Interwise Named as Finalist for the 2007 MITX Technology Awards

Business Wire, May 17, 2007

Fourth Annual MITX What's Next Forum & Technology Awards Recognize Outstanding Technology Advancements in New England Region

CAMBRIDGE, Mass. -- Interwise[R], the global leader in unlimited voice, web and video conferencing for the enterprise, today announced that it has been named as a finalist for the 4th Annual MITX Technology Awards. The MITX What's Next Forum & Technology Awards recognize innovative technologies developed in the New England area, as well as the individuals and organizations responsible for driving these advancements. The Massachusetts Innovation & Technology Exchange (MITX) is the region's premier association for thought leadership, technology trends, business networking and professional training and development.

Interwise is transforming voice, web and video conferencing into a standard desktop application that can be deployed enterprise-wide to all employees. Interwise Connect, its flagship conferencing application, allows every employee to conduct unlimited stand-alone audio conferences, Web meetings, virtual classes, Webcasts, broadcasts and on-demand recordings. Deployed on-premise, as a fully-hosted service, or as a unique hybrid of the two, Interwise Connect improves the frequency, speed and quality of both internal and external business activities.

"The regional economy is showing real strength, and it's in no small part due to the resurgence in the technology sector and the innovation that fuels so much of the growth," said Kiki Mills, executive director of MITX. "The MITX Technology Awards are a wonderful opportunity to recognize the companies that are leading the way and to celebrate their accomplishments and that of the entire technology community."

"We are pleased to be recognized once again for our innovation in live, IP-based communications," said Frank Zvi, president and CEO of Interwise. "Virtual real time collaboration leverages the benefits of both VoIP and traditional TDM conferencing. It helps companies improve their business processes, quality and productivity. Using Interwise Connect, our customers are improving their business performance--both top and bottom line."

Interwise will be recognized with the other finalists in the category of Communications and Collaboration at an awards ceremony attended by the region's top technology and business professionals. Winners will be announced at the ceremony at the Four Seasons Hotel in Boston on Tuesday, June 5, 2007. This year's keynote speaker and special honoree is Tim Berners-Lee, Director of the World Wide Web Consortium.

The ceremony is preceded by the What's Next Forum. The topic, What's Next for The Device Web - Emerging User Experiences, will be a forward-looking discussion about the exciting new world is coming the consumer's way that will provide them with a range of new, very rich experiences. The MITX What's Next Forum & Technology Awards are sponsored by Backbone Media, Lewis PR, Microsoft, Oracle, and Technology Review.

Interwise Connect integrates with enterprise IT and PBX systems, email/calendaring, IM and softphone applications. It allows customers to achieve the cost benefits of VoIP conferencing securely, without having to engage in PBX and phone overhauls. It is the leading choice of Global 2,000 companies, with more worldwide deployments of 5,000-plus seats than any other enterprise conferencing solution on the market.

About MITX

Established in 1996, MITX--the Massachusetts Innovation & Technology Exchange (MITX: "my-techs") is the industry and professional organization where technology, marketing and digital media intersect. Reaching more than 6,000 professionals in New England, MITX is a dynamic and growing community for thought leadership, building business relationships and professional training and development. MITX is headquartered in Cambridge. For more information please go to www.mitx.org.

About Interwise

Interwise is the leader in delivering unlimited voice, Web, and video conferencing for the enterprise. Interwise' fixed price / unlimited usage business model and enterprise-class technology combine to make it easy for companies to deliver conferencing and collaboration as a core business application, replacing multiple products with a single, integrated solution that can reduce overall conferencing expenses by 50 per cent or more. For more information, visit www.interwise.com.

Trademarks

Interwise Connect, Interwise Expressway and the Interwise logo are trademarks and Interwise is a registered trademark of Interwise, Inc. All other trademarks are the property of their respective holders.