Celarix Acquires Management Dynamics, Inc.

Acquisition Extends Leadership  Position In the Market and Offers Comprehensive Solution to Transportation  Service Providers

Boston, Feb. 22,  2000--Celarix,  Inc., the leading provider of web-based transportation procurement and logistics  management services, today announced it has signed a definitive agreement to  acquire New Jersey-based Management Dynamics, Inc., a leading developer of  tariff and contract management software for ocean carriers. This acquisition  strengthens Celarix's lead in providing the first comprehensive, transportation  procurement and e-commerce solution offered to transportation service providers  in the industry.

"Actions speak much louder than words. By combining our existing  strengths with the capabilities and client base Management Dynamics has in  place, we have added extensive value for our service providers -- especially  those who realize the value of integrating outward-facing web applications with  back-office processes," said Evan Schumacher, CEO of Celarix, Inc. "Our strategy  is to deliver the most comprehensive and integrated Web-based solution that  serves both buyers and sellers in the transportation and logistics industries.  Joining forces with Management Dynamics is the first of several strategic moves  we plan to make in order to round out our services and address the needs both  shippers and service providers."

Management Dynamics was founded in 1984 and moved into a niche market as  an application service provider (ASP) offering tariff and contract management  software to ocean carriers in the early 1990s. Since then, the company has  become a leader in the industry and counts some of the world's largest ocean  carriers - including Maersk Sealand, Evergreen and Hamburg Sud - among its many  customers.

"We are excited to join forces with Celarix and have the opportunity to  offer a more comprehensive solution to our customers," said John Preuninger,  president of Management Dynamics. "Continuing to transform our service offering  into a more comprehensive Web-based format and addressing both sides of the  equation (carrier and shipper) as a total solution, we're breaking new ground in  the industry and promoting greater collaboration among the logistics and  transportation communities."

Celarix intends to operate Management Dynamics as a wholly-owned  subsidiary and retain all employees. The current office in New Jersey will serve  as the Celarix sales and customer service base for the Greater New York area and  continue to grow as Celarix continues to build its team. John and James  Preuninger will join Celarix as vice presidents, reporting to Evan Schumacher.  Integration of Management Dynamics' applications and services will begin  immediately and the comprehensive solution is currently available to customers.

Since its inception, Celarix has raised over $59 million in funding from  venture capital and private investors. Its last round, announced January 20, was  led by Chase H&Q, with additional funding from Technology Crossover  Ventures, Integral Capital Partners, Charles River Ventures, TL Ventures,  Comdisco and private investors.

About Celarix

Based in Boston, Mass., Celarix, Inc., was  founded in August 1998 by experts from the supply chain, logistics, technology  and transportation industries. Celarix provides shippers and transportation  service providers with comprehensive, integrated applications that combine the  ability to manage the procurement of transportation services and the logistics  process on-line. By uniting the power of web-hosted software applications with  the speed and accessibility of the Internet, Celarix empowers professionals  responsible for the logistics and transportation process to make informed  decisions with measurable results.

For more information on Celarix and its solutions, access the company's  Website at www.celarix.com. For editorial  information, contact Colleen Minton, public relations manager for Celarix, at  404/822-0276.