Syndera Wins Investor's Choice Aware at Enterprise Outlook 2004

Operational Intelligence Company Judged "Most Likely to Succeed"

REDWOOD CITY, CA - June 10, 2004 - Syndera Corporation, an early stage software company that provides an Operational Intelligence solution, today announced that it has been named a winner of the Investors' Choice award at Enterprise Outlook 2004, a private equity conference for the enterprise software market held last week in Redwood City, California. Enterprise Outlook is produced by VentureWire, a news service covering venture capital and high-tech startups that is published by Dow Jones Newswires. The Investors' Choice award is given to the ten companies, among 65 presenting at Enterprise Outlook, judged most likely to succeed.

"The Investors' Choice winners show strong potential to take advantage of emerging opportunities in the enterprise market," said Richard A. Shaffer, Editor-in-Chief of VentureWire.

"Syndera is honored to have been selected for an Investors' Choice award at Enterprise Outlook," said Prashant Gupta, founder, president and CEO of Syndera. "To have been selected from such an impressive group of start-ups confirms our belief that the industry is ready for a new type of solution, what we are calling 'Operational Intelligence.'"

Investors' Choice award winners were selected from the 65 privately-held companies that presented their business plans at the conference. The awards were based on voting by the audience of entrepreneurs, investors, and industry executives, as well as by a panel of experts, including John Balen, general partner, Canaan Partners; Peter Coleman, principal, equity research, Schwab Soundview Capital Markets; Dennis Rourke, partner, investment banking, America's Growth Capital; and Michael Skok, general partner, North Bridge Venture Partners.

Syndera is the provider of an Operational Intelligence solution that delivers actionable information to users in real-time so that they can make the right operational decisions at the right time. The Syndera solution employs innovative technology, which aligns business process activity with systems performance, to give users a holistic perspective - what we call "Operational Intelligence" - on the performance of operational processes. This enables more effective operational decision-making, which leads to increased revenues, reduced expenses, and higher customer satisfaction.

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About Syndera Corporation

Founded in late 2002, Syndera Corporation is a privately-held company headquartered in Redwood City, California. The company's management team is made up of seasoned software executives, who have been involved in eight start-up companies that grew into publicly-traded entities. For more information about Syndera, or to inquire about employment opportunities, please visit www.syndera.com.