PricewaterhouseCoopers And Vibrant Solutions Announce Strategic Alliance

Business Wire, March 20, 2002

Business Editors/Hi-Tech Writers

NEW YORK & FAIRFAX, Va.--(BUSINESS WIRE)--March 20, 2002

Alliance Offers Comprehensive Portfolio of Software and

Professional Services to Address Cost Containment and Revenue

Maximization

PricewaterhouseCoopers and Vibrant Solutions today announced a strategic alliance that offers telecom service providers a greater ability to contain operating costs and increase revenues.

Under the terms of the alliance, PricewaterhouseCoopers agrees to market Vibrant Solutions' complete suite of Cost and Revenue Management software, and Vibrant Solutions will market PricewaterhouseCoopers' Telecom Cost Minimizer (TCM) and Telecom Revenue Maximizer (TRM) business advisory services.

Under the terms of the agreement, PricewaterhouseCoopers will provide advisory and integration services around Vibrant Solutions' software products, including certified installations and upgrades.

Many of today's service providers often lose double-digit millions - amounting to a decrease of 5-20% from the bottom line -- as a result of disparate systems, organizations and data sources within their networking environment. Service providers are seeking solutions that address revenue leakage, billing errors, and poor network utilization.

PricewaterhouseCoopers' InfoComm Advisory Services (ICAS) Group consists of more than 250 telecom industry experienced professionals. The team performs diagnostic, process and systems reviews to identify, quantify and capture both revenue leakage and cost management savings.

The ICAS Group delivers revenue assurance and cost minimization solutions to telecommunications companies in every segment (ILEC, IXC, wireless, ISP, and CLEC).

"One of the greatest challenges facing C-level executives of telecom companies is the ability to manage operating costs and maximize revenues in a turbulent environment," said Randy Browning, partner, PricewaterhouseCoopers LLP. "By teaming with industry leaders such as Vibrant Solutions, we offer service providers a proven solution to address bottom-line profitability."

"The challenge for service and content providers today is greater than ever - they are faced with multiple technologies, multiple networks and pressure to increase their margins. Vibrant Solutions and PricewaterhouseCoopers address these problems head-on with their Cost and Revenue Management solutions," said Rich LaPerch, CEO, Vibrant Solutions.

Vibrant Solutions' Cost and Revenue Management products serve as a powerful bridge between network and finance, generating revenue improvements and cost reductions, which can be equal to or greater than those resulting from mergers or restructuring.

Vibrant Solutions' applications extract and analyze critical data from various systems - finance, network management, billing and OSS) - and identify errors within the workflow processes of the back-office systems.

About PricewaterhouseCoopers

PricewaterhouseCoopers (www.pwcglobal.com) is the world's largest professional services organization. Drawing on the knowledge and skills of more than 150,000 people in 150 countries, PricewaterhouseCoopers helps its clients solve complex business problems and measurably enhance their ability to build value, manage risk and improve performance in an Internet-enabled world.

For more information on the ICAS Group's Maximizer suite of solutions, please visit www.pwcglobal.com/maximizer.> PricewaterhouseCoopers refers to the member firms of the worldwide PricewaterhouseCoopers organization.

About Vibrant Solutions

Vibrant Solutions is the pioneer and worldwide leader in the Cost and Revenue Management Market. Vibrant Solutions offers the industry's most comprehensive portfolio of best-of-class software solutions and strategic support services to enable service and content providers to reduce network costs and increase profitability by leveraging network data.

With a history of proven results, Vibrant Solutions has generated over one billion dollars in savings for its tier-one service provider customers in the past four years. To date, the company has raised $26 million from leading investors, Bessemer Venture Partners and Columbia Capital.

Headquartered in Fairfax, VA with offices in Rochester, St. Louis, and Dallas, Vibrant Solutions has more than 140 employees with decades of experience in research, engineering, sales and marketing of carrier-class hardware and software solutions at leading companies. For more information on Vibrant Solutions, please visit www.vibrant-1.com.