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Technology Stocks : Exodus Communications, Inc. (EXDS) -- Ignore unavailable to you. Want to Upgrade?

To: JLIHAI who wrote (576)	6/7/1999 10:44:00 AM
From: William F. Wager, Jr.	Read Replies (2) \| Respond to of 3664

Netscape, Exodus and Scient Executives Invest in Promising Start-Up PALO ALTO, Calif., June 7 /PRNewswire/ -- Responsys.com, a leading web application service provider that enables permission marketing on the Internet, today announced the appointment of Jim Lodestro to its management team as vice president of sales. Lodestro was most recently vice president of channel sales at Hyperion Solutions Corporation (Nasdaq: HYSL). Responsys.com also announced today that several leading Internet executives have invested in the company. These individual investors include Mike Homer, a senior vice president at Netscape Communications Corporation, which was recently acquired by America Online, Inc., (NYSE: AOL); B.V. Jagdeesh, co-founder and CTO of Exodus Communications, Inc. (Nasdaq: EXDS); Chris Lochhead, chief marketing officer at Scient (Nasdaq: SCNT); and Skip Glass, partner at Weiss Peck and Greer and former senior vice president for strategic partnerships at Netscape. Jim Lodestro brings a wealth of sales experience to Responsys.com having previously held the position as vice president of worldwide channel sales, at Hyperion. Prior to that position he was responsible for western region and channel sales at Arbor Software, where he was also the company's first sales person. In August of 1998, Arbor Software and Hyperion Software Corporation merged, forming what is today the world's leading provider of analytic application software. Lodestro holds an MBA in Finance from Babson College in Wellesley, Massachusetts and a BA in History from the University of Rochester. Lodestro will be responsible for the overall development and management of worldwide sales, distribution and services at Responsys.com, including professional services and training. "Responsys.com will benefit tremendously from Jim's vast experience and proven success in building world-class companies with category leadership," said Anand Jagannathan, president and CEO of Responsys.com. "Jim helped build such leadership at Arbor Software which defined and owned the on-line analytic processing, or OLAP category. This makes him an ideal choice to lead Responsys.com's sales and partnership efforts, to propel the company to its next level of growth." Mike Homer, B.V. Jagdeesh, Chris Lochhead and Skip Glass join Accel Partners, Foundation Capital and Sabeer Bhatia, the founder of Hotmail, as investors in the company. Responsys.com completed its initial private round of financing with Accel Partners and Foundation Capital in December, 1998. "We are both excited and honored to have these successful Internet executives as investors in Responsys.com," said Jagannathan. "The decision to invest in us by these Internet thought leaders is further testament to not only our vision and execution, but also to the dire need for a cost-effective solution for permission-marketing on the Internet." Launched in March 1999, Responsys.com has become a category leader in the emerging market of web application services designed to make it easy and affordable for e-companies to establish and maintain a continuous personal relationship with their customers and prospects. The company's first product, Responsys Interact(TM) uses permission-marketing techniques to provide online- retailers and corporations the ability to create, run and monitor highly personalized web marketing campaigns. About Responsys.com Responsys.com is a leading web application service provider that has developed a revolutionary platform that enables e-commerce companies to effectively interact with and retain customers on the Internet. Privately held, Responsys.com is based in Palo Alto, California. Institutional investors include Accel Partners and Foundation Capital. Private investors include several executives of leading Internet-based companies. For more information contact Responsys.com at www.responsys.com (650) 858-7400 or by sending e-mail to info@responsys.com. SOURCE Responsys.com -0- 06/07/99 --Bill