PLUM Plumtree Software (MM)

Plumtree Goes Live With Corio Corio Applications on Demand(TM) Reduces Cost and Improves Performance Of CRM Application SAN CARLOS, Calif., March 2 /PRNewswire-FirstCall/ -- Corio, Inc. , a leading enterprise application service provider, today announced that Plumtree Software , the Enterprise Web leader, has gone live with Corio Applications on Demand(TM). Corio is providing infrastructure and application management services to support Plumtree's internal CRM system. (Logo: http://www.newscom.com/cgi-bin/prnh/20031231/CORIOLOGO ) Plumtree has chosen Corio Applications on Demand(TM), a 'pay-as-you-go' utility computing service, to deliver high reliability and superior economics for its enterprise CRM system. On demand systems attack the fixed cost structures of corporate IT, lower upfront project expenses, and reduce IT costs overall. Corio is providing Plumtree a secure, cost-effective and reliable CRM solution to support customer service, sales force automation and marketing initiatives. Corio Applications on Demand(TM) is an end-to-end enterprise application management solution. "Plumtree selected Corio Applications on Demand(TM) as a cost-reduction measure," said John Ottman, executive vice president of Worldwide Markets at Corio. "At the same time they expect to improve reliability and raise their operational standards." "We were looking for a reliable and scalable CRM solution," said Eric Borrmann, chief financial officer at Plumtree. "Corio Applications on Demand(TM) has helped us reduce our monthly costs by 50 percent and increase our CRM performance. Now, queries for contacts belonging to a specific industry only take a few seconds, rather than several minutes." About Corio, Inc. Corio, Inc. (NASDAQ:CRIO) is a leadingenterprise application service provider (ASP). Corio Applications on Demand(TM) is a service that delivers enterprise applications from leading software vendors for a monthly fee. Corio provides infrastructure, applications management, professional services and Corio iSRVCE(TM) technology resource management (TRM) software. Additional information about Corio is available at http://www.corio.com/ . Corio, iSRVCE and SRVCE are registered trademarks of Corio, Inc. Applications on Demand(TM) is a trademark of Corio, Inc. All other product and company names mentioned herein may be the trademarks of their respective owners. FORWARD LOOKING STATEMENT: Matters discussed in this release involving expectations, beliefs, plans, projections, intentions, future events or strategies are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities and Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995, and are made under their safe-harbor provisions. Such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. Forward-looking statements herein include statements regarding the services to be provided by Corio to Plumtree, the benefits of Corio's relationship with Plumtree to Corio and Plumtree, and the benefits of Corio's services to customers generally. Some of the specific factors that may cause actual results to differ include: the fact that Corio operates in a new industry with a rapidly-evolving business model, the fact that the structure of relationships may change and relationships may terminate, and Corio's ability to adapt its services for rapidly changing technology. Additional risks that could cause actual results to differ materially from those projected are discussed in our public filings with the Securities and Exchange Commission which are available at the Securities and Exchange Commission's website ( http://www.sec.gov/ ). Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's analysis only as of the date hereof. Corio undertakes no obligation to publicly release the results of any revision to these forward- looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events, and Corio shall have no duty to update statements made herein. http://www.newscom.com/cgi-bin/prnh/20031231/CORIOLOGO http://photoarchive.ap.org/ DATASOURCE: Corio, Inc. CONTACT: Heather Kelly of S&S Public Relations, Inc., +1-888-275-5878, Web site: http://www.corio.com/

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