New York City, NY - June 21, 2000 - Perfecto Technologies, the established leader in automated web application control and security software, at a NYC launch event today announced a name change to Sanctum, Inc. Sanctum will continue to develop and market pioneering web application security solutions, including its market-leading AppShield� product, which detect and defend eBusinesses against Web Application Perversion. In a related announcement, Sanctum today also announced AppScan�, the first automated web application security audit tool.

According to Peggy Weigle, president and CEO of Sanctum, Inc., "The integrity of an eBusiness web site is the enterprise equivalent of national security. Most web application hacking incidents are simple browser launched attacks that exploit the holes, bugs and weaknesses in all software code. Our mission is to provide eBusinesses with a viable defense against the perversion of web applications. Our new name clearly reflects that mission."

Today's Internet security practices are not enough to stop Web Application Perversion or prevent hackers from stealing digital property - from sensitive customer data to confidential corporate information. Hackers can even shut down a site or alter prices to buy goods and services using nothing more than a web browser. Since this can quickly destroy a company's brand and customer loyalty, eBusinesses cannot afford to wait for security glitches to be discovered and fixed manually, especially given the ever increasing amount of code and content being added to web sites daily from in-house development and third-party applications.

With an established customer base that includes companies in the financial services, retail, healthcare and government industries, Sanctum was the first company to recognize Web Application Perversion as a critical threat facing eBusinesses. With AppShield and AppScan, Sanctum provides the only software that can autonomously and continuously monitor how individuals interact with web applications and protect against application-level hacker intrusions.

About Sanctum, Inc. (www.SanctumInc.com)
Founded in 1997 and headquartered in Santa Clara, Calif., Sanctum, Inc. (formerly Perfecto Technologies) pioneered the market for web application security and control software. Sanctum's software works autonomously and continuously to monitor how individuals interact with web applications. By detecting and defending against any unauthorized behavior, Sanctum prevents Web Application Perversion, even if a site has unknown security holes or flaws. Sanctum's customers include industry leaders in banking, retailing, finance, government and healthcare. Privately held, Sanctum is funded by blue-chip venture capital firms and industry leaders, including Sequoia Capital, Walden and Intel Corporation. More information about Sanctum may be obtained by visiting the Company's web site at www.SanctumInc.com or by calling the Company directly at (408) 855-9500.

For Immediate Release
Contact:

Kevin Pedraja
Sterling Communications
(415) 749-6550
[email protected]