"Exodus is committed to providing its customers with the safest environment possible for their mission-critical Internet operations," said Chris Arisian, vice president, worldwide alliances for Exodus. "AppShield's ability to protect the eBusiness application complements our existing managed security services."

AppShield, Perfecto's flagship product, is the first solution to provide complete application-level security for eBusinesses. Developed to meet the time-to-market demands of the eBusiness environment, AppShield can be installed quickly, needs little configuration and does not require modification to either existing eBusiness applications or third-party software. Because it provides blanket protection against application-level security vulnerabilities, AppShield allows eBusiness application developers to focus their attention on functionality and performance rather than the time-consuming process of coding and testing for security.

"Exodus is widely recognized as the industry's premier Internet hosting company. As an Exodus Alliance Partner, we can work with Exodus to offer customers a combination of AppShield and Web hosting services," commented Peggy Weigle, Perfecto's CEO. "We are excited by the opportunity to work with Exodus to offer the kind of security that customers expect and need."

As a result of the agreement, Exodus becomes the first member of the Application Security Alliance, Perfecto's strategic partnership program designed to promote the importance of protecting Web applications. Perfecto will continue to build on this comprehensive program by developing key relationships with web hosting companies, ASP aggregators, security leaders, system integrators, security resellers, financial services and federal government VARS.

"The purpose of Perfecto's partnership program is threefold: first, to expand the availability of application security solutions to all providers of e-commerce applications; second, to increase awareness of the Web application security problem; and third, to encourage the continued growth of e-commerce by providing this improved level of security," said Debra Nordgren, Perfecto's vice president of business development. "By building a network of relationships with the most viable suppliers of secure products and services, we will surely achieve these goals."

About Perfecto Technologies
Founded in 1997 and headquartered in Santa Clara, Calif., Perfecto Technologies pioneered the market for Web application security management software. AppShield, Perfecto's initial product offering, is the first to provide extreme security for customer-facing applications in dynamic eBusiness environments. Privately held, Perfecto is funded by blue-chip venture capital firms and industry leaders, including Goldman Sachs, Intel Corporation, Sequoia Capital, The Sprout Group and Walden Israel. More information about Perfecto Technologies may be obtained by visiting the Company's Website at www.perfectotech.com or by calling the Company directly at (408) 855-9500.

For Immediate Release
Contact:

Kevin Pedraja
Sterling Communications
(408) 441-4100
[email protected]