StreamServe Appoints New Vice Presidents for Business Development and Product Marketing

StreamServe Appoints New Vice Presidents for Business Development and Product Marketing Stockholm, Sweden and Raleigh, North Carolina - May 8, 2000 - StreamServe Inc., a rapidly growing provider of eCommerce infrastructure software that facilitates flexible business communications, today announced the appointment of Scott Latham as Vice President for Business Development, and Jim Bolger as Vice President for Product Marketing. Scott Latham joins StreamServe as Vice President for Business Development and will have responsibility for strategic partnerships, particulary in the fast growing B2B environment. Latham brings ten years of high tech management experience to the company. Before joining StreamServe, Latham was a senior analyst for AMR Research. In that capacity, he was responsible for research and analysis on industry trends and developments within the e-commerce market. He leveraged his research to assist clients with alliance opportunities, strategic business initiatives, and product development efforts. Previous to joining AMR, Latham held product marketing and channel management positions with Resolution Mapping, Inc., a software startup, and Leading Edge Products, a subsidiary of Daewoo. Latham currently holds a Bachelor of Business Administration (with a concentration in marketing) from the University of Massachusetts, Amherst, and an M.B.A. from the University of Massachusetts, Lowell. He has also completed postgraduate work on application development at Worcester Polytechnic Institute and Boston University. Jim Bolger has been appointed Vice President for Product Marketing at StreamServe Inc. He will have responsibility for product positioning, packaging and pricing. Bolger has more than 20 years of industry experience in the ERP, supply chain and internet software and hardware businesses. He has a broad management and marketing background, focused on alliance management, solution development and product operations. Prior to joining StreamServe, Bolger was a Business Development Manager with the Internet Applications business unit at Ericsson. In that role, he was responsible for identifying applications and technologies that could be integrated with Ericssons products and offered as solutions to ISPs and portal operators, i.e. wireless internet solutions. Prior to that, he was an alliance manager with Industri-Matematik with responsibility for ebusiness initiatives with partners. Before his position at IMI, Bolger held positions with SSA in alliance management and product management, and with Digital Equipment Corporation where he held positions in marketing with responsibility for growing Digital's presence as an ERP platform provider. Jim Bolger has an M.B.A from Boston College and with a concentration in Quantitative Analysis and a B.A from Fairfield University. - We are very excited to have two strong players like Scott and Jim joining the StreamServe team. They bring a substantial level of product and market knowledge from the e-commerce and mobile Internet industries and will further strengthen our international management team, said Jakob Svardstrom, COO, StreamServe Inc. About StreamServe StreamServe is a provider of provider of eCommerce infrastructure software that facilitates flexible business communications. The product suite is designed to manage and automate the flow of critical business information. The software enables StreamServe's customers to communicate with their customers, suppliers and partners in a wide range of formats, across many types of channels, and in a customized manner. The product suite enables seamless integration with most major business applications and e-business platforms. StreamServe's software allows companies to leverage business applications, add functionality and flexibility, and enables communication for participation in e-business. StreamServe also provides reliable, integrated and automated software solutions to enable a robust exchange of information in e-commerce companies and Internet portals. StreamServe began operations in Sweden in 1995. During 1998 and 1999, StreamServe expanded its activities to Finland, France, Germany, The Netherlands, Norway, UK, and the United States. Strategic alliances with business application vendors, system integrators and other e-business providers, enhance StreamServe's market penetration. StreamServe's more than 1,500 customers worldwide include businesses operating in a wide range of industries, as well as operators of Internet portals designed for business-to-business (B2B) and business-to-consumer (B2C) commerce. StreamServe had revenues of $14.7 million in the year ended December 31, 1999. Contact: Jakob Svardstrom, COO Phone: +46 8 686 85 33; +46 70 686 85 33 jakob.svardstrom@streamserve.com www.streamserve.com ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/05/08/20000508BIT00760/bit0001.doc http://www.bit.se/bitonline/2000/05/08/20000508BIT00760/bit0002.pdf