AmberPoint Secures $8.2 Million in Third-Round Funding

Existing Investors Are Joined by Motorola Ventures in Series C Financing for Leading Service-Oriented Management Vendor

Oakland, California, June 21, 2004 -- AmberPoint today announced that it has completed an $8.2 million third round of funding from existing investors Crosslink Capital, Norwest Venture Partners and Sutter Hill Ventures, as well as new investor Motorola Ventures, the equity investment arm of Motorola, Inc. To date, the service-oriented management leader has raised $30.8 million in funding.

The funding will be used to expand engineering operations, customer support, sales and marketing. AmberPoint will also continue its worldwide expansion. In addition to opening new domestic sales offices in Chicago and New York, the company recently added European technical support and opened sales offices in London and Paris.

“AmberPoint has continued to demonstrate product leadership, customer traction and the resulting revenue growth,” said Promod Haque, managing partner at Norwest Venture Partners. “As the adoption of service-oriented systems grows, the comprehensive management capabilities AmberPoint provides become more and more crucial for enterprises. With its growing roster of marquee customers, strong industry alliances and excellent management team, AmberPoint is well positioned to expand its lead in the market.”

“During our process of selecting AmberPoint as our enterprise-wide Web services management solution at Motorola, we evaluated not only product capabilities but also the pedigree of the company, the experience of its management team and its opportunity to capitalize on this growing market,” said Warren Holtsberg, corporate vice president and director of Equity Investing, Motorola, Inc. “What we found in AmberPoint was a very strong company that intrigued us on multiple fronts.”

“This funding demonstrates broad interest from the investment community and strong support from our existing investors,” said John Hubinger, AmberPoint President and CEO. “We're extremely pleased to have closed this up round of funding in such a competitive marketplace. With these additional funds, AmberPoint is well positioned to deliver additional market-leading solutions, expand our global reach, continue to deepen our alliances with other industry leaders and build on our strong initial revenues.”

In other news today, AmberPoint announced a new release of its software (see related release, “AmberPoint Announces New System Release with Enhanced Capabilities for Larger Scale Service-Oriented Applications”).

With its uniquely non-invasive approach for managing distributed, heterogeneous service-oriented systems, AmberPoint integrates into any environment to quickly deliver comprehensive management, monitoring and security capabilities without requiring additional coding to Web services or other system components. AmberPoint is the first service-oriented management vendor with solutions that run natively in both .NET and Java, enabling its software products to fully leverage the advantages of both prevailing service-oriented platforms.

About AmberPoint
AmberPoint is the leading provider of management software for service-oriented architectures (SOAs). With its modular, distributed architecture, AmberPoint radically simplifies the management and evolution of service-based business solutions. For more information, contact AmberPoint at 510.663.6300 or info@amberpoint.com, or visit the company website at www.amberpoint.com for a complimentary developer’s edition of AmberPoint software.

Press Contacts:

Bob Dever
AmberPoint, Inc.
510.433.6553
bdever@amberpoint.com

Kim Abreu
Atomic Public Relations
415.439.4205
kim@atomicpr.com