Kadiri Adds Nationally Renowned Compensation Expert to Advisory Board

Business Wire, Feb 11, 2003

Business Editors

BURLINGAME, Calif.--(BUSINESS WIRE)--Feb. 11, 2003

Recognized Compensation Authority George Milkovich Strengthens Kadiri

as Enterprise Compensation Management Leader; Prominent Marketing

Executive Pamela Kline Smith Also Joins Advisory Board

Kadiri Inc., the leading provider of Enterprise Compensation Management (ECM) software, today announced that George Milkovich, one of the nation's most distinguished and respected experts on compensation has joined the company's Advisory Board. The addition of Milkovich further solidifies Kadiri's position as the industry's first and ongoing leader solving enterprise compensation issues. Additionally, the company announced that Pamela Kline Smith, corporate strategist and VP of Marketing for Arcot Systems, Inc. has joined its Advisory Board. Two recognized authorities on compensation and marketing, Milkovich and Smith will help Kadiri continue to define and expand its leading role in the growing Enterprise Compensation Management market.

"George is one of the original thought leaders who shaped the compensation industry as we know it today," said Dan Federman, CEO at Kadiri. "His dedication to helping Kadiri further define the direction of the company and our products is significant validation of Kadiri's industry leadership. Additionally, with over 20 years of experience in successfully positioning enterprise software companies, Pam's outstanding ability to shape new markets and companies will be invaluable for Kadiri. It's an honor to attract industry experts of their caliber, and we're confident that their vast experience and guidance will help take Kadiri to the next level."

A Catherwood Professor of Human Resources Studies at Cornell University, Milkovich will serve as a special advisor to Kadiri on total compensation management. Milkovich joins Edward E. Lawler III, professor of Management and Organization in the Marshall School of Business at the University of Southern California, as a fellow compensation advisor on Kadiri's Advisory Board. Together, the two compensation experts represent the most renowned and influential duo to sit on an advisory board across the compensation industry.

With over 35 years of experience understanding employment relationships and compensation, Milkovich's research has resulted in numerous publications, and his books Compensation and Cases in Compensation are the most widely adopted books about employee compensation in the world. He is also the recipient of several awards, including the Keystone Award from the WorldatWork Association and the Distinguished Career Contributions Award from the Academy of Management HR Division where he is a Fellow.

"Improving pay-for-performance practices is a key goal for companies today," said Milkovich. "Kadiri offers an innovative Enterprise Compensation System that empowers line managers to improve their compensation decisions, enabling companies to achieve sustainable competitive advantages. It is an honor to serve on Kadiri's Advisory Board--the company has strong leadership, talented professionals and provides unique solutions in the emerging Enterprise Compensation Management space."

Currently the vice president of Marketing for Arcot Systems, Inc, a leading provider of solutions for securing electronic identity, Pamela Kline Smith joins Milkovich on Kadiri's Advisory Board. Before joining Arcot, Smith served as partner and vice president of marketing with The McKenna Group, a global technology marketing consulting firm. At McKenna, she focused on helping emerging enterprise software companies successfully market their products and services, as well as positioning them in the rapidly changing marketplace. Smith holds a master's degree in Business Administration from Harvard Graduate School of Business Administration, a bachelor's degree from Harvard College, and a Certificate from the University of Paris - Sorbonne.

"It's very exciting to be joining such an innovative and visionary company," said Smith. "With a growing roster of blue-chip customers, it's clear that Kadiri's compensation solutions are delivering real business value. I look forward to working with Kadiri's management team to build upon the company's strong momentum."

The additions of Milkovich and Smith follow the recent announcement that Kadiri appointed Francois Delepine as vice president and CFO and Kevin Dobbs as vice president of marketing and business development.

About Kadiri

Kadiri Inc. is the leading provider of Enterprise Compensation Management (ECM) solutions. The company's Kadiri TotalComp(TM) product simplifies the complexities of total direct employee compensation - including salary, variable pay and stock - and enables strategic pay for performance by empowering line managers to make, equitable, policy based pay decisions and take ownership of the compensation process. This is accomplished by combining deep functionality with personalized, `just-in-time' situation specific guidance and knowledge management technologies. Highly functional and configurable, Kadiri TotalComp is revolutionizing the way large companies manage total compensation. Customers include Dow Jones (NYSE: DJ), Dupont (NYSE: DD), The GAP (NYSE: GPS), Kaiser Permanente, Longs Drugs, Motorola (NYSE: MOT), Qwest (NYSE: Q), Visa, Washington Mutual (NYSE: WM) and Wells Fargo (NYSE: WFS). Kadiri is a privately held company headquartered in Burlingame, Calif., and can be contacted at (877) 642-2299 or www.kadiri.com.