Wind River Selects Nextance for Enterprise Contract Management

Business Wire, Oct 31, 2002

Business Editors

REDWOOD CITY, Calif.--(BUSINESS WIRE)--Oct. 31, 2002

Nextance, Inc., a leading provider of enterprise software for enterprise contract management, today announced that Wind River Systems, Inc. has chosen Nextance for the management of their contracts and related commitments.

Wind River Systems, Inc., (Nasdaq:WIND), headquartered in Alameda, California is a leader in the embedded software market with over 1,500 employees working around the world. Wind River provides a suite of applications, tools, and development environments and had revenues of $351 million in the 2002 fiscal year.

"Our business model is focused on our key customers in the markets we serve. In addition to our considerable investment in our own R&D, we also license certain technologies from software providers to complete our product offerings. We then license our technology to customers worldwide. Managing our license agreements and technology-related contracts in this environment is paramount," said Marla Stark, General Counsel of Wind River.

Nextance will provide Wind River with an enterprise contract management system that enables visibility into the contracts, terms, and commitments across the enterprise and delivers significant capabilities in compliance monitoring and management.

"We are extremely pleased to be working with Wind River," said Kirk Krappe, President and CEO of Nextance. "Wind River has over 20 years of history in the software market, and they are a leader in their space. They and other leading companies who have chosen to implement our software require enterprise-grade solutions, and Nextance's unique XML architecture allows us to add rapid and significant value to these organizations."

About Nextance, Inc.

Nextance, Inc. is a leading enterprise software firm providing applications that assist corporations and public entities in better managing their contracts, commitments, and supporting business processes. Companies using Nextance software gain control over their contracts, rights, and obligations and realize increased revenues, reduced expenses, and reduced contractual risk. Nextance is privately held and is headquartered in Redwood City, Calif. Additional information about Nextance is available at http://www.nextance.com.

Nextance(TM) is a trademark of Nextance, Inc. All other company names mentioned herein may be the trademarks of their respective owners.