TeamShare's TeamTrack for Software Development Management Selected by Intuit Inc.; Developer of Personal and Small Business Finance Software to Leverage Process Automation

Business Wire, August 22, 2002

Business Editors, Technology Writers

COLORADO SPRINGS, Colo.--(BUSINESS WIRE)--Aug. 22, 2002

TeamShare, Inc., the leader in enterprise software for collaborative product development, today announced that Intuit Inc. has selected TeamTrack for its software development issue tracking system. TeamTrack brings effective process management and collaboration to businesses by supplying integrated Web applications primarily for software development and product lifecycle management, enabling better products in less time through better processes.

"Going forward, TeamTrack will be a key tool used by the various product development groups within Intuit. It will be integrated into a suite of tools used to develop and deploy applications," said Dan Bright, engineering services manager at Intuit.

Intuit will use TeamTrack as its issue tracking solution, and will also leverage TeamShare's implementation and integration services to ensure an expedient and successful migration from Intuit's legacy system data onto TeamTrack. Intuit has also purchased training services that address the various facets of the new system for both end-users of the system as well as systems administration and ongoing maintenance and support. TeamTrack was selected over other solutions for its robust functionality, true Web architecture, ease of use, and reasonable pricing.

"Companies that see quality as the most important investment are discovering TeamTrack as a very robust and affordable tool that can be used in many cases for automating processes," said Jeff Rhodes, TeamShare CEO. "Our work with Intuit demonstrates TeamTrack's flexibility and capability within an entire enterprise. We are confident in its ability to help Intuit for issue tracking and enterprise-level management initiatives."

Intuit provides QuickBooks(R), Quicken(R) and TurboTax(R) to simplify small business management, personal finances and tax preparation and filing and ProSeries(R) and Lacerte(R) are software suites for professional accountants. Intuit pioneered Instant Data Entry, which permits taxpayers to download 1099 investment data and W-2 wage data directly from the source into their tax returns. One in four individual tax returns completed in the U.S. are prepared with an Intuit tax product.

Headquartered in Mountain View, California, Intuit employs over 6,000 people in 13 states and four countries. The company has annual revenue of more than $1 billion. Intuit is traded on the NASDAQ Stock Market under the symbol INTU.

About TeamShare, Inc.

Founded in 1996, TeamShare, Inc. delivers Web-architected collaborative software solutions. The company's product line, powered by the TeamTrack workflow engine, enhances process management, speeds resolution and encourages collaboration within and across enterprises. TeamTrack provides enterprise business process management and enables collaborative product development with business customers and partners. TeamTrack Workgroup is the robust defect and issue management solution for teams on a limited budget. TeamShare solutions are highly configurable, simple to implement and maintain a low-cost of ownership.

TeamShare's customers and partners include Dell(TM), Hewlett-Packard(R), KPMG, CitiGroup, 3-Com(R), Siemens, and ADP(R). TeamShare has been named to Computerworld's `Top 100 Emerging Companies' and the `SoftLetter 100' lists. For more information, contact TeamShare, Inc. by phone at 888-TEAMSHARE (832-6742), via e-mail at inquiries@teamshare.com or on the Web at www.teamshare.com.