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Sequoia has engineered its software products to be easily coupled or integrated with applications from other vendors. "The Sagent contract is the first fruit of our business development strategy, whereby Sequoia will OEM an XML-powered interactive e-business platform, broadening our distribution capability," said Mark Wesker, president and COO, Sequoia Software. "Our growing XML-based product-line enables us to target a wide range of OEM opportunities fueled by today's time-to-market sensitive demand for XML-based e-business solutions."

"e-business has challenged enterprises and vendors alike to deal with vastly increased data volume, variety and velocity," said Doug Laney, META Group Vice President. "Now armed with Sequoia's powerful XML-based technology, the already solution-rich Sagent boosts itself into the world of enterprise deployable analytics."

Sequoia's XML-based e-business software is distinctively capable of aggregating user-defined data and content from any variety of enterprise or Web-based information sources, enabling access and interaction with the most relevant information available, and personalizing it according to individual user needs. Sagent will integrate its powerful and comprehensive business intelligence solution with Sequoia's technology to provide users with personalized access to the analytic tools, reports, and content they need to create precise one-to-one marketing campaigns, identify profitable sales opportunities, and improve operational efficiencies.

"Sagent is a market leader with more than 1,100 customers actively employing their real-time business intelligence solutions," added Wesker. "Their decision to license Sequoia's technology, over many of our competitors, validates both the strength of our XML-based e-business software, and our ability to grow revenue through our OEM partners."


About Sagent Technology

Sagent Technology SGNT powers more than 1,100 customer-driven organizations around the world and across such diverse industries as e-commerce, financial services, insurance, healthcare and telecommunications. Sagent enables such market leaders as GE Capital, Sony Online Entertainment, MapQuest.com, Outpost.com, Ticketmaster, Kemper National Insurance, Royal & SunAlliance, United Healthcare and AT&T to win, retain and grow customers. Sagent retains strategic relationships with ADP, Advent, CommerceOne, Compaq, EDS, HAHT Software, IBM, Interpath, Microsoft and Siebel. Sagent is headquartered in Mountain View, California, and can be reached at www.sagent.com.


About Sequoia Software

Sequoia Software Corporation SQSW is a leading provider and innovator of XML-powered e-business software. Sequoia's flagship product, the XML Portal Server(TM) (XPS), gives users a Web-based, single point of personalized access to distributed information, along with the capability to publish, edit, change or update content. As the cornerstone of an effective e-business strategy, customers deploy Sequoia's XPS to improve the accuracy of information search and retrieval, and foster the interchange of information between organizations and their customers and trading partners. Sequoia's customers and partners include marchFIRST Cornerstone, Baylor Health Care System, Blue Cross and Blue Shield, General Electric Power Systems Division, PSINet Limited, S2 Systems, Lockheed Martin, and Kaiser Permanente. For e-business solutions that let you do more in less time visit www.sequoiasoftware.com or call Sequoia toll free (888) 820-7917.

Sequoia's XML Portal Server and XPS are trademarks of Sequoia Software. Sagent is a registered trademark of Sagent Technology Inc. All other trademarks are the property of their respective owners.


Note:

Other than historical information contained herein, certain statements in this release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements in this release involve a number of risks and uncertainties including, but not limited to, changes in market conditions, government regulation, technology, our ability to expand, our early stage of development, attraction and retention of key personnel, management of rapid growth, entry into new markets, intense competition, customer concentration and attrition and our dependence on XPS. These risk factors are discussed in further detail in the Company's SEC filings including the prospectus filed in connection with our initial public offering and the Quarterly Report on Form 10-Q for the quarter ended March 31, 2000.

CONTACT:Sequoia Software
David Schreiber
410-715-0206
dschreiber@sequoiasoftware.com
or
Sagent Technology
Michael A. Piotrowski
727-725-9727, ext. 2230
mpiotrowski@sagent.com
or
Lippert Heilshorn & Associates
Jody Burfening / Sanjay Hurry
212-838-3777
jbs@lhai.com

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www.sequoiasoftware.com
Company Vitals

1999 Revenue:  $8,398,000 1999
Net Income (Loss):  ($12,792,000)
Fiscal Year End: 12/31
Employees: 178
Incorporated In:  DELAWARE

... aber gegen Konkurenten wie Oracle und Broadvision wird Sequoia Soft nicht viel anrichten können.
Dann noch ein 99er Umsatz von gerademal 8Mio Dollar bei Verlusten von über 12 Mio Dollar ... ich bleibe doch lieber bei meinen Biotecs. :)

trotzdem good luck, doous