MetraTech Corp. releases MetraNet v5.0

Waltham, Massachusetts June 8, 2006 — MetraTech Corp., the leader in Web Service oriented solutions for billing, customer self-care, and partner management, has announced the release of version 5.0 of MetraNet, the company’s flagship business support solution.

MetraNet 5.0 represents a revolution in business modeling. It supports complex customer and service relationships that the system user can tailor intuitively to match how business or governmental organizations organize themselves.  This is achieved by expanding meta-data to powerfully encompass meta-relationships.

Version 5.0 also increases MetraNet’s support of linear scalability – allowing customers, orders and events to grow predictably and seamlessly through the cost-effective addition of hardware.  In so doing, MetraNet 5.0 delivers on the promise of blade technology.

The new release also enhances MetraNet’s already market-leading application and systems operability and cost profile. Enhanced Billing Groups can now be tailored to the needs and resourcing of the Billing Operations Team – lowering operations costs, time-to-revenue, age of debt, and raising overall billing quality.

Doug Zone, chief technology officer, MetraTech Corp observes: “the great leap forward with version 5.0 is the flexibility of MetraNet’s data model. Because billing systems are generally fixed, where many of the systems with which they need to link (such as CRM) are based on flexible data models, the potential impact of the billing system is limited. With this release, the power of relational databases is genuinely unleashed.”

Scott Swartz, chief executive officer, MetraTech adds: “With MetraNet, we continue to push towards the frontiers of billing functionality. The dynamic billing groups, combined with the solution’s business process adapters, for instance, result in a business-driven engine that improves both operations and auditing procedures while simultaneously empowering the user to run billing in very individual ways.”

Two MetraNet users have already committed to deploying Version 5.0. TELUS, the largest telecommunications company in Western Canada and the second largest in the country and ACT, a publicly traded conferencing company with worldwide operations will both be upgrading to the enhanced solution.

about MetraTech
MetraTech Corp. provides the leading Web Services-based solution for billing, customer self-care, and partner management. MetraNet, MetraTech's modular flagship platform, empowers customers to invent new business models and enhance collaboration among IT, business groups and subscribers. MetraTech offers a variety of delivery options ranging from licensing to outsourcing. Headquartered in Boston, MetraTech has offices in San Francisco, Frankfurt, Paris and London. MetraTech is a venture-backed, privately held company whose investors include Accel Partners, Vesbridge Partners (formerly St. Paul Venture Capital), Meritech Capital, Bessemer Venture Partners and Lucent Venture Partners. For more information, please visit www.metratech.com.

MetraTech is a registered trademark, and the MetraTech logo is a trademark of MetraTech Corp. All rights reserved. All company, brand, product, and service names are trademarks or registered trademarks of their respective holders.

To arrange an interview with Doug Zone or Scott Swartz, please contact:

Contact Person: Sarah Bedwell
Company Name: Mustard PR.
Telephone: 44 (0) 8700 994 460
Email Address: sarah@mustardpr.com

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