Forbes Recognizes AmberPoint Board Members as Top Venture Capitalists

Promod Haque and William Younger Lauded in Annual "Midas List"

Oakland, California, February 3, 2003 -- AmberPoint, Inc., a leader in Web services management, today announced that two members of its board, Promod Haque and Bill Younger, were recognized by Forbes in the magazine's annual “Midas List” of the most successful investors in startup companies. Haque, managing partner at Norwest Venture Partners and Younger, managing partner at Sutter Hill Ventures, are both charter members of the AmberPoint Board of Directors.

Forbes publishes its Midas List each year to identify individuals who deploy venture capital to create wealth for investors. Its formula for ranking takes several factors into account, including the market capitalization of portfolios and degree of involvement with startups. Forbes conducts extensive reporting and surveys of professional venture capitalists, angel investors, lawyers and bankers. In the 2003 Midas List, Haque was ranked the number-two investor and Younger was ranked fortieth. Both Haque and Younger were featured in the top 100 of the Forbes Midas List for 2002.

“The Forbes Midas List confirms the world-class talent on our board,” said John Hubinger, AmberPoint CEO. “Our Board of Directors is made up of visionaries and business leaders with tremendously successful track records, individuals who have not only been very good at recognizing opportunity but have played very active roles in guiding their companies to prosperity. That such a collection of business leaders stand behind AmberPoint is further validation of our company and the market we address.”

Press Contacts:

Bob Dever
AmberPoint, Inc.
510-433-6553
bdever@amberpoint.com

Kim Abreu
Atomic Public Relations
415.703.9454
kim@atomicpr.com