LEADING SAP RESELLER IN KOREA SIGNS WITH APRISO
Value Network Will Bring New Supply Network Software Technology to Leading Manufacturing Country

(Long Beach, CA - September 4, 2003) — Value Network, a respected enterprise software consultant and the leading reseller of SAP in Korea, and Apriso Corporation today announced that Value Network has signed an agreement to sell and deploy Apriso’s suite of “bottom-out” enterprise software in Korea. Unlike traditional, top-down enterprise software such as ERP (enterprise resource planning) that forecasts supply and production requirements based upon planning cycles and batch processes, Apriso’s new software paradigm coordinates and directs all of the elements of supply, production and distribution through a global, real-time web of interconnections, based upon customer demand.

“Korea is one of the top manufacturing nations in the world, a position that it obtained through relentless efficiency and a great attention to quality and detail,” commented J. S. Park, CEO of Value Network. “What is clear, however, is that in the coming decade, in spite of a current manufacturing growth rate of nearly 30%, these qualities will have to be improved by another order of magnitude as the global market transitions to a real-time, customer-driven one. The enterprise of the future, particularly Korean enterprises, will have to adopt a global, adaptive, demand-driven business model to remain competitive. To do that, they need the proper software infrastructure, and for that, they need Apriso.”

Apriso has pioneered a new type of enterprise software that is uniquely focused on all of the elements of the supply network, including manufacturing and distribution. Unlike legacy enterprise software, which institutionalizes — in billions of lines of code — a plan-driven, top-down approach to business, Apriso’s software – marketed under the FlexNet brand — provides a real-time, demand-driven model that can be used to institutionalize strategic business initiatives such as “lean supply”, six-sigma quality programs, portable or re-usable processes, and demand pull. Apriso’s software interlinks all of the elements in the so-called “value chain”, including people, material, machines and processes, and provides for the transfer of real time data, signals, key performance indicators, or business intelligence from any location to any other location. It is the only software of its type in the world.

Value Network is particularly well positioned to introduce this new technology into manufacturing-rich Korea. The company made its reputation as a top consultant in supply chain management and planning, enterprise resource planning, and business process outsourcing. In addition to SAP, they also represent Oracle, Zin Corporation, Mostech, Mtronics, ACS, Shotech, Built 1.com, and BeoTech in Korea. They have customers across a wide range of industries, including, automotive, aerospace & defense, steel, paper, pharmaceutical, chemical and furniture, and whose names include Hyundai-KIA Motors, Amore-Pacific, Lotte, Kumho, and the SK Conglomerates business group.

Adam Bartkowski, Apriso’s president and CEO had the following comments: “Value Network recognized immediately the tremendous impact that our new software paradigm could have throughout Korean industry,” he said. “They were as relentless at pursuing us as we were in making them part of the team.” According to Bartkowski, Value Networks has a deep knowledge of Korean industry and strong ties with industry influencers and opinion leaders. Moreover, a key part of their business strategy is to aggressively target companies that are looking to open significant business relationships in mainland China. “This is very exciting,” commented Bartkowski. “They are an absolutely ideal partner, and will contribute to a strong Apriso presence in the region.”

Value Network will sell and deploy Apriso solutions from their headquarters in Seoul. Services related to Apriso will include supply chain strategy consulting, supply chain execution consulting, FlexNet implementation and maintenance, and FlexNet integration with ERP systems.

About Value Network
Value Network is a company that seeks to create value for its customers by pursuing Operational Excellence. It does this by integrating state-of-the-art on-line and off-line solutions with an unparalleled consulting service. It is skilled at working at the highest executive levels of its clients to fulfill their, and their organizations’ multiple agendas with solutions that range from supply chain execution to business process re-engineering to ERP implementation. Value Network’s team members have extensive industry experience including with Price Waterhouse Coopers and EDS.

About Apriso
Apriso is the pioneer of a significant, new class of enterprise software that for the first time enables corporations to define, operate, and monitor supply, production and distribution processes in real time, without limits. Using an event-driven, distributed services model, Apriso's software provides such fine-grained visibility and control of both execution processes and key performance indicators that it is an ideal platform for accomplishing the most pressing business initiatives of today: compliance, product genealogy, in-line production sequencing, real-time, RFID-based asset management, lean supply, successive refinement (kaizen), six-sigma quality levels, demand-driven supply (the "Dell" model), and the adaptive enterprise.

Apriso's software, known as FlexNet®, integrates quickly, easily and naturally into an enterprise's existing software infrastructure, and effectively extends the scope of systems such as enterprise resource planning (ERP) into the furthest reaches of the extended production and supply network, as required. But unlike these systems, that are based upon a top-down, plan-driven operations orientation, Apriso's event-driven, process-based architecture accommodates any operational model that is based upon real-time collaboration between execution processes, real-time visibility into performance, or the requirement to define, refine, or immediately control workflows throughout the enterprise, and across borders.

Apriso was founded in 1992, and now operates in 11 countries across the Americas, Europe and Asia-Pacific. World headquarters are in Long Beach, California. Apriso's rapidly-growing customer base of more than 140 customers and over 400 installations worldwide includes such high-profile, global companies as General Motors, Lear, Honeywell, Microsoft, Merck, Lockheed Martin, ITT, Baker Hughes, Halliburton, International Paper, Rubbermaid, Matsushita Avionics Systems, Saint-Gobain, Pechiney, and British American Tobacco.

The company has received a total of $20.9 million in two rounds of venture funding. Investors include Wall Street Technology Partners LP, CMEA Ventures, LogiSpring Investment Fund, SAP Ventures, and Brentwood Venture Capital.

Apriso and FlexNet are trademarks of Apriso, Inc. and may be registered in certain jurisdictions. All other product and company names mentioned are the property of their respective owners and are mentioned for identification purposes only.