Citadon Announces the Appointment of Michael Wallach as Executive Vice President of Sales

Former Oracle and Network Associates Executive Brings More Than 20 Years of Worldwide Sales, Operations, and Business Development Success to Accelerate Citadon Leadership in Solutions for Collaboration and Content-Process Fusion

San Francisco, California - October 8, 2004 - Citadon, the leader in integrated Web-based collaboration, document management and business process management solutions, today announced the appointment of Michael Wallach as Executive Vice President of Sales for Americas and Asia-Pacific. Prior to Citadon Mr. Wallach served in senior management positions at Oracle Corporation and Network Associates where he was instrumental to the success of several new, high-growth business divisions.

"Mike brings to Citadon a tremendous track record of success and experience across a wide range of industry verticals and new solution categories," said Howard Koenig, president and CEO of Citadon. "His background, and proven ability to drive growth, are going to be key factors in helping Citadon extend our leadership with our new solutions for Content-Process Fusion, and to exploit other significant opportunities in new markets."

"Citadon is the right company with the right product and the right business model at the right time. Organizations of all sizes, across multiple industries, are recognizing the critical need to take an integrated, process-oriented approach to collaboration and document management," said Mr. Wallach. "Citadon is a well established leader, and is unique in offering customers the flexibility of on-demand, 'no software' ASP solutions, as well as integrated software and services, for organizations that require a 'behind the firewall' approach."

Mr. Wallach brings to Citadon more than 20 years of enterprise software sales and business development experience. At Network Associates, Mr. Wallach served as Senior Vice President of Sales for the Americas region, before being promoted to President of their new Security Business Unit. Both of these divisions experienced significant growth under his leadership.

Over a successful nine-year span at Oracle Corporation, Mr. Wallach was instrumental in establishing and building the Telecom and Utility vertical sales organization, and launching Oracle's new application software business. Under his leadership, both organizations enjoyed significant revenue growth.

Mr. Wallach has built sales and services teams at several software start-ups - most recently as Senior Vice President of Global Field Operations for Seven Networks. Prior experience includes sales and management positions at McCormack and Dodge, Control Data and Hewlett Packard.

Mr. Wallach holds a Bachelor's degree in physics from the University of Colorado.

About Citadon

Citadon is an award-winning provider of on-demand Collaboration and Business Process Management solutions for distributed and project-oriented organizations. Citadon provides web-based solutions that enable customers and their constituents to seamlessly share and manage a wide variety of document types, automate and propagate complex business processes, collaborate and communicate without barriers while providing a mechanism for capturing and leveraging knowledge. Citadon has recently released industry-specific solutions for several key markets.

Most recently, Citadon was recognized as one of the 100 Fastest Growing Private Companies. In September 2004 Citadon solutions, including Velocity, Collaboration Workspace and ProjectNet, were nominated in six categories of the 2005 annual SIIA Codie Awards.

Today more than 60,000 subscribers in over 60 countries rely on Citadon to deliver business-critical automation and management. Current Citadon customers include Shell Oil Products, Transport for London, Bechtel Group, Chicago Transit Authority, GM, Alcoa, ICA Fluor, Ameren, Parsons Iraq Joint Venture and Novo Nordisk Engineering. For more information, please visit: www.citadon.com.

Media Contact:

Citadon, San Francisco
Russell Shelton - 415-216-2648
Email Contact



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