Vignette Appoints Espinosa Vice President of Sales for the Americas; Former IBM Executive is Another Software Veteran to Join Vignette Sales Team

Business Wire, May 7, 2001

Business Editors & Technology Writers

AUSTIN, Texas--(BUSINESS WIRE)--May 7, 2001

Vignette Corp. (Nasdaq:VIGN), the leading provider of customer-driven Internet applications, today announced the appointment of Peter Espinosa as vice president of sales for the Americas. A career sales executive with a long history of success at IBM Corp., Peritus Software Services Inc., Cambridge Technology Partners Inc. and NetSales Inc., Espinosa brings 20 years of experience in the high-technology industry to the Vignette sales force.

"Peter brings to our team a wealth of experience and a deep understanding of the technology industry," said Tom Hogan, president and chief operating officer of Vignette. "With his exceptional career at IBM, and successful stints at Peritus, Cambridge Technology Partners and NetSales, we know we're getting a savvy industry veteran who can increase sales in the Americas while ensuring customer satisfaction."

In his 17 years at IBM, Espinosa was rewarded repeatedly for his sales performance, including being named IBM's outstanding sales manager of the year in 1990, his recognition as the top U.S. sales performer in revenue and profit in 1994, and his leadership of the region with top revenue growth in consulting and professional services in 1995. Espinosa built and led a 200-person sales organization across a ten-state region in 1996 and grew revenue to more than $1.3 billion in two years. This sales team was recognized as the top performing sales unit in IBM in 1996.

Espinosa finished his tenure at IBM in 1998 as executive assistant to the chairman and CEO, accepting a position as vice president of worldwide sales and marketing at Peritus. He has also been vice president of North American sales at Cambridge Technology Partners, and most recently served as vice president and chief sales officer for NetSales, a leading provider of e-business solutions for supplier enablement.

"Vignette offers a great opportunity for me to use my 20 years of software sales and service experience to increase revenues in the Americas," Espinosa said. "I am impressed by Vignette's world-class technology, particularly what it can do for business and organizations to increase revenues and customer satisfaction."

Espinosa, 41, received his bachelor's degree from Luther College in Decorah, Iowa, in 1981. He is married to Kari Espinosa and has two children, Josh and Justin.

About Vignette

Vignette Corp. (Nasdaq:VIGN) is the leading provider of customer-driven Internet applications used by the most demanding and successful organizations in the world. Vignette's products allow businesses to create and extend relationships with prospects and customers, and to facilitate high-volume transaction exchanges with suppliers and partners, all of which enhances customer satisfaction. Vignette powers more than 1,250 leading e-businesses. Headquartered in Austin, Texas, Vignette has offices located throughout the Americas, Europe, Asia and in Australia, and can be found on the Web at http://www.vignette.com/.> FORWARD-LOOKING STATEMENTS

The statements contained in this press release that are not purely historical are forward-looking statements including statements regarding the Company's expectations, beliefs, hopes, intentions or strategies regarding the future. Forward-looking statements include statements regarding future sales, market growth, and competition. All forward-looking statements included in this press release about the hiring of Peter Espinosa are based upon information available to the Company as of the date hereof, and the Company assumes no obligation to update any such forward-looking statement. Actual results could differ materially from the Company's current expectations. Factors that could cause or contribute to such differences include, but are not limited to, Future Losses, Limited Operating History, Fluctuation of Quarterly Revenues and Operating Results, Competition, Dependence on a Small Number of Large Orders, Lengthy Sales Cycle and Product Implementation, Acquisition Integration, Market Awareness of Our Product, Rapid Changes in E-Relationships Technology and New Products, and other factors and risks discussed in the Company's 10K, as amended and filed with the Securities and Exchange Commission and any reports filed from time to time with the Securities and Exchange Commission.

Vignette is a registered trademark of Vignette Corp. in the United States and foreign countries. All other names are the trademarks of their respective companies.

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