Kubi Software Appoints Vice Presidents of Business Development and Engineering

Strengthens World-Class Management Team; Continues Momentum from DEMO Debut and DEMOgod™ Award Win

LINCOLN, Mass. - March 12, 2003 - Kubi Software, Inc. today announced the appointments of Steve O'Neill and Bob Preble as vice presidents of Business Development and Engineering, respectively. Collectively bringing more than 40 years of experience and track records of success in delivering enterprise software to the global marketplace, O'Neill and Preble round out Kubi's world-class management team.

Kubi Software is delivering the first Collaborative Email solutions - a new class of business software that combines the power of collaborative capabilities with the familiarity and ease of use of Email - to the marketplace. The company's first product, Kubi Client, was successfully introduced at the elite DEMO 2003 conference, where Kubi Software was one of only six (out of 61) companies named a DEMOgod. In the three weeks since that introduction, more than 300 corporations have applied to be part of the Kubi Software Beta Program, which is now under way.

"The initial response to Kubi Client supports our vision that collaborative software should be a natural extension of the application that people live in every day - Email," said John Shagoury, president of Kubi Software. "Our approach is being validated by unprecedented interest from potential partners and customers. Our management team has a wealth of experience in successfully identifying and capturing enterprise software opportunities, and the addition of Steve and Bob will strengthen these efforts."

As Vice President of Business Development, Steve O'Neill will be responsible for all business development activities, including strategic partnerships and new-market development initiatives. O'Neill holds more than 20 years of technology experience and a proven track record of driving business development initiatives. He joins Kubi Software from web publishing solution provider Trellix Corporation, where he served as an executive vice president. During his tenure at Trellix, O'Neill built and managed the business development group, and was instrumental in closing some of the company's largest deals with organizations that included HP, Dell, Compaq, and Amazon.com. He also played a key role in securing Trellix's $35 million mezzanine round of financing.

Prior to Trellix, O'Neill was the vice president of business development for QoS networking solution provider Sitara Networks. Earlier, he had served as vice president of business development for e-marketplace provider Nets Inc. and vice president of alliances and business development for Lotus Development Corp. O'Neill has also held various management positions within Banyan Systems, Skok Systems, and HP.

As Vice President of Engineering, Bob Preble will be responsible for all aspects of development, quality engineering, and support. Preble brings more than 20 years of software engineering expertise and a track record for managing tight product schedules, while maintaining the highest levels of software quality. He also has expertise in driving product localization efforts in multiple countries simultaneously. Preble also joins Kubi Software from Trellix Corporation, where he served as vice president of engineering. While at Trellix, he managed significant localization projects for the European and South American markets.

Previously, Preble was at Lotus Development Corp., where he held a number of senior management roles including general manager of the Graphics Product Group and senior director of development. At Lotus, Preble was instrumental in bringing a number of products from concept to market - including localization for Europe, South America, and the Far East - that resulted in yearly revenues of $120 million.

About Kubi Client

Responding to the overwhelming preference of business users for collaborating in Email, Kubi Client consolidates all of the information and tools people need to work on projects - including messages, documents, calendars, contacts, tasks, and timelines - into a single view, within Email. For the first time, users of Microsoft Outlook and IBM Lotus Notes can truly collaborate with each other, extending the ability of teams to work together within organizations as well as with external partners. Kubi Client automatically synchronizes project spaces within Email, while protecting sensitive documents and restricting access to only invited team members.

Kubi Software's innovation includes both its user-centric approach to the application interface and its baseline protocol technologies. The company has created a new, patent-pending protocol that is SMTP-based, to leverage the worldwide messaging network; XML-formatted, to unify the differences between competing Email platforms; and PKI-secured, to transparently encrypt and authenticate sensitive data.

About Kubi Software

Kubi Software was founded in 2001 to create a new class of business software called Collaborative Email that enables employees, customers, and partners to collaborate easily and securely. Collaborative Email combines the power of collaboration with the familiarity and ease of use of Email. Founder and CEO Julio Estrada has extensive experience in developing commercially successful software, including chief-architect roles for Lotus QuickPlace and Lotus Domino Web Server - collaboration solutions used today by tens of millions of users. Kubi Software's world-class executive team brings management expertise from enterprise software companies, while its blue-chip investors include Lazard Technology Partners and Venture Investment Management Company LLC (VIMAC).

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