MetraTech Corp. Builds for Growth by Expanding Sales Organization

London, November 22, 2004 — MetraTech® Corp, the leading provider of Web Services-based billing, customer self-care, and partner management solutions today announced that is has opened three new sales offices to support its sales growth and expanded customer base.

MetraTech’s new sales offices will be located in Frankfurt, Germany; Paris, France and San Francisco, USA.

"The investment in new regional offices will enable MetraTech to make the most of the explosive growth opportunities in our markets, and enhance our regional customer support capabilities," said Scott Swartz, MetraTech’s President and CEO.

MetraTech has hired Mr. Bruce Katzel as Regional Sales Director for the Northeast region of the US, based in the Company’s Boston office. Mr. Katzel comes to MetraTech from the Martin Group, where he was Northeast Regional Director, responsible for introducing new software solutions into the marketplace.

Dr. Harold Paredes-Frigolett has joined MetraTech as Sales Director for the EMEA region, based in the Company’s new Frankfurt office. Mr. Paredes-Frigolett comes to the company from Portal Software, where he held a number of sales, marketing and consulting positions.

Mr. Chakib Achour joins MetraTech as the Regional Sales Director for Southern Europe, based in the Company’s new Paris, France office. Mr. Achour was previously the Director of European Business Development and Strategic Alliances for Am-Beo and prior to Am-Beo, Mr. Achour held positions with Highdeal, Portal and IBM.

Mr. Vladimir Mitrasinovic has been promoted to Vice President of Global Sales and Business Development, and is based in the Company’s London, UK office. Through his vision and leadership, MetraTech has extended its presence in Europe, increased the EMEA customer base and developed a number of strategic channel partners. In this new role, Mr. Mitrasinovic will focus on MetraTech's worldwide growth plan and broaden the channel partnership program.

"This is an exciting time at MetraTech! We’re seeing significant growth in our markets, and now is the time to invest in our staff to capitalize on our increasing momentum and position as the leader in Web Services based Billing. These key new hires and promotion are the initial efforts in our plan to aggressively expand our sales efforts and take advantage of our technical leadership and award-winning products. The combined experience of these new sales executives will permit us to aggressively build sales, develop strategic partnerships, and further our growth efforts. We are very pleased to welcome Bruce, Chakib, Harold, and to congratulate Vlad on his promotion," concluded Swartz.

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 between IT, business groups and subscribers. MetraTech offers a variety of delivery options ranging from licensing to outsourcing. Based in Boston, MA, MetraTech has offices in San Francisco, New Delhi, Frankfort, 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.

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