Managed Objects Ranks in Top 20 Percent of Deloitte & Touche Technology Fast 500; High Demand for Business Service Management Spurs Company's Growth by Over 3,500 Percent

Business Wire, Oct 16, 2002

Business Editors & High-Tech Writers

MCLEAN, Va.--(BUSINESS WIRE)--Oct. 16, 2002

Business Service Management leader Managed Objects today announced that it ranked 120th in Deloitte & Touche's prestigious 2002 Technology Fast 500 program, which recognizes North America's fastest growing technology companies. The Technology Fast 500 ranking is based on percentage increase in operating revenues from 1997 to 2001. This award comes on the heels of Managed Objects' celebration of a record quarter.

Managed Objects' Formula(R) software is the Business Service Management platform for many leading organizations in the public and private sectors, including Reuters, Fidelity Investments, and DISA. It works by determining how the state of underlying technology impacts the health of top-line business. In recent months, Managed Objects further expanded its blue-chip client roster with huge wins in the government, telecommunications, insurance and manufacturing spaces.

According to Siki Giunta, Managed Objects' president and chief executive officer, "Top private and public sector organizations are making Business Service Management an imperative. They know that bringing IT and the business together is fundamental to their success. Formula gives organizations a foundation for this vision, while helping them quickly realize dramatic operational savings and service improvements. This unique blend of long-term strategy and near-term results has helped our customers gain a serious competitive advantage. It's also fueling the record growth that put Managed Objects in the top 20 percent of Deloitte & Touche's Technology Fast 500."

"Making the Deloitte & Touche Technology Fast 500 is a testament to a company's leadership, commitment to technology, and ability to deliver the right solution at the right time," said Mark A. Evans, managing director, Deloitte & Touche Technology, Media & Telecommunications Group. "With its 3,540 percent growth rate over five years, Managed Objects has proven that its leadership has the vision and determination to succeed, and we at Deloitte & Touche salute their accomplishments."

Winners of the 20 regional Fast 50 programs in the United States and Canada are automatically entered in the Deloitte & Touche Technology Fast 500 program. Managed Objects placed fourth last week on the 2002 Technology Fast 50 program for Virginia companies.

About Deloitte & Touche

Deloitte & Touche, one of the nation's leading professional services firms, provides assurance and advisory, tax, and management consulting services through nearly 30,000 people in more than 100 U.S. cities. The firm is dedicated to helping its clients and its people excel. Known as an employer of choice for innovative human resources programs, Deloitte & Touche has been recognized as one of the "100 Best Companies to Work for in America" by Fortune magazine for five consecutive years. Deloitte & Touche refers to Deloitte & Touche LLP and its related entities. Deloitte & Touche is the U.S. national practice of Deloitte Touche Tohmatsu. Deloitte Touche Tohmatsu is a Swiss Verein, and each of its national practices is a separate and independent legal entity. For more information, please visit Deloitte & Touche's Web site at www.deloitte.com.

About Managed Objects

Managed Objects is a Business Service Management company. Our software and methodology let companies understand how their underlying technology infrastructure impacts top-line business -- in real time or over time. As a result, they can provide better service to their customers. That is why AT&T, Bank of America, BellSouth, Computer Sciences Corporation, DISA, Fidelity Investments, Merrill Lynch, Reuters, Telenor, T-Systems and others use our software today. For more information, visit www.managedobjects.com.