Hubspan Receives Funding

Hubspan Receives Funding From Accenture Technology Ventures, Intel Capital and Seapoint Ventures

Jack Wilson of Accenture Techcnology Ventures Joins Hubspan Board of Directors

KIRKLAND, Wash. (December 18, 2000) – HubspanT, an e-business infrastructure
provider, has secured funding from the venture capital unit of Accenture Technology
Ventures, Intel Capital and Seapoint Ventures, the company announced today. Hubspan
also announced Jack Wilson, managing general partner of Accenture Technology
Ventures, will join the board of directors.

Hubspan is a hosted service for connecting businesses to online B2B exchanges,
marketplaces and private buyer networks. The company will use the funding for research
and development, marketing and building out its sales and business development
organization.

“Hubspan is in an ideal position to address the business objectives of suppliers who want
access to new e-business channels and technologies,” Wilson said. “Hubspan’s solution
provides the market access, expertise, resources and to the scalability to tackle this
immense connectivity challenge.

“Analysts estimate that more than $10 trillion in business transactions will pass over the
Internet within the next few years, yet suppliers have been largely ignored when it comes
to adapting their infrastructures to support the systems used by the various online
procurement channels. We believe Hubspan can not only help get these suppliers to
market faster, but also help them decrease costs and reduce the risk of investments in
specific channels or technologies,” Wilson added.

The company’s connectivity solutions help bridge the communication barriers and
technology gaps between business partners, as well as provide the infrastructure to enable
full supply chain collaboration. Through one connection to the Hubspan service,
businesses can reach any trading partner quickly and cost effectively while also greatly
reducing the cost and impact of maintenance and change.

About Hubspan

Hubspan was founded by veterans in the e-procurement market with a vision of enabling
business partners to communicate regardless of their technology choices. Led by
seasoned professionals with expertise in business strategy, supply chain management, eprocurement
and XML technology, the Hubspan team includes the chief architect of
Microsoft’s MS Market, one of the first Internet procurement systems, and the founder
and CTO of 7Software, developers of an e-procurement system acquired by Concur
Technologies. More information on the company can be found at www.hubspan.com.

Hubspan and the Hubspan logo are trademarks of Hubspan, Inc.