I-many and EMC Extend Relationship to Deliver Enterprise Content and Contract Management Solution; Integrated Solution Enables Customers to Automate the Entire Contract Management Lifecycle While Improving Profitability and Reducing Corporate Risk

Business Wire, June 14, 2005

EDISON, N.J. -- I-many, Inc. (NASDAQ:IMNY), a provider of advanced Enterprise Contract Management (ECM) solutions for managing corporate commitments, today announced an enhanced relationship with EMC Corporation. Under terms of the agreement, both companies will expand on joint marketing efforts and will continue to integrate the EMC Documentum Enterprise Content Management platform with I-many ContractSphere(R) Enterprise Contract Management solutions.

As a result of the relationship EMC Documentum customers will be able to leverage their existing Enterprise Content Management platform investments by adding I-many ContractSphere(R) Enterprise Contract Management solutions. At the same time, I-many customers have easy and direct access to EMC Documentum platforms to enhance their business infrastructures. The integrated solution enables customers to leverage their existing investments to:

--Automate the entire contract management lifecycle from create, store and manage to alerts and notifications on key business events and milestones

--Support all business functions across the company including sales, procurement, legal, IT, etc.

--Realize negotiated savings associated with procurement and sourcing activities by capturing purchasing contract terms and enforcing vendor compliance to those terms

--Improve profitability by capturing and managing revenue cycle gaps between contract commitments, pricing structures and transaction activity

--Reduce corporate risk by automating the contract lifecycle and enabling Sarbanes-Oxley compliance

"Our enhanced relationship with I-many builds on an already strong relationship that has been mutually beneficial for the last three years," said Barry Ruditsky, vice president of business development for EMC Software Group. "EMC's platform strategy provides ISV's content software and enablement services to build world-class solutions that benefit our mutual customers. I-many's enterprise contract management solution gives EMC Documentum customers significant contract management functionality and the capability to fully automate contract creation, monitoring, and compliance. "

I-many has also joined the EMC Application Logo Program, which helps independent software vendors (ISVs) design, develop and go-to-market with successful offerings based on the EMC Documentum platform. By joining this program, I-many is demonstrating their commitment to excellence in content management application design and is working toward Designed for Documentum accreditation for their product. Designed for Documentum products deliver superior customer value by appropriately leveraging the EMC Documentum platform.

"Leveraging EMC Documentum's platform at the core of our solution provides our customers with a contract management solution that is truly enterprise class," said Terry Nicholson, I-many's chief operating officer. "This will strengthen our market position and send a clear message to our growing customer base that their commitments to I-many are backed with the full confidence of our industry-leading partners. Our enhanced relationship with EMC will enable I-many to extend its reach into enterprise markets and by leveraging the enhanced content and collaboration services within the EMC Documentum platform will enable I-many to provide our customers with differentiated solutions that meet the needs of both the business and IT organizations."

About I-many

I-many (NASDAQ:IMNY) delivers the most advanced Enterprise Contract Management solutions for managing corporate commitments. Designed to extend beyond the traditional contract management capabilities, I-many ContractSphere(R) offers an end-to-end solution, from pre-contract processes and contract management to transaction compliance. Ultimately, this provides companies with the visibility and control needed to manage any type of commitments - from contracts and obligations to payments and collections. The result is increased revenue, minimized risk and dramatically reduced operating costs, which deliver improved profitability with hard return on investment. More than 280 customers across 21 industries worldwide have implemented and realized the value of I-many business solutions. For more information, please visit www.imany.com.

This news release contains forward-looking statements, and actual results may vary from those expressed or implied herein. Factors that could affect these results include: the risk of unforeseen technical or practical impediments to planned software development and other risk factors set forth from time to time in the Company's filings with the Securities and Exchange Commission.