COUNTERPANE INTERNET SECURITY'S MARKET EXPANSION CONTINUES AS COMPANY SIGNS CONTRACTS WITH LEADING APPLICATION SERVICE PROVIDERS, BLUEMETEOR, CORIO AND JAMCRACKER

ASP market leaders BlueMeteor, Corio and Jamcracker enhance the security of their client services with Counterpane's Managed Security Monitoring service

San Jose, CA, March 6, 2001 - Counterpane Internet Security, Inc., the leader in Managed Security Monitoring, today announced that Application Service Providers (ASPs) BlueMeteor, Corio and Jamcracker have signed service agreements for the Company's Managed Security Monitoring (MSM) service. Counterpane's innovative service provides 24/7 real-time monitoring and coaching by Counterpane's expert security analysts, penetration detection and response, and intelligence data gathering and analysis.

"BlueMeteor views Counterpane as a trusted strategic business partner in the joint development and implementation of our holistic approach and vision to intrusion detection," said David Weinstein, president and CEO of BlueMeteor, inc. "Counterpane provides BlueMeteor a mechanism, where we can identify and integrate best-of-breed security technologies into a common centralized framework for capturing, analyzing, reporting and trending security related events. By taking advantage of Counterpane's innovative approach to Managed Security Monitoring, BlueMeteor is able to strengthen our information protection offering that we provide to our customers hosted e-Business solutions."

"Our strategic relationship with Counterpane is consistent with our model of aligning with best-of-breed service providers to strengthen our ASP offering. Counterpane's services are a key enabler of our multi-layer security system for managing enterprise applications," said George Kadifa, president and CEO of Corio. "We can leverage the significant economic and resource investment that Counterpane has made in their 24x7 Secure Operations Centers, intelligence databases, and other security tools so that we can focus on our core business of deploying and supporting enterprise applications. We are confident that our networks are being monitored by world-class security analysts while our customers have the ease of mind that their mission-critical data is safe from threats," Kadifa continued.

"Our global customers rely on us to provide a single, easy-to-use service delivery platform that promotes business efficiency across the entire enterprise with a variety of solutions," said K.B. Chandrasekhar, Co-founder, Chairman and CEO of Jamcracker. "As a leader in the emerging netsourcing arena, security is an integral part of our offering. Our customers rely on us to keep their infrastructure and business applications up and safe. Having Counterpane's expert security analysts watching vigilantly over our shoulder gives us peace of mind knowing we are doing everything we can for our customers."

"We are pleased to team with BlueMeteor, Corio and Jamcracker," said Tom Rowley, Counterpane's President and CEO. "Counterpane's MSM service complements these companies' strategies of offering an array of managed services and satisfies the high priority their respective customers place on security.

"These new agreements continue to expand our Company's rapidly growing base of e-business customers, and further validate our market development strategy focused on customer segments that are part of our 'Internet Business Model'. These business are at the forefront of the e-Commerce/e-Services market and have an immediate need to fortify their information security measures with Counterpane's real-time, vigilant monitoring and response services," continued Rowley. (Note to editors: See Addendum to this release for a description of Counterpane's Internet Business Model.)

About BlueMeteor

BlueMeteor, inc. is an Accelerated Solutions Provider™ that creates and hosts solutions that integrate Internet commerce infrastructure with leading back-office applications to enable true e-Business. BlueMeteor leverages pre-built, scalable technologies to achieve radically accelerated results and delivers solutions to the end-users' desktops via the BlueMeteor Power Portal. BlueMeteor is backed by Minotaur Capital Management, Bluevector LLC and Wheatley Partners. For more information visit www.bluemeteor.com.

About Corio

Corio (NASDAQ: CRIO), a leading application service provider, delivers, hosts and manages best-of-breed enterprise application and infrastructure services for a monthly fee. Corio's application suite, the Corio Intelligent Enterprise, features leading vendors such as BroadVision, Changepoint, Commerce One, E.piphany, Microsoft, Moai, PeopleSoft, Requisite, SAP and Siebel Systems. Corio's infrastructure suite, the Corio Intelligent Infrastructure, features modular application delivery and support services. Corio is headquartered in San Carlos, Calif., with 15 offices across the U.S. Additional information about Corio is available at http://www.corio.com.

About Jamcracker

Jamcracker^TM, Inc., the complete web-based workspace for IT and business applications, services and support, leverages the power of the Net to help medium-sized companies use technology to its full potential. Jamcracker aggregates and integrates best-of-breed web-based applications and services from a variety of providers into a single, secure and scalable platform, giving customers the flexibility to select the services that work best for them. Jamcracker monitors, manages and supports service level agreements for multiple vendors, giving customers a single point of accountability for web-based IT services on a local, regional, national and global basis. These services are available around the clock, through a single sign-on, secure service delivery workspace. Jamcracker, founded in 1999, is based in Sunnyvale, Calif.

About Counterpane

Counterpane Internet Security, Inc. was established in 1999 by entrepreneurial expert, Tom Rowley, and security technologist and author, Bruce Schneier, to address the critical need for increased levels of security services. Centered around a network of sophisticated Secure Operations Centers, staffed by expert security analysts, the Company provides 24/7 monitoring, as well as penetration detection, and response. Counterpane's Managed Security Monitoring services enable e-business to be conducted safely. The company is funded by Accel Partners, Amerindo Investment Advisors, Inc., Bessemer Venture Partners, Dell, Deutsche Bank, Goldman Sachs, and Morgan Stanley Dean Witter Equity Fund. Headquarters are located at 1090 La Avenida in Mountain View, California, USA. Phone: 650-404-2400, Fax: 650-903-0461, Website: www.counterpane.com.

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Counterpane is a trademark of Counterpane Internet Security, Inc. All other companies, brand names or products are trademarks or registered trademarks of their respective companies.

ADDENDUM

Counterpane Internet Business Model
Counterpane's business acquisition roadmap defines five different types of customers that, over time, will drive adoption of the Company's Managed Security Monitoring (MSM) service. New customers announced in recent months validate Counterpane's vision of how the market for its services will unfold.

• Internet Infrastructure Vendors: deliver critical networking, hosting, and managed services to customers who prefer to outsource some or all of their enterprises' e-business infrastructure
• Technology Platform Suppliers: those companies that offer web development tools to help organizations build their own Internet infrastructures
• Application Service Providers: companies that host mission-critical applications for customers that choose to focus on their core business strengths and expertise rather than dedicate resources to deploying and maintaining complex software
• Applications Developers: companies that produce a broad range of e-commerce and business-specific programs
• Enterprises: include end-user customers who want to enhance their security infrastructure with Counterpane's MSM service without devoting significant internal resources to achieve a comparable level of security