Tom Bogan Joins ClearForest Board of Directors; Senior Executive Brings Extensive Software and Technology Expertise to ClearForest

Business Wire, Nov 9, 2004

BOSTON -- ClearForest, a provider of text-driven business intelligence solutions, today announced that Thomas F. Bogan has joined the company's board of directors. Mr. Bogan, a venture partner at Greylock, will provide strategic counsel as the company expands its offerings to a growing list of brand-name clients.

"Tom brings a wealth of experience acquired through his years within the software industry," said Barak Pridor, Chief Executive Officer of ClearForest. "His track record of driving growth will be a key asset as ClearForest addresses the market's need to make better business decisions by turning large volumes of contextually-based information into proactive business intelligence."

Mr. Bogan has been a venture partner with Greylock since 2004. Before Greylock, he held a variety of roles with Rational Software from 1996 to 2003 including serving as its president and chief operation officer from 2000 to 2003. During his tenure with Rational, Bogan helped grow the organization from $100 million to a $650 million member of the S&P 500. In 2003 he oversaw Rational's sale to IBM for $2.1 billion. Prior to that, Mr. Bogan was president and CEO of two early stage technology companies that focused on networking and peripheral products - Pacific Data Products (1993 to 1996) and Avatar Technologies (1987 to 1993). Mr. Bogan has also held senior finance positions with Oranje Nassau Companies, SCA Services and Ernst & Young.

Mr. Bogan also serves as a Director of Citrix Systems, Ounce Labs and mValent and is a trustee of Stonehill College. He was previously a director of several public and private companies including eRoom Technologies and Meca Software.

"This is an exciting time to be joining the ClearForest team. The company has brought a new dimension to the scope of business intelligence by providing customers with new ways to gain access to critical business information," said Mr. Bogan. "I look forward to engaging with the management team and contributing to the company's growth."

About ClearForest

ClearForest Corporation is a provider of text-driven business intelligence solutions, supplying the analytical bridge between two previously disconnected worlds of information--unstructured text and enterprise data. In allowing both to be analyzed simultaneously, ClearForest makes unified business intelligence a reality. Our award-winning solutions enable customers such as Dow Chemical, Eastman Chemical, Reuters, Elsevier Science and International Finance Corporation to turn large volumes of contextually-based information into proactive business intelligence.

Corporate headquarters are in Boston, MA with offices in New York, NY, and Or Yehudah, Israel. For more information, please visit www.clearforest.com.