Tavant Names Subrata Mitra as General Manager of India Development Center; Linda M. Cadogan as CFO

Business Wire, June 19, 2002

Business Editors/High-Tech Writers

SANTA CLARA, Calif.--(BUSINESS WIRE)--June 19, 2002

Tavant Technologies, Inc., a provider of software products and solutions that enables businesses to manage, streamline and enhance multi-level distribution channels, today announced the addition of Mr. Subrata Mitra as general manager of its India development center and Ms. Linda M. Cadogan as chief financial officer.

Subrata Mitra comes to Tavant from Firewhite, Inc., where he served as founder and vice president of engineering. Firewhite was recently acquired by Minnesota based Ubiquio Corp. Previously, Subrata worked at IBM's prestigious T.J. Watson and Santa Teresa Labs; at the latter he served as an architect for IBM's OOAD tool, called Dynamic Designer. In that capacity, he represented IBM on OMG's Object-Oriented Analysis and Design taskforce that eventually standardized the Unified Modeling Language (UML). Separately, at Andersen Consulting's Software Engineering Labs, Subrata helped set standards for component-based software, through his proposals to NIST (National Institute of Software Technology). Subrata holds a Ph.D. in Computer Science from the University of Illinois, Urbana Champaign and is the author of 8 successful patent applications. Subrata holds a B.Tech. in Computer Science from the Indian Institute of Technology, Kanpur, India.

"I look forward to working with Subrata on expanding our India operations, including the diversification of our key products and services as well as accelerating development of our integrated core technologies," said Sarvesh Mahesh, president and CEO of Tavant.

Linda Cadogan joins Tavant as the company's chief financial officer with over 20 years of extensive public and private company experience in rapid growth and restructuring situations, in both entrepreneurial and large corporate environments. She previously served as financial and operations management consultant to the company. As Tavant's CFO, she is responsible for overseeing all aspects of financial operations and reports directly to the CEO.

"We're excited that Linda has joined Tavant as CFO to contribute to the management and growth of our operations in the United States and internationally," Mahesh said.

Tavant builds well designed, well engineered software that is a result of talented software engineers creating products that meet the needs of the market. Tavant's key products include Tavant MultiChannel(TM) -- an extensive suite of sell-side channel management applications, Tavant MLC(TM) -- a highly flexible multi-level collaboration platform, Tavant InterConnect(TM) -- an advanced business-to-business interaction platform for systems and business process integration, and Tavant MultiTenant(TM) -- a hosted and managed "software as a service" for turnkey solutions, and Tavant Loan Expert(TM), an application that solves complex loan configuration problems through its powerful core of constraint-based optimization techniques.

Together, Tavant Loan Expert(TM), MultiTenant(TM), InterConnect(TM), MLC(TM) and MultiChannel(TM) offer a complete package of solutions to leverage any corporation's existing business processes and systems to transform it into a Web services-enabled collaborative commerce enterprise. Tavant's solutions are being used to improve profitability and market share by leading global brand names that include Ingersoll-Rand and Bobcat. Tavant is headquartered in Santa Clara, Calif. For more information about Tavant, please visit www.tavant.com.

Tavant, Tavant Technologies, the Tavant logo, Tavant MultiChannel, Tavant MLC, Tavant InterConnect, Tavant Loan Expert and Tavant MultiTenant, are trademarks or registered trademarks of Tavant Technologies, Inc. in the United States and other countries. All other company names and product names may be trademarks or registered trademarks of their respective companies or owners.