UPSIDE Magazine Names Incentive Systems Among 2002 Hot 100 Private Companies; Coveted Award Recognizes Technology Innovation, Leadership and Performance

Business Wire, May 23, 2002

Business/Technology Editors

BEDFORD, Mass.--(BUSINESS WIRE)--May 23, 2002

Incentive Systems, the award-winning leader of Enterprise Incentive Management (EIM) software and services, today announced that it has been selected to receive UPSIDE magazine's 2002 Hot 100 Award, UPSIDE's annual award recognizing excellence and innovation among the hottest technology industry startups.

UPSIDE will publish the Hot 100 Award winners in its June 2002 issue, which hits newsstands today, and will unveil the winners online at http:/www.UPSIDE.com.

The 2002 UPSIDE Hot 100 were selected by a team of UPSIDE editors, venture capitalists, financial analysts, market researchers and other industry luminaries who evaluated more than 400 nominations. The UPSIDE Hot 100 Award is judged on a company's technological achievements, customer acceptance of products or services, financial performance, industry partnerships, financial backing, management savvy and marketing.

"We evaluated hundreds of great companies that spanned a broad range of technology market segments, and we are pleased to recognize Incentive Systems as one of this year's winners," said Jerry Borrell, editor-in-chief of UPSIDE magazine. "Over the seven years of its existence, this award has consistently recognized companies that have become the hallmark of excellence in technology, achieving successful IPOs, or merging with other companies. We expect big things from this year's winners and look forward to following Incentive Systems' success."

"We are honored to be recognized by UPSIDE on this impressive list of technology leaders," said Mike Byers, president and CEO for Incentive Systems, Inc. "Our inclusion in this year's UPSIDE Hot 100 highlights our success in delivering EIM solutions that help customers leverage incentives to motivate their workforce and recognize increased performance, profitability and a strong return on their technology investment."

Incentive Systems' customers represent a variety of industries worldwide. A partial listing includes: Computer Associates (NYSE: CA), Network Associates (NASDAQ: NETA), Citrix Systems, Inc. (NASDAQ: CTXS), Portal (NASDAQ: PRSF), Corporate Express, a Buhrmann company (NYSE: BUH), Kinko's, General Electric (NYSE: GE), Siemens AG (NYSE: SI), Liberty Mutual Insurance Company, SunTrust Securities, Northwest Farm Credit Services, Kendall Healthcare, a division of Tyco International Ltd. (NYSE: TYC), Welch Allyn, Analog Devices (NYSE: ADI), Brasil Telecom, Focal Communications (NASDAQ: FCOM), Genuity (NASDAQ: GENU), and Unisphere Networks, Inc.

About Incentive Systems, Inc.

Incentive Systems is the award-winning leader in Enterprise Incentive Management (EIM) software and services, and continues to set the standard in developing the most comprehensive incentive compensation solutions. Designed and developed by domain experts to automate enterprise-wide incentive compensation management, INCENTIVE(R) software empowers companies to motivate and align employees, partners and channels with corporate goals, driving increased performance, revenue and profitability. To learn more or to inquire about the INCENTIVE product or strategic partnerships, please visit www.incentivesystems.com or call 1-866-MOTIVE-8. Incentive Systems is headquartered in Bedford, Mass.