CYA Technologies, Inc Announces $6.8 Million Series A Investment Software Company Gaining Significant Traction with Business Continuity Solutions

CYA Technologies, Inc., a leader in business continuity solutions, announced today $6.8 million in Series A financing.

Trumbull, CT -- May 23, 2002 -- CYA Technologies, Inc., a leader in business continuity solutions, announced today $6.8 million in Series A financing. YankeeTek Ventures, a Cambridge, Mass. based venture capital firm, led the round with $2.5 million; $2.3 million converted from existing bridge loans provided by Connecticut Innovations and others. The round will remain open for new investors as the Company is seeking an additional $2 million. The Company will use the funds to expedite development of additional CYA Command Consoleä suites, strengthen its strategic alliances and build its direct and channel sales force.

CYA, which stands for Capture Your Assets! , markets a suite of software products and utilities targeted to the enterprises growing need to achieve high availability, guarantee data integrity and enable true business continuity by protecting the relationships and processes within an organizations enterprise systems.

The current suite is targeted at Documentum, the leading enterprise content management vendor, and consists of eight modules designed to provide clients with a building block approach to business continuity. The patent-pending CYA HOTBackup is the suites engine". CYA HOTBackup is the only application-aware software solution of its kind; able to understand the application, its data and the complex relationship between them. By utilizing this intelligent engine, enterprises can plug-in additional modules to achieve greater degrees of business continuity for mission-critical information.

"CYA has continued to thrive, regardless of current market conditions. In the first quarter of this year we had over $1 million in orders, we are ahead of schedule with our development, and our partner program is gaining traction," said Elaine Price, president and CEO of CYA.

"The value and importance of CYA's business continuity solutions are supported by the Blue-Chip list of customers that have embraced them. The ability to achieve continuous backup without impairing production time coupled with the ability to maintain data integrity, links and relationships down to the object level, makes this a compelling, cost-effective way to safeguard mission-critical data," said Jack Genest, Managing Director of YankeeTek.

About CYA Technologies, Inc

CYA Technologies is the leading provider of application-aware business continuity software products and utilities essential to the protection of critical business processes that power the enterprise. The Companys product suite, the CYA Command Console, consists of a multitude of innovative and robust modules designed to provide superior business continuity and high availability solutions as well as simplify complex administrative tasks. Fortune 2000 companies in every industry utilize CYAs products to successfully compete in todays highly regulated and eBusiness environments.

The Company plans to develop additional CYA Command Consoles for other leading platforms in the Enterprise Content, Customer Relationship, and Enterprise Resource management arenas.

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About YankeeTek Ventures

YankeeTek Ventures is a $60 million venture capital fund focused on early-stage technology companies. YankeeTek's professionals work closely with entrepreneurs to provide the assistance, guidance and support required to build successful companies. YankeeTek focuses on investments in the areas of Application Software and Services, Communications and
Networking, eBusiness Infrastructure, Semiconductors and Emerging Technology. For more information, visit www.yankeetek.com.