Netsanity Announces Third-Round Funding

Redwood City, CA (September 7, 2000) - NetSanity, Inc., creators of Preference Management software solutions for wireless telecommunications carriers, today announced additional venture funding: part one of a $20 million Series C round. NetSanity will use the additional funding for product engineering and marketing. Lead investors were Argo Global Capital and Nokia Venture Partners.

NetSanity's Preference Management Engine represents a new generation of carrier grade server technology that allows wireless carriers to manage and deliver information across data-enabled devices-including PCs, Mobile Phones, Wireless PDAs and TV Set-top Boxes-according to the preferences of the end user.

"NetSanity's Preference Management Engine is the only solution of its kind," said Pascal Tremblay, Principal at Argo Global Capital. "Their leading edge preference management software and open XML publishing platform provide essential components of the wireless Internet infrastructure."

Mr. Tremblay will join NetSanity's Board of Directors, which includes Cofounders Robert Blechman and Fred Clarke, Peter Buhl of Nokia Ventures, Steve Katznelson of RG Internet Partners and Fred Hoar of Miller Shandwick Technologies.

"NetSanity has won the attention not just of Internet content providers, but of wireless service providers who want to use NetSanity's Preference Management Engine as key infrastructure for their mobile Internet solutions," said NetSanity President Rob Blechman. "We are thrilled to have the leading venture capital firms in the wireless Internet market as part of our team."

About Argo Global Capital, Inc.
Argo Global Capital Partners are the fund managers for GSM Capital and Argo II - the Wireless Internet Fund, one of the largest venture capital funds targeted exclusively at investing in companies in the wireless telecommunications and Internet industries. Investors in Argo Funds include some of the leading wireless carriers including France Telecom, Deutsche Telecom, Voicestream, Aerial, Omnipoint, ESAT Telecom, Singapore Telecom, Smartone, Microcell and the Telesystems Group. Argo's unique relationship with these carriers gives their portfolio companies significant advantages in marketing their products and services and gaining access to key decision-makers within these large carriers. The Argo management team is dedicated to working with each of their portfolio companies to deliver value both to the companies and their carrier partners. Argo is headquartered in Boston, and has offices in Montreal, Hong Kong and London.

About Nokia Venture Partners
Nokia Venture Partners is a leader in wireless investments. Nokia Corporation has committed US $150 million to the fund with the intent to gain exposure to markets and technologies beyond the reach of Nokia's current business unit strategies. Nokia Venture Partners seeks partnerships with leading edge wireless technology companies targeting high-growth market opportunities. Nokia Venture Partners has a strong track record of leveraging the firm's combined resources, experience and contacts to help build successful businesses. For more information, visit www.nokiaventurepartners.com.

About NetSanity
NetSanity is a leading provider of Preference Management software solutions for wireless carriers. NetSanity's Preferences Management Engine is a carrier grade server solution that allows wireless carriers to manage and deliver information across all data-enabled devices-including PCs, Mobile Phones, Wireless PDAs and TV Set-top Boxes -according to the preferences of the end user. NetSanity's Pebble™ XML publishing standard enables Internet companies to easily make their content available to a carrier's end-users. NetSanity has over seventy-five leading Internet content providers in their network. For more information, visit www.netsanity.com.