NUVO Shareholders Approve Versata Transaction

Market Wire, February, 2008

NUVO Network Management Inc. (TSX VENTURE: NVO), a leading software and managed services provider for solutions that Maximize IT® availability and performance, is pleased to announce that NUVO shareholders have voted in favour of the proposed acquisition of NUVO by Versata Enterprises, Inc. pursuant to a plan of arrangement.

At the special meeting of shareholders held today, over 95% of the votes cast by shareholders were in favour of the arrangement.

Under the terms of the arrangement, NUVO shareholders will receive $0.57 in cash for each common share of NUVO. Finalization of the arrangement is subject to final court approval, which NUVO will seek on February 22, 2008, and satisfaction of standard closing conditions.

About NUVO

NUVO provides remote management and protection of IT infrastructures for businesses worldwide to maximize the availability of their computing infrastructure. NUVO enables our customers to excel by delivering fully integrated, proactive management software, services and business data. This provides the critical information needed for effective analysis and decision-making to maximize performance and control costs. NUVO achieves this through certified experts, best-of-class technology, deep integration, highly automated processes, and best practices in a 24x7, resilient infrastructure. www.nuvo.com .

About Versata Enterprises, Inc.

With a global presence covering 45 countries, Versata solves the most complex business problems for the world's largest organizations. Versata comprises a number of leading enterprise solution providers, including Versata, Inc., Artemis International Solutions Corporation, Gensym Corporation and Nextance, Inc. Versata distinguishes itself in the software industry by focusing on customer priorities as driven by value delivered. Versata's market-leading Customer Success Program ensures customer involvement in product decisions and business priorities and provides a twice-yearly opportunity for customers to score Versata's performance against commitments. Versata also offers customers the opportunity to leverage Versata's global efficiency by offering a menu of services to help customers lower the cost of technology services across the enterprise. Further information is available at http://www.versata.com .

Forward Looking Statements

This press release contains information that is forward looking information with respect to NUVO within the meaning of Section 138.4(9) of the Ontario Securities Act (forward looking statements) and other applicable securities laws. In some cases, forward-looking information can be identified by the use of terms such as "may", "will", "should", "expect", "plan", "anticipate", "believe", "intend", "estimate", "predict", "potential", "continue" or the negative of theses terms or other similar expressions concerning matters that are not historical facts. In particular, statements about the proposed acquisition of NUVO by Versata Enterprises, including the expected timetable for completing the transaction, the receipt of shareholder and regulatory approvals, benefits and synergies of the transaction, future opportunities for the combined company and products and any other statements regarding NUVO and Versata's future expectations, beliefs, goals or prospects are or involve forward-looking information.

Forward-looking information is based on certain factors and assumptions. While the company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect. Forward-looking information, by its nature necessarily involves risks and uncertainties, including the parties' ability to consummate the transaction, the conditions to the completion of the transaction, including the receipt of shareholder approval, court approval or the regulatory approvals required for the transaction may not be obtained on the terms expected or on the anticipated schedule. Additional risks and uncertainties affecting NUVO can be found in NUVO's Annual Report for the fiscal year ended September 30, 2007, in its most recent quarterly report filed on SEDAR at www.sedar.com , and in its management proxy circular dated January 16, 2008 in respect of the proposed transaction filed on SEDAR at www.sedar.com . If any of these risks or uncertainties were to materialize, or if the factors and assumptions underlying the forward-looking information were to prove incorrect, actual results could vary materially from those that are expressed or implied by the forward-looking information contained herein. NUVO assumes no obligation to update or revise any forward looking statements, whether as a result of new information, future events or otherwise. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date hereof.

The TSX Venture Exchange has neither approved nor disapproved the content of this press release. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.