$14.3 MILLION PRIVATE FINANCING ROUND to ACCELERATE VIGNETTE's GROWTH ACROSS EUROPE and NORTH AMERICA Submitted By: Porter Novelli Ltd Wednesday, 20 May 1998

$14.3 MILLION PRIVATE FINANCING ROUND TO ACCELERATE VIGNETTE'S GROWTH ACROSS EUROPE AND NORTH AMERICA Submitted by: Porter Novelli Ltd Wednesday, 20 May 1998

Latest funding deal secures purchase of RandomNoise Inc. Technology Vignette Corporation, the leading Internet content management software developer, secures a substantial $14.3 million dollar financing deal, bringing the total capital invested in the company to $27.8 million. The funding will be used to expand Vignette's recently formed sales operations in Europe as well as North America and support the company's growth by acquisition. A sizeable portion of the funding will be used to expand Vignette's sales force in Europe and North America, says Ross Garber, CEO of Vignette. As Vignette transitions into a growth phase company, we are also embarking on an active strategy to further accelerate our growth by acquiring strategic technologies that complement our internal development efforts. The RandomNoise technologies will allow us to raise the bar even higher and dramatically improve the time-to-deployment and cost of ownership of our solutions, which are already two to five times better than our nearest competitor." Pany Christoforou, VP of Vignette Europe says "We are all excited by this investment as it allows us to speed our European growth and enable us to excel in this vibrant, new market." "Our data shows that the content management market is growing extremely quickly," says Adina Levin, senior consultant at CAP Ventures. "This funding announcement clearly shows the investment community's confidence in Vignette and in this emerging market. Further, Vignette is positioning itself well with this acquisition and its ongoing strategic and tactical moves, to be a major player in this market." New investors Goldman Sachs' private investment funds, Hambrecht & Quist and Amerindo join Vignette's existing investor syndicate to fund continued market expansion and technology acquisition. Existing investors include Austin Ventures, Sigma Partners, Charles Rivers Ventures, Adobe Ventures and Attractor Investment Management. This investment promises to catapult Vignette forward from start up to growth phase. Capital Investment Funds Purchase of RandomNoise, Inc. Vignette purchases RandomNoise, Inc., a San Francisco-based Web authoring tool company specialising in visual application development. RandomNoise's software, which allows users to build sophisticated Web sites without the need for programming, will be integrated into future releases of the Vignette product line. It will enable business managers and Internet professionals to rapidly build, manage and deliver service-based applications such as online publishing, customer self service and sophisticated e-commerce systems. About Vignette Corporation Vignette Corporation, the worldwide leader in Web content application systems, delivers solutions for companies that are building highly successful businesses on the World Wide Web. Vignette’s flagship

Page 1 product, StoryServer 3, enables companies to build, manage and deliver service-based applications such as online publishing, knowledge management and sophisticated e-commerce systems, resulting in accelerated and enhanced customer loyalty and retention. More than 80 premier companies, including Ziff-Davis’ ZDNet, First Chicago NBD, Bay Networks and CNET, use StoryServer 3 to serve a combined 25 million page views per day. StoryServer 3 has received five industry awards, including UPSIDE Magazine’s Hot Private Company in the Net Infrastructure Category. The company partners with 13 leading vendors in ad management, electronic commerce and personalization to provide comprehensive solutions for its customers. Headquartered in Austin, Texas, Vignette Corporation is on the World Wide Web at http:/www.vignette.com. The recently formed Vignette Europe is a wholly owned subsidiary of Vignette Corporation, which will provide full 24x7 service, training and support for its customers' mission critical StoryServer 3 solutions. Currently, operations have been opened in London, and offices in France and Germany will follow shortly. - ENDS - FOR FURTHER INFORMATION, REVIEW UNITS OR PHOTOS CONTACT: Lesley Stiles or Kate Abbotts, Fodor Wyllie Associates Tel: 0181 541 4082 Fax: 0181 541 1248 Email: [email protected] Rebekah Menezes, Vignette Europe Tel: 0181 387 4108 Fax: 0181 387 4046 Email: [email protected] http://www.vignette.com

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