Softricity Acquires Intellectual Property of Seaport Software to Extend Virtual Installation Technology http://www.softricity.com Purchase Includes Patent to Run Software on Windows Computers Without Installation Boston, MA. -- November 18, 2002 -- Today Softricity, Inc., developer of the SoftGrid? application deployment and management platform, announced that it has acquired the intellectual property of Seaport Software, Inc of Boston, MA. The acquisition bolsters Softricity?s patent portfolio, which protects systems that locally execute software ?on-demand? on Windows computers without the need for installation. By adding Seaport Software?s technology and intellectual property to Softricity?s application deployment and management solution, Softricity is now uniquely positioned to offer proprietary solutions that enable software to run on Windows desktops and terminal servers without being installed locally. Virtual installation is critical for providing applications on-demand, as it enables applications to be deployed and managed from a single location as a network service over LANs, WANs and the Internet. This eliminates the need to do installations on a machine-by-machine basis. This technology also enhances Citrix MetaFrame deployments, as it eliminates problems common to Terminal Services environments where multiple applications install different versions of files and settings on their host computer. This creates application conflicts and what is commonly known as ?DLL Hell.? ?Softricity now has the technology and intellectual property, as well as the partnerships to be the leader of the next-generation of on-demand application deployment and management, ? said Harry Ruda, CEO, Softricity. ?We are unique in being the only company who can now offer Windows applications that can execute ? but are never installed ? on desktops and terminal servers.? About Softricity Softricity Inc. develops products that allow its enterprise customers to reduce the cost of application administration and realize significant returns on their investment by enabling applications to be delivered as network services to thousands of computers from a single server. The company's flagship product, the Softricity SoftGrid Platform 2.0, eliminates the need for installing and updating applications on a machine-by-machine basis, simplifying the management and administration of Windows desktops and Windows Terminal Server. Softricity has a multiyear Strategic Alliance with Microsoft Corp. (Nasdaq "MSFT"), is a Microsoft Terminal Services Industry Partner and is a Premier Citrix (Nasdaq "CTXS") Business Alliance Member. More information can be found by visiting the Softricity Web site at www.softricity.com.