Press Release

Appfluent Technology Closes $4 Million in Series A Funding
Updata Partners Leads Investment to Drive Rapid Growth

Rockville, MD – April 4, 2005 - Appfluent Technology, Inc. the leader in query performance and data usage software, designed to help large IT organizations improve performance of Business Intelligence (BI) and enterprise applications, reduce the number of databases they maintain and quickly deploy new applications, today announced that it has raised $4.1 million in a Series A round of venture capital financing. The round was led by Updata Partners, with participation from New Markets Growth Fund.

As part of this investment, Tim Meyers , General Partner at Updata Partners, and Sol Suberi, CEO of TriActive Corporation will join Appfluent’s board of directors. Mr. Meyers brings several years of experience managing public and private investments in technology companies including Proxicom (bought by Dimension Data), Image Communications (bought by iXL). Mr. Suberi brings a decade of experience leading companies focused on systems management. Previously he was CEO and chairman of The Kernel Group (acquired by Veritas Software) and president of Systems Management Solutions, Inc. (SMS), before the company was acquired by Platinum Technology (later acquired by Computer Associates).

“At a time when many companies are focused on optimizing their IT investments, we believe there is an enormous growth market for solutions that enable latent capabilities within existing IT systems,” said Tim Meyers , General Partner, Updata Partners.  “Appfluent is addressing critical challenges faced by large IT organizations and the company’s team, vision, impressive customer traction and scalable architecture are a formula for success.”

Appfluent’s products provide instant query performance and data usage metrics without intrusive agents or performance overhead. By analyzing query performance and data usage information across business intelligence, data warehouse and enterprise applications, Appfluent empowers IT professionals with insights to improve application performance, consolidate databases, test and deploy enterprise applications more quickly and cost effectively.

“Our diligence verified that Appfluent’s technology alleviated several substantial pain points experienced by a majority of Fortune 1000 enterprises” said Robb Doub, Managing Director, New Markets Growth Fund.

“Attracting an investors of the caliber of Updata and New Markets is strong validation of Appfluent’s strategy and customer acceptance,” said Frank Gelbart , CEO of Appfluent. “Our recent customer wins at Fortune 100 companies are proof that Appfluent is fast becoming the industry’s leading choice for query performance and data usage monitoring. Our scalable, application-independent, query and data management platform is helping major companies significantly reduce the cost and complexity of deploying and managing business intelligence, data warehouse and enterprise applications. We are excited about working with Updata and welcome Tim Meyers and Sol Suberi to the Appfluent team.”

About Appfluent Technology

Appfluent Technology is the leading provider of data usage and query performance software designed to help IT organizations improve performance of Business Intelligence (BI) and enterprise applications, reduce the number of databases they maintain and quickly deploy new applications. Appfluent provides a suite of products that clean up and consolidate data, optimize query performance based on usage, and rapidly analyze applications for both test and production environments. For more information about Appfluent Technology, please visit www.appfluent.com.

About Updata Partners

Based in Reston , Va. and Red Bank, N.J., Updata Partners is a venture capital and private equity firm that focuses its investments in early and growth stage firms with innovative information technology software and software-based services.  Led by a well-connected senior investment team with a strong balance of operating and investing experience, Updata Partners effectively addresses challenges faced by entrepreneurs.  The firm also selectively provides recapitalization and management buyout financing for information technology businesses. Updata Partners is an affiliate of Updata Capital, Inc., a leading investment bank specializing in mergers and acquisitions for the IT industry.  For more information about Updata Partners, please visit www.updata.com.

About New Markets Growth Fund

The New Markets Growth Fund is a separate legal entity initiated by the Dingman Center for Entrepreneurship. As one of the first and leading entrepreneurial centers in the nation, the Dingman Center for Entrepreneurship at the Robert H. Smith School of Business, University of Maryland , College Park , is dedicated to empowering entrepreneurs by facilitating, supporting and guiding new enterprise growth in the Mid-Atlantic region through professional services, academic programming and outreach alliances and events. To learn more about the Dingman Center for Entrepreneurship, visit the website at: www.rhsmith.umd.edu/dingman or call 301-405-9545.