Briefs

New Leadership and Strategy at Analytics Pioneer Attracts Money from Leading Venture Capitalists

BOSTON, Mass. - June 11, 2003 - Quadstone, the leading provider of customer analytics software for agile business, announced today that it has secured a further $5 million from three top European venture capital companies - Amadeus Capital Partners with co-investments from Standard Life Investments and Scottish Equity Partners. Quadstone's new CEO has been instrumental in driving a new approach to market. The company reached profitability in the last quarter of 2002.

The extra cash will support the new management team's growth strategy which has so far seen success in new business wins such as T-Mobile US, Verizon, Vodafone Sweden, Merrill Lynch and Flagstar Bank as well as repeat sales to Lloyds TSB, Fidelity Investments, First National Bank, eircom and GUS plc. Quadstone's product enables rapid exploration and exploitation of customer data in solving time-critical business challenges including retention optimization, customer loyalty and regulatory change.

For more information, visit www.quadstone.com.