Morgan Keegan Technology Group ADVISES 170 SYSTEMS, INC.

BOSTON, MA – (April 16, 2002) - 170 Systems, Inc., a leading provider of business process management software product solutions for Global 1000 enterprises, announced today that it has secured $14,000,000 in series A funding. Morgan Keegan Technology Group, LLC acted as exclusive financial advisor to 170 Systems, Inc. The funds will be used to fuel the company’s global expansion, sales, and marketing efforts.

170 Systems develops and implements information management and business process enhancement software products for Global 1000 organizations that have deployed enterprise applications in finance and accounting, CRM, procurement, order management, project management/billing, and human resources. The company has grown rapidly over the past three years by capitalizing on the demand for technologies to enhance and streamline mission critical business processes, an area in which IT investment has remained strong regardless of recent fluctuations in the economy. 170
Systems solutions are currently deployed in 40 countries around the world. Customers include British Telecommunications, Sandia National Laboratories, and various agencies within the US Government.