ProSight Appoints Michael Tolbert Vice President Sales

Michael Tolbert has been named the new vice president of sales for ProSight, the experts in portfolio management software. Tolbert's history includes substantial enterprise software experience with companies like Oracle, SAP, and Siebel.

PORTLAND, Ore. - Jan. 28, 2002 - ProSight Inc., the experts in portfolio management software, today announced the hiring of Michael Tolbert as the new vice president of sales for the company. Tolberts industry experience in technology sales for multiple Fortune 500 companies will enable him to drive the direction of the sales organization at ProSight during an explosive time in the companys growth.

Tolberts experience in managing revenue and staff is solid as evident in his former position at SAP America where he was responsible for revenues of more than $250 million, 10 regional managers and a sales force of more than 100 executives and consultants. During his tenure at SAP, Tolbert rose from the role of district director to senior vice president of U.S. sales.

We are pleased to have found such an experienced executive to harness ProSights current sales momentum," said John Cimral, chief executive officer, ProSight. Mikes influence and leadership will be a significant factor in furthering the adoption of ProSight Portfolios and ProSight Professional Services while directly affecting our ability to reach profitability. His understanding of selling enterprise software brings an invaluable asset to our executive team and the company as a whole."

In 2001, Tolbert held an executive position at Netfish Technologies, where he served as the vice president of North American sales. His efforts and leadership helped position the company as an attractive target for acquisition by Iona Technologies. Prior to Netfish, Tolbert held senior sales positions at Siebel Systems, SeeBeyond, and Oracle Corporation.

Tolbert is the newest executive to join ProSight since the promotion of Steve Vogeltanz to vice president of strategic alliances in August 2001. Lead by Cimral, the ProSight executive team includes veteran executives from Symantec, MERANT, Mentor Graphics, Sequent, MedicaLogic and Unicast.

About ProSight
ProSight, the experts in portfolio management software for technology leaders, combines software with services and knowledge resources to equip companies with effective oversight of investments, resources and performance, enhancing value visualization and strategic collaboration capabilities throughout the enterprise. ProSight partners include Evolve Inc.; EYT, formerly known as Ernst & Young Technologies; the PCI Group; PeopleSoft Inc.; PlanView; PMOnline (GITA); Robbins-Gioia, LLC; WBB; and Westech Information Systems. ProSight is headquartered in Portland, Ore.

For more information on ProSight, please visit www.prosight.com. For more information on portfolio management, visit the Portfolio Management Forum at www.portfoliomgt.org.

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ProSight and ProSight Portfolios are trademarks of ProSight Inc. All other marks, express or implied, are property of their respective owners

For more information, please contact:
Rick Turoczy, ProSight Inc., (503) 889.4882, rick.turoczy@prosight.com
Julie Smith, Weber Shandwick, (503) 552.3747, jusmith@webershandwick.com