IPivot Appoints Jim Keefe as Chief Financial Officer; Experienced Finance Executive Worked Seven Years at San Diego's Applied Digital Access, Previously at Honeywell and Coopers & Lybrand.

SAN DIEGO--(BUSINESS WIRE)--Sept. 21, 1999--

IPivot Inc., an award-winning manufacturer of Internet Commerce Equipment designed to enhance the performance of e-commerce Web sites, today announced the appointment of Jim Keefe as chief financial officer.

Keefe will be responsible for managing IPivot's overall financial operations and will collaborate with other members of the executive team to lead the company's future growth and expansion.

"The addition of Jim Keefe to head up our financial operations team puts an experienced professional in a key role to support IPivot's future success," said Brett Helm, IPivot president and chief executive officer. "IPivot's track record in successfully raising over $14 million dollars from our investment partners over the past two and one half years speaks for itself. With Jim's assistance, we will now increase our efforts to continue building the financial strength of the company to maintain and grow our position in the e-commerce industry."

In December 1998, IPivot raised $10.5 million in a second round of equity funding from several leading venture capital firms including Crosspoint Venture Partners, Enterprise Partners, Doll Capital Management, VantagePoint Ventures and Athena Technology Ventures. The company's first round of $4.2 million in venture capital came from Enterprise Partners and Doll Capital Management in May 1997.

"This is a dynamic and exciting time to be joining IPivot," Keefe said. "The company's involvement with the burgeoning e-commerce equipment market makes it an interesting opportunity. I'm looking forward to working with my new colleagues to enhance and maintain a solid financial structure that supports the growth of the company for many years to come."

Keefe joins IPivot from Applied Digital Access (Nasdaq:ADAX), a leading San Diego telecommunications manufacturer where he worked from 1992 to 1999, first as corporate controller and director of finance and later as vice president of finance and administration and CFO. At ADA Keefe played a key role in the company's initial public offering, led several strategic acquisitions and managed an investment portfolio that had exceeded $35 million. Prior to ADA, Keefe held financial management and accounting positions at U.S. Fiberline Communications, Scientific Computer Systems, Honeywell and Coopers & Lybrand LLP.

IPivot's Award Winning Products

IPivot's Commerce Accelerator 1000, Commerce Director 8000 and Multi-Site Director 9000 are designed to eliminate server performance bottlenecks by performing secure transaction processing with patent-pending SSL acceleration technology, regaining speed lost by e-commerce servers when decrypting secure transactions. By offloading CPU-intensive encryption processing from the server, IPivot's Internet Commerce Equipment product line can increase the speed of secure transactions by as much as 150 times.

Over the past few months, IPivot, its products, and its reseller program have received top honors at several industry conferences, including CMP's Breakaway XChange events in Florida and Quebec, Gartner Group's EnterpriseVision conference in California and Ziff Davis' NetWorld+Interop show in Las Vegas.

About IPivot

IPivot Inc. delivers solutions designed to solve Internet performance and reliability problems thus enabling the mass adoption of Electronic Commerce. IPivot markets its family of Internet Commerce Equipment through a network of premier resellers, network integrators, value-added distributors and OEMs. IPivot's management team combines experience in the Internet, network and transaction processing markets. The company's investment partners include Crosspoint Venture Partners, Enterprise Partners, Doll Capital Management, VantagePoint Ventures and Athena Technology Ventures. IPivot is headquartered near San Diego with sales offices in Atlanta, Boston, Chicago, Los Angeles, New York, San Francisco, Washington, London and Tokyo. For more information, call +1-858-679-7858 worldwide, +44-1420-80900 in Europe, or toll-free within North America at 1-877-347-4868. On the Web, visit http://www.ipivot.com.

IPivot, Intelligent Broker, Commerce Accelerator 1000, Commerce Director 8000 and Multi-Site Director 9000 are trademarks of IPivot Inc. All other trademarks are the property of their respective owners.