Flamenco Networks Names New President and CEO.

Business Editors/High-Tech Writers

ATLANTA--(BUSINESS WIRE)--April 28, 2003

Ralph Calistri Brings More Than 20 Years of Software and Infrastructure Experience to Rapidly Growing Web Services Management Company

Flamenco Networks, a leading provider of Web Services Management (WSM)

solutions announced today that Ralph Calistri has joined the company as president and chief executive officer. Founder Dave Spicer, who had served as CEO, will now focus his full attention on the role of chief technology officer. James Davis, former president and COO has been appointed chairman.

Calistri comes to Flamenco with more than 20 years experience in software and Internet infrastructure companies, has led two successful start-ups, and is a veteran of some of the world's most well-known technology companies including Nortel Networks, Bay Networks, Digital Equipment Corporation and Xerox. He will provide strategic direction and manage Flamenco's day-to-day operations while being responsible for overall company growth.

"We are delighted to have Ralph join the Flamenco team," says Spicer. "When we formed Flamenco Networks, one of my primary goals was to get us to a point in our growth where we could attract someone of Ralph's caliber to manage and continue to grow the company, and it feels great to have reached that milestone."

Calistri most recently served as CEO of Remoteability, Inc. and prior to that, as CEO of PixStream Video Networking where he managed PixStream's growth and subsequent acquisition by networking giant, Cisco Systems. Calistri's sales, management and marketing skills have been honed by years of successful experience with Nortel Networks where he served as vice president and general manager of the Americas and as vice president of operations for Bay Networks.

"Enterprises are quickly realizing that Web services will generate some of the most significant business benefits that we've seen from any technology in recent years. As more companies implement Web services, the demand for management solutions like the Flamenco WSM is increasing rapidly," says Calistri. "Flamenco Networks is a leader in the Web Services Management market and is well-positioned to succeed, so I'm very excited to be joining the company at this stage."

Calistri earned a Bachelor's degree in Psychology with minors in Chemistry and Biology from Richmond College, earned his masters in Psychology at Long Island University and has completed two years of a Ph.D in Psychology at Steven's Institute.

Web Services Management (WSM) solutions give IT organizations complete visibility and control over SOAP messages both inside their companies and among enterprises. Flamenco WSM Enterprise Edition is software available to companies that want to own and operate their own WSM solution. Flamenco WSM On-Demand is a managed service for companies that want to outsource Web Services infrastructure. Flamenco WSM SP Edition software allows network services providers to offer managed WSM solutions to their customers.

About Flamenco Networks

Flamenco Networks is a leading provider of Web Services Management solutions. Flamenco's patent-pending "heartbeat" architecture makes it possible to non-invasively secure, monitor, provision, and manage Web services-based transactions behind and across firewalls. Customers include enterprise users and network services providers such as McKesson Information Solutions and British Telecommunications. To find out more, visit Flamenco Networks on the World Wide Web at www.flamenconetworks.com. Flamenco Networks--Turning WS-promises into WS-benefits.

Editors Note: Flamenco Networks and the Flamenco logo are trademarks of Flamenco Networks, Inc. Flamenco is a registered trademark of Flamenco Networks, Inc. All other trademarks, company and product names are recognized as proprietary to their owners.