Cyco Software Appoints Eric Bouwer as President and CEO

Industry Veteran Takes Over Leadership After Profitable Turnaround

RIJSWIJK, The Netherlands, July 10, 2002 - /PRNewswire/ -- Cyco Software, the leading provider of engineering document management (EDM) solutions for the departmental and divisional CAD and facilities management market, announced today that Eric Bouwer has been appointed to the position of President and CEO of the company. Bouwer will assume responsibilities from Martijn Janmaat, who led Cyco on an interim basis since May 2001.

Bouwer brings many years of executive management experience to Cyco Software. He drove successful sales and marketing initiatives with IT companies such as Stratus Computers and Intergraph Corporation in the early Nineties. After that Bouwer was named Managing Director of NCR Corporation for the company's North European service operation, creating business opportunities focused on market, product and value. Most recently, Bouwer was ICT Director with Stork, a large European engineering conglomerate.

Cyco Software has undergone a yearlong transition and organizational streamlining that has resulted in strong profit earnings for the first quarter of 2002. Under the interim leadership of Martijn Janmaat, the company has dramatically changed its business strategy to take advantage of emerging document management opportunities in the facilities management, process, utilities, telecom, and ERP/MRP markets with flagship solution AutoManager(R) Meridian. Cyco is also set to revive its existing installed base in the departmental PC-CAD environment with its workgroup solution, AutoManager(R) TeamWork.

Martijn Janmaat, departing interim CEO, said: "I have truly enjoyed working together with the Cyco team, our clients and partners in providing powerful, integrated document management solutions. Over the last year Cyco has built a very strong basis for significant and sustainable growth.

I am very confident that Eric Bouwer has the skills, drive and experience needed to lead Cyco Software during the next phase of rapid expansion."

"I am excited to take on this new challenge with Cyco," said Eric Bouwer. He continued: "All the ingredients are present to prepare this company for fast growth in the near future. We have the talent, customers, products, and a market that is about to boost."

About Cyco Software

As the worldwide leader and pioneer in departmental and divisional EDM, Cyco has almost two decades of industry experience with more than 15,000 clients and over 250,000 users in 50+ countries worldwide. Cyco's focus on simplicity, efficiency, price/performance, and understanding the specifics of customers' business needs drives its product innovation. Cyco has offices in the USA, UK, Germany, and The Netherlands and an extensive global network of established partners, which ensures a high level of service and support on a truly worldwide scale. AutoManager Meridian is Cyco's flagship product, which provides powerful, highly scalable document management solutions to corporate divisions and engineering departments.

Cyco's AutoManager TeamWork is simple, affordable, and complete document management for engineering workgroups of five to 30 users. Both products are fully compatible, offering flexible configuration and growth options from 5 to 100+ users in one or multiple locations.

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