Press Release

June 26, 2000

OpenAir Forms Partnership with UK-based Genient to Expand Web-Native Business Services to Europe

Transatlantic Partnership Gives European Small and Medium Sized Enterprises the Power to Make Business Processes More Efficient

Boston (June 26, 2000) - Small and medium sized businesses across Europe will soon have access to the most powerful suite of Web-native business services through an alliance between OpenAir and Genient. OpenAir is the recognized leader in Web-native professional services automation (PSA) applications. The U.K.-based Genient, to be launched this fall, is an integrated Application Service Provider (ASP) that provides tailored Internet applications to small and medium sized businesses throughout the United Kingdom and Europe.

By introducing a version of OpenAir that is customized to meet the needs of the EU market, the Genient and OpenAir partnership will solve several unique challenges that face European businesses, including invoicing in multiple currencies and maintaining accounting practices that conform to continent-wide regulations.

"OpenAir is excited about the range of opportunities that the partnership with Genient will create," said Bill O'Farrell, CEO and founder of OpenAir. "Together we can expand the offering of powerful Web-native services to our common audience, saving them money and increasing their efficiency."

"Genient is delighted to be the first European partner for OpenAir," said Andrew McGregor, VP of Marketing at Genient. "The state-of the-art technology at OpenAir has been tailored specifically for the European market and will integrate seamlessly with Genient's small business focused services. I am confident that the attractiveness of OpenAir products will play a key role in the successful adoption of Genient's services in Europe."

About OpenAir
OpenAir, founded in 1999 as Timebills.com, is a trusted Web-native platform of seamlessly integrated services that efficiently and economically streamlines business processes. Headquartered in Boston, OpenAir expedites the circulation of company information through a network of linked administrative services. These services allow professionals to build and submit proposals, analyze employee time, report and approve travel expenses, track and bill time, create and deliver invoices, and outsource payroll and expense reimbursement. OpenAir currently helps more than 30,000 professionals remove the frustration associated with common business tasks to drive revenue more efficiently.

OpenAir is available 24 hours a day, seven days a week, supports all major Internet browsers and is easily accessed from any Internet-equipped computer. All data is backed up on state-of-the-art servers, encrypted, password protected and only accessible to the OpenAir user.

About Genient

Genient is an integrated application software provider (ASP) that allows small businesses to run their back office functions over the Internet and is the first UK company to produce a bespoke service focusing on this growing part of the European economy. The company, founded in December 1999 by Eric Guilloteau and Warrick Taylor, brings together a senior management team from the e-business and technology fields in the UK and USA. Backed by Atlas Ventures and a number of high-profile individual investors including Mark Hoffman, Chief Executive of CommerceOne, Genient will help SMEs to connect with customers, suppliers and staff over the Internet. The service will launch this fall.

Contact
Jeff Hunt
OpenAir
Phone: 617-351-0230
jeffhunt@openair.com