Press Release

ENTUITY SECURES $8.5 MILLION IN THIRD ROUND OF FUNDING FOLLOWING RECORD SECOND QUARTER

NEW YORK, NY – July 22, 2002 - Entuity, Inc., a technology pioneer in IT infrastructure management software, today announced it has secured $8.5 million in third round funding. New investors include Mitsubishi Corporation and Gartmore Investment Limited. The infusion of capital follows Entuity's strongest sales period to date with the closing of the second quarter of 2002. Mitsubishi and Gartmore join a list of prominent Entuity investors already including LMS Capital, Amadeus Capital Partners, and Spectrum Equity Investors.

In other news, the company has introduced version 2.7 of its acclaimed IT infrastructure management product, Eye of the Storm. The information synergies derived from fully unified fault, performance and inventory management create a solution focused on the mission critical issues of optimizing IT assets and improving service delivery, while delivering the market's lowest total cost of ownership and industry-leading ROI. The latest version includes a groundbreaking extensible architecture, StormWorks®, for building configuration files allowing for rapid adoption of new infrastructure technologies (see press release "Entuity Adds New Architecture To Eye Of The Storm" distributed today on BusinessWire).

"While other companies try to survive, Entuity's momentum builds. They have the product innovation, business model and personnel to continue this growth. Furthermore, we are confident they are in the best position to capitalize on an economic upswing and emerge as the clear leader in infrastructure management software," said Christoffel van Wyk, of Mitsubishi Corporation.

"Entuity is an innovator and their latest version of Eye of the Storm is again out-front in defining network management," said John McConnell, principal of industry analyst firm McConnell Associates. "They have bridged the functionality and cost gap between platforms and out-of-the-box, point solutions. Their new StormWorks architecture will underpin future versions. All the pieces - vision, product, management, funding - are in place for Entuity to have a bright future."

Eye of the Storm 2.7 is a cornerstone suite unifying fault, performance and inventory management in a single, integrated package. The solution is highly regarded for its detailed reporting and robust device and inventory management. The holistic approach of performance and inventory data gathering enables true IT infrastructure resource management, while combined fault and performance monitoring delivers heightened service levels -- an area of particular concern for IT managers facing decreased NOC staffing and budget. "We consider Mitsubishi and Gartmore's support, and our recent record quarter, an endorsement of this company and its potential," said Gerry O'Connell, CEO of Entuity. "Despite a challenging economy, we have been able to adhere to our strategy, and as a result, we are well-positioned to continue to grow and shape the future of IT infrastructure management."

About Entuity
Entuity is a leading provider of network management and service delivery solutions.  The Company’s Eye of the Storm (EYE) software suite automatically discovers and captures unrivalled network data and analytics, and provides integrated fault, device and flow-based performance management capabilities that help businesses reduce network downtime, commit to, deliver and prove service level commitments, and ensure network configuration compliance.

Winner of numerous industry and business awards in the last year, EYE has been praised for its fast deployment, ease of use, and low cost of ownership. Entuity customers include enterprises, SIs, and MSPs such as ABB, Amtrak, Astra Zeneca, BMC Software, Deutsche Bank, IBM Global Services, The Royal Bank of Scotland, Sony, Visteon, and the Williams Companies. For more information on Entuity, please visit www.entuity.com or call +1.718.261.3440 (North America) or +44 (0) 20 7444 4800 (Europe).

Entuity and Eye of the Storm are registered trademarks of Entuity, Ltd. All other marks and names mentioned herein may be trademarks or registered trademarks of their respective companies.