June 13, 2000

New Enterprise Associates together with America Online and General Atlantic Partners invest $20.5 Million in Fast Growing Applications-On-Demand Developer

Reston, VA - June 13, 2000 - Exent Technologies, a leading developer of Applications-on-Demand (AoD) software for telecom and broadband service providers, today announced a $20.5 million investment in the company by leading Venture Capital firms led by New Enterprise Associates (NEA) and participated by General Atlantic Partners (GAP), Temasek Holdings of Singapore and others. Additional strategic investors include America Online, Inc., Singapore Telecommunications (SingTel) and others. Among Exent's existing shareholders are Concord Venture Capital and Geyser Business Enterprise Ltd.

The backing of this consortium will allow Exent to intensify its activity in the U.S. markets, and expands globally with high-value partnerships with category-leading ISPs, ASPs and Web Content providers that benefit from this innovative technology that is adding a new way software can be delivered.

"We have a proven technology. Our EXEtender™ platform has been widely accepted by service providers in the U.S., Europe and the rest of the world," said Zvi Levgoren, CEO and Founder of Exent Technologies. "We believe this investment by industry leaders including America Online and Singtel, and the best Venture Capital firms in the US, is a seal of quality recognizing the strength of Exent's technology and its effectiveness."

Exent Technologies is a global leader developing Applications-on-Demand technology for use in advanced telecom, broadband and enterprise services that delivers computer software programs over IP networks. Its flagship product, the EXEtender delivers any executable (.exe) software securely over the Web or an enterprise network for licensed users.

"NEA has invested in over 300 companies and over 125 of those have gone public. We think Exent has the potential to be one of our best companies. EXENT is our first investment is Israel. We felt the opportunity was so compelling that it would overcome potential complexity," said Arthur J. Marks, General Partner, NEA. "Exent's unique technology puts it at the forefront of the huge emerging market of application service providers. The company's dedicated development team and vision of the future marketplace makes it an ideal investment for NEA. We are ecstatic about the market potential of Exent and of the opportunity to work with the company."

NEA is one of the largest venture funds in the U.S. that has had more IPO's and made more investments than any other venture funds operating in the U.S. for the last 5 years. NEA is known for working closely with early stage technology companies. More than 30 NEA investments are now worth more than $1 Billion, examples include: UUNET Technologies, Ascend Communications, Juniper Networks, 3Com Corporation, Clarify, TIVO, Vitesse Semiconductor, Xros (purchased by Nortel for $3.5 B) and many others.

"We recognize the potential opportunities as Exent continues to focus on expanding the range of ASP-delivered applications," said Ron Peele, Vice President, AOL Investments. "We believe Exent's software, with its real-time infrastructure solutions, will benefit users in this growing ASP services market."

Exent will use the proceeds from these investments to fund the development of its growing Applications-on-Demand business, which will help ISPs, ASPs and Web Content providers gain dynamic distribution, eSourcing, eCommerce, eLearning, eGaming and more. In addition Exent will continue the development of its software business and expand its worldwide sales and marketing efforts.

About NEA
New Enterprise Associates (NEA) is one of the industry's premier venture capital firms. For 21 years, NEA has practiced classic venture capital by investing in early-stage companies and working with management to nurture and build companies of real and lasting value. NEA is now the leading start-up venture investor in the country. NEA shares characteristics with other venture firms but differs in many ways: its size and scope, the number of successful companies it has financed, its geographic reach, the experience and expertise of its partners and its commitment to its entrepreneurs and their companies. Since its inception in 1978, more than 100 NEA companies have gone public with over 60 since 1991.

About America Online, Inc.
Founded in 1985, America Online, Inc., based in Dulles, Virginia, is the world's leader in interactive services, web brands, Internet technologies and eCommerce services. America Online, Inc. operates: two worldwide Internet services, America Online, with more than 21 million members, and CompuServe, with more than 2.5 million members; several leading Internet brands including ICQ, AOL Instant Messenger, Digital City Inc.; the Netscape Netcenter and AOL.COM portals; Netscape Navigator and Communicator browsers; AOL MovieFone; Spinner.com, and Nullsoft Winamp. Through its strategic alliance with Sun Microsystems, the company develops and offers easy-to-deploy, end-to-end eCommerce and enterprise solutions for companies operating in the Net Economy.

About General Atlantic Partners
General Atlantic Partners focuses exclusively on investing in global information-technology, Internet and Internet-enabled businesses at all stages of development. The firm has more than $6 billion in capital under management and $2 billion of capital available for investment. GA Partners has invested in over 80 companies, including E*Trade Group, Priceline.com, Proxicom, Belle Systems and LHS Group. The firm is unique in its global perspective on information technology, its worldwide presence, its long-term approach to investments, and its commitment to provide sustained strategic assistance aimed at creating maximum value for its portfolio companies. GA Partners (http://www.gapartners.com) has offices in Greenwich, New York, Reston, London, Singapore, Tokyo, Hong Kong and Säo Paulo.