January 6th, 2002

Wednesday January 9, 8:31 am Eastern Time
Press Release
SOURCE: Celarix, Inc.

Celarix Closes $17 Million In Additional Funding

Austin Ventures Leads Round And Validates Company's Impact In Supply Chain Event Management Space

CAMBRIDGE, Mass.--(BUSINESS WIRE)--Jan. 9, 2002--Celarix, Inc. (www.celarix.com), the leading provider of supply chain visibility and connectivity solutions, today announced it has raised $17 million in a mezzanine round of financing, led by Austin Ventures, one of the largest venture capital firms in the United States. Austin joins Celarix' existing investors, who also participated in this latest round of funding, to bring the total investment in Celarix to more than $75 million.

In addition to Austin Ventures, all of Celarix' investors, including Charles River Ventures, JP Morgan Partners, TL Ventures, Integral Capital Partners and Technology Crossover Ventures, funded this round because of their continued confidence in Celarix' business model, its experienced management team, proven success with customers, and continuous achievements with meeting financial and operational goals. Celarix will use the funding for operations and further product development, while expecting to achieve break-even in the next six months.

``Our decision to lead this investment was based largely on the rapid growth of the Supply Chain Event Management space, the differentiated positioning of the company as a network-based solution provider, the company's progress with existing customers and its proven success with new customers,'' said Ross Cockrell, general partner for Austin Ventures. ``We think Celarix is the leading vendor in this space. Celarix has a very compelling value proposition and we view the company as a very strong addition to our portfolio.''

``We have experienced rapid growth in our customer base and revenue since the company's inception in 1998 by focusing on performance improvement opportunities in the extended supply chain. Our investors have demonstrated tremendous confidence in our accomplishments and our dedication to providing significant return on investment for every customer,'' said Jim Daniell, CEO for Celarix. ``In a challenging economy, this funding is the ultimate validation of our business model.''

About Celarix

Based in Cambridge, Mass., Celarix is the leading provider of supply chain visibility and connectivity solutions for Global 2000 companies striving to realize performance improvements beyond the ``four walls'' of their enterprise. Celarix solutions enable customers, including Agilent Technologies, Sharp Electronics, Lowe's, Abercrombie & Fitch, and TruServ, to quickly realize new supply chain performance improvements through faster cycle times, lower inventory costs and more predictable delivery.