Mountain View, California, March, 1999 - Perfecto, the lone pioneer in eBusiness application security, announced it has successfully secured an additional $6 million during its second round of financing. Sequoia Capital led the round and is the new addition to Perfecto`s growing list of enthusiastic backers, which includes Intel, Timark, Walden Group and Mofet.

Pierre Lamond, a senior Sequoia executive who focuses on semiconductor, communications and software investments on the company`s behalf, joined Perfecto`s Board of Directors as part of the financing venture. Mr. Lamond brings years of experience and expertise to Perfecto, serving as Chairman of the Board and board member of several prominent companies in the aforementioned fields. Before joining Sequoia in 1981, Lamond was a founder and Technical Director of National Semiconductor and the General Manager of Fairchild`s Integrated Circuit Division.

"Relying on its vast expertise in the area of Internet security, Perfecto is the first company to identify the lack of application security as a fundamental hurdle for eBusiness to reach its full potential" commented Mr. Lamond. "Perfecto`s first of its kind solution, is a must-have product for any company seriously engaged in eBusiness".

"We are very excited to have a firm of Sequoia Capital`s caliber join us in our effort to bridge the eBusiness trust gap" added Eran Reshef, Founder of Perfecto and Vice President. "Mr. Lamond`s immense industry knowledge and experience offers our company true value as we embark on introducing our product family to the market".

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. Customers include companies in the e-commerce, financial services, and high-tech industries. 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 web site at www.perfectotech.com or by calling the Company directly at (408) 352-2000.

For Immediate Release
Contact:

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