UPSIDE Magazine Names Visionael Among 2002 Hot 100 Private Companies: Coveted UPSIDE Hot 100 Award Recognizes Innovation, Leadership and Performance

Visionael announced that it has been named one of the "Hot 100" private companies of 2002 by Upside Magazine. This coveted annual award recognizes excellence and innovation among the most promising technology industry startups.

PALO ALTO, Calif. -- May 23, 2002 -- UPSIDE Magazine today announced that Visionael®, a leading provider of carrier-grade service creation and inventory-based network resource management (NRM) software solutions, has been selected to receive the 2002 Hot 100 Award, UPSIDE's annual award recognizing excellence and innovation among the hottest technology industry startups.

UPSIDE will publish the Hot 100 Award winners in its June 2002 issue and will unveil the winners online at UPSIDE.com.

"We are pleased to be recognized as a technology leader by such respected industry experts," said Marc Jones, President and CEO at Visionael. "This award speaks to the high caliber of Visionael's partners, investors and employees and I am proud to accept this honor on their behalf."

The 2002 UPSIDE Hot 100 were selected by a team of UPSIDE editors, venture capitalists, financial analysts, market researchers and other industry luminaries who evaluated more than 400 nominations. The UPSIDE Hot 100 Award is judged on a company's technological achievements, customer acceptance of products or services, financial performance, industry partnerships, financial backing, management savvy and marketing.

"We evaluated hundreds of great companies that spanned a broad range of technology market segments, and we are pleased to recognize Visionael as one of this year's winners," said Jerry Borrell, editor-in-chief of UPSIDE Magazine. "Over the seven years of its existence, this award has consistently recognized companies that have become the hallmark of excellence in technology, achieving successful IPOs, or merging with other companies. We expect big things from this year's winners and look forward to following Visionael's success."

About Visionael
Headquartered in Palo Alto, California, Visionael transforms the economics of creating, delivering and managing network services. Visionael is a leading provider of carrier-grade service creation and inventory-based network resource management (NRM) software solutions, comprising a key component of any operations support system (OSS). Visionael 6 is recognized as a leading inventory/NRM solution combining autodiscovery and data collection, validation/reconciliation, engineering and network change management, circuit & cable management, engineering design and workflow to deliver an accurate, real-time view of network resources. Visionael ServiceBase works seamlessly with Visionael 6 to deliver the market's first open, automated multi-service creation engine, empowering service providers and large enterprises to rapidly and cost-effectively deliver high-demand services to their subscribers and users. Visionael has more than 50 service provider, outsourcer, enterprise, and government customers including AT&T, BT Ignite, Cable & Wireless, Fidelity, IBM Global Services, Ionex, LDCom (Kaptech), Omnitel, OptiGlobe and Verizon. For more about Visionael, please visit www.visionael.com or call 650.470.8920. In Europe, please contact Visionael SARL in Paris at +33 140.71.28.28 or emea@visionael.com.
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Note to Editors:
Visionael, the Visionael logo, WEBcentral, APIcentral and ServiceBase are trademarks of Visionael Corporation. All other companies and products referenced herein may be trademarks or registered trademarks of their respective holders.