interaction Server maximizes business execution by automating processes, facilitating on-the-fly process changes, exposing and involving external customers in workflow processes, and delivering the right work to the right place at the right time.

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 has been initiated by Intalio, Inc. and was 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

Versata business logic development and management software automates complex enterprise applications -- making J2EE software development easier and less expensive. Versata-built applications are constructed from an organization's core business rules and run in J2EE application servers like IBM WebSphere and BEA WebLogic. With Versata, organizations can simplify J2EE development, instantly change and update applications, maximize IT resources and augment existing skill sets, and enhance collaboration between IT and business professionals. Versata Global 2000 customers include British Telecommunications, Federal Home Loan Bank, France Telecom, Hilton Hotels, ITT Fluid Technologies, J.P. Morgan Chase & Co., and Mexicana Airlines. 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, taking a leadership role in emerging standards, promoting industry standards and actively participating in the evolution of standards such as UDDI, J2EE and UML. 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: any unforeseen difficulties relating to Versata's involvement in emerging industry standards, market acceptance of company's products or services, inability to continue to develop competitive new products and services on a timely basis, introduction of new products or services by major competitors, elimination of or lack of market interest in application server technology and the emerging standards; and other risks detailed in the Company's registration statement and periodic reports filed with the Securities and Exchange Commission. As a result, actual results may vary, perhaps materially, from those contained in the forward-looking statements. All forward looking statements included in this press release are based upon information available to the company as of the date hereof, and the company does not assume any obligation to update such statements or the reasons why actual results could differ materially from those projected in such statements.