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Press release - 23 March 2001

CapMan and Sonera became part of international investment syndicate
^{European private equity investors invested EUR 14 million in Dutch ASP Siennax}

The private equity investor CapMan and Sonera Juxto International (Sonera’s business development unit, which concentrates on ASP (Application Service Provider) business activities) have reached an agreement on co-investment in Siennax International B.V. In addition to the Finnish investors, this second round of funding included German BHF Bank, Dutch ABN AMRO Participaties and Residentie Investments and the original owners Prime Technology Ventures, Het Goede Paard and Siennax’s staff. The new funds will enable Siennax to continue to build its successful one-to-many application delivery architecture and business applications portfolio.

Siennax was established in 1998 and is one of the leading European ASP (Application Service Provider) companies. The applications needed in the ASP service is leased for a fixed term and extent to the employees of a company. Siennax offers multiple, shared both standard and customised applications via one URL in the Internet. Siennax’s ASP is serving 15 000 users and has quickly expanded from the domestic markets in Holland to Germany.

The Siennax portfolio encompasses standard applications like: secure e-mail, Intranet, Extranet, e-commerce, e-Learning, e-CRM, Knowledge management and document management applications. Based on the web, these are accessible to clients over the Internet and via Wireless Application Protocol (WAP) devices. Siennax has partnerships with Microsoft, IBM Lotus, Sun-Netscape and Oracle.

”This round of funding clearly shows that investors see potential in the fast growing ASP market. Siennax is on a solid growth path. The company has an internationally suitable business idea and successful track record on reliability of the service with well-known clients”, says CapMan’s Partner Jari Talvinen.

”We want to observe closely the development of one of the leading European ASP company”, explains Director of Sonera Juxto International, Jukka T. Leinonen. “Siennax understands the ASP market and the success in the Europe shows that there is a demand for ASP service among corporate clients”, continues Mr Leinonen.

For more information please contact:
CapMan, Partner Jari Talvinen, tel. +358 9 6155 800 or
Sonera Juxto International, Director Jukka T. Leinonen, tel. +358 40 553 7071

CapMan Capital Management Oy is one of the leading private equity investors in the Nordic countries specialising in medium sized buy-outs and buy-ins, and technology investments in the fields of information technology, telecommunication and the media. The funds under management amount EUR 950 million and to date CapMan has invested in about 100 companies in Finland and elsewhere in Europe. The funds managed by CapMan have exited 25 companies, of which six is listed on the Helsinki Stock Exchange.

International business development unit Sonera Juxto International is part of Sonera Juxto group which is wholly owned by Sonera. Sonera Juxto International participates in the consortium in the role of industrial owner or expert. As a provider of applications and management services, Sonera Juxto concentrates specifically on the development of mobile communications and mobile-based services and applications. The company stands out in the ASP sector with its expertise in the management of mobile communications, information security and services.

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Translations:

Press release - 23 March 2001

CapMan and Sonera became part of international investment syndicateEuropean private equity investors invested EUR 14 million in Dutch ASP Siennax

CapMan and Sonera became part of international investment syndicate
^{European private equity investors invested EUR 14 million in Dutch ASP Siennax}