MetraTech Corp. Completes $7.5 Million Funding Round

Boston, MA, November 16, 2004 — MetraTech® Corp, the leading provider of Web Services-based billing, customer self-care, and partner management solutions today announced $7.5 million of new equity investment from prominent U.S. venture investors led by Meritech Capital, Accel Partners and Vesbridge Partners.

"The proceeds of this financing will be used to expand our sales distribution capabilities, extend MetraTech's global presence and for general corporate purposes" said Scott Swartz, President and CEO.

MetraTech is located in the technology region outside Boston Massachusetts, USA and counts among its prominent customers Swisscom Eurospot, MCI, Microsoft, Premiere Conferencing and BT Conferencing. MetraNet®, with its advanced Web Services based Billing software solutions has been successfully deployed globally, empowering customers to generate bills in 9 languages, 17 currencies and 52 countries across 5 continents!

About MetraTech
MetraTech Corp. provides the leading Web Services-based solution for billing, customer self-care, and partner management. MetraTech's modular flagship platform MetraNet®, empowers customers to invent new business models and enhance collaboration between IT, business groups and subscribers. MetraNet has a proven track record of helping customers reduce costs, increase revenues and reduce their time-to-revenue for new service offerings. MetraTech offers a variety of delivery options ranging from licensing to outsourcing. Based in Boston, MA, MetraTech has offices in San Francisco, Germany and London. For more information, please visit www.metratech.com.

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