ENITION ANNOUNCES $15 MILLION-INVESTMENT FROM SOFTBANK EUROPE VENTURES, NOKIA VENTURE PARTNERS, CISCO, REUTERS GREENHOUSE FUND, AND GALILEO PARTNERS, COMPLETING ONE OF EUROPE’S LARGEST ROUNDS OF FUND RAISING THIS YEAR

Paris — September 11, 2001 - Enition, provider of a secure, scalable, network-based technology called NetToll™ that enables the valuation, sale and settlement of content among business partners over the Internet, announced today a $15 million second round of financing.

This investment, led by SOFTBANK Europe Ventures with Nokia Venture Partners, with Enition’s original venture investors Cisco Systems, rvc | greenhouse fund, and Galileo Partners participating, will provide Enition with the resources to market NetToll™ globally.

The Enition NetToll™ monetization platform, launched in April 2001, enables content providers, content distributors and fixed or mobile network service providers to seamlessly price and sell their digital content and services. Secure and scalable, NetToll™ enables business partners to set up a content value chain that ensures compensation for the provision and consumption of content, using multiple business models and exchange rules.

Enition software underlies billing and mediation applications, helping content and service providers target the most appropriate business models — subscription, pay-per-use, or indirect revenue. Transparent to the end-user (no wallet, no plug-in, no cookies), NetToll™ measures the usage of digital content and services based on time, volume, or access using ‘tokens’ which are embedded in the IP transport layer.

Markets which will immediately benefit from the Enition technology include business information services, entertainment, e-learning, ASP services and digital storage, among others. By incorporating NetToll™ into their IP infrastructure, they will be offering value-exchange capabilities, creating a significant amount of additional profitability opportunities.

James Stuart, Managing Director of SOFTBANK Europe Ventures affirms: "We believe that NetToll™ will be a highly successful global monetization solution because it addresses a significant need in the market. NetToll™ opens the way for new business models by facilitating billing directly linked to actual usage of digital content and services, while also assuring reconciliation and settlement among business partners."

Enition’s patented solution inserts and extracts the digital ‘tokens’ directly into the flow of data on the network. This automatically generates a time, volume or access-based record of how much digital content was accessed. These identical, aggregated session records are generated by both service provider and content provider. In this way, Enition’s highly scalable software facilitates settlement and reconciliation in a virtually infinite number of multilateral partnerships — something that is not feasible with contemporary logging and tracking solutions due to the resource-intensive and altogether cumbersome process of analyzing log files. Enition has a flexible core technology that allows total and on-going customization of business models based on usage, across any type of network access (analog, broadband, wireless, etc.).

John Gardner, Partner of Nokia Venture Partners declares: "We are very excited to be a part of this ambitious project. Having already attracted sharp interest among major telecom operators in its enabling technology, we believe NetToll™ is destined to become one of the major components of the Internet ecosystem (operators, ISPs, ASPs, hosts, and content suppliers and integrators, as well as developers of billing and mediation systems) and one of the cornerstones of the Internet business infrastructure, especially for the mobile Internet.”

According to Marc Goldberg, Partner of rvc | greenhouse fund: "ENITION technology is poised to become a fundamental capability of the next generation of the Internet that will ensure the security, accuracy, and simplicity of the payment for information and services. Enition is one of the key investments in our network infrastructure portfolio, and we are thrilled by the rapid progress of the company.”

"This capital injection will give Enition's development a tremendous push, especially for our expansion in Europe, North America and Asia," comments Normand Tremblay, President of Enition. "Above and beyond the purely financial aspect, the qualitative contribution of such prestigious investors as SOFTBANK and Nokia Venture Partners and the renewed commitment of Cisco, Reuters, and Galileo reinforces Enition's goal to make NetToll™ one of the Internet's major standards. Their extensive market experience is of real benefit to Enition and their involvement with us confirms and consolidates the relevance of our vision.”

About SOFTBANK Europe Ventures
SOFTBANK Europe Ventures (SBEV) is a $600 million venture capital fund, focusing on early-stage technology companies across Europe and Israel. SOFTBANK Europe Ventures' goal is to partner with the most promising entrepreneurs to help build world-class companies. The fund is managed through its offices in Paris, London and Munich. SBEV is part of SOFTBANK CORP, one of the world's leaders in technology, with holdings in more than 600 companies globally. SBEV brings its portfolio companies the benefits of its active hands-on approach, as well as SOFTBANK's international network of companies, contacts and partners. For more information, please visit www.softbank.com.

About Nokia Venture Partners
Nokia Venture Partners is a leading global venture capital firm based in Menlo Park, California. Launched in 1998, Nokia Venture Partners has USD$650 million under management and leads investments in early stage mobile technology companies around the world. The fund is backed by a number of limited partners including BMC Software, CDBWebTech, Goldman Sachs, Nokia, and others, and has a strong track record of leveraging its combined resources, experience and contacts to help build successful mobile businesses. The firm also has offices in Washington DC, London and Helsinki. For more information, visit www.nokiaventurepartners.com.

About rvc | greenhouse fund
RVC (www.rvc.com) is a global fund management and venture capital company with offices in London, San Francisco and Palo Alto. RVC invests in private companies developing software infrastructure and following its spin out from Reuters is the exclusive manager of the Reuters Greenhouse Fund. RVC is an active investor that helps portfolio companies develop through its exclusive network of technology leaders and entrepreneurs, and its strategic partnership with Reuters. Since 1995, the partnership has invested in a number of technology leaders including Yahoo!, Phone.com (Openwave), Verisign, Speechworks, Orchestream, InterTrust and Digimarc.

About Galileo Partners
Founded in 1989, Galileo Partners manages over €350 million of private equity capital from institutional investors such as HarbourVest Partners, Goldman Sachs, GIMV, GIC, VCM, Vontobel, Kleinwort Benson & Hambros, AXA. Galileo focuses on early-stage investments in the areas of software, new media, communications, Internet infrastructure and services. Galileo provides more than capital to portfolio companies : it contributes its collective operational experience and network of contacts in the IT industry. Galileo’s philosophy is to work closely with entrepreneurs and help them build outstanding companies. For additional information visit www.galileo.fr.

About Enition
Enition was founded in 1999 and is headquartered Issy-Les-Moulineaux, France with offices in Mountain View, California. Enition provides a secure, scalable, network-based technology called NetTollTM that enables the valuation, sale and settlement of content among business partners over the Internet. Enition’s investors include SOFTBANK Europe Ventures, Nokia Venture Partners, Cisco Systems, rvc | greenhouse fund, and Galileo Partners. The management team includes management and development veterans from Alcatel, Bell Canada, MatraNet, Nortel Networks and Sun Microsystems Inc. For more information, please visit Enition on the Web at www.enition.com.