AppWorx Corporation and UC4 Software to merge

BELLEVUE, Washington, and WOLFSGRABEN, Austria — March 27, 2007 — AppWorx Corporation and UC4 Software GmbH, today announced the signing of a definitive agreement to merge their organizations. The company, to be known as UC4 Software, will be the first truly global and independent provider of IT process automation and optimization solutions. The merger is anticipated to close within weeks. Financial details of the transaction were not disclosed.

UC4 provides enterprise job scheduling and data center automation through efficient management, monitoring and control of high volume workloads. AppWorx provides event-driven business application automation and batch integration technology that drives new levels of business process optimization. Their combination will create a global software company dedicated to helping businesses achieve new agility through innovative IT process automation and optimization solutions.

The combined entity of UC4 Software has over 1500 enterprise customers worldwide including Cadbury Schweppes, eBay, General Electric, New York Stock Exchange, Panasonic, Sun Microsystems and Symantec. With over 250 employees and offices across Europe, the United States and Australia, UC4 Software will be headquartered in Wolfsgraben, Austria.

Franz Beranek, founder and President of UC4 Software GmbH, will lead the new company as chief executive officer. Bill Wrenn, founder and chief executive officer of AppWorx Corporation, will take on the role of President of UC4 Software, Inc. and oversee all operations in the Americas and Asia Pacific.

“Job-scheduling requirements have changed from traditional date- and time-based scheduling to event-based scheduling. Integration with packaged and composite applications has become a requirement for end-to-end automation,” reports Milind Govekar, research vice president, Gartner Inc. in the Magic Quadrant for Job Scheduling, 2006. “To lower the total cost of ownership, while improving quality of service, enterprises need to choose a single tool that's capable of scheduling, managing dependencies and automating across a heterogeneous computing environment.”(1)

“We are excited about the merger with AppWorx, a company with a solid history of innovation, thought-leadership and exceptional technology,” said Franz Beranek. “Working together we offer business process management solutions that drive companies forward to greater application performance and operational efficiencies. Whether a utility generating customer bills or an Internet retailer needing to fulfill orders, there remain many critical IT activities that must be optimized if companies are to achieve the business agility needed to remain competitive in a world defined by rapid change and emerging technologies.”

“This is the right move for both companies,” said Bill Wrenn. “In merging our organizations, we now offer much greater core competencies, and are strongly positioned to more effectively serve our customers. Everyone will benefit from new collaboration in our research and development activities. We can extend our partnerships and alliances around the globe, leveraging existing relationships. We are confident these synergies will provide us with an outstanding foundation upon which to build an exceptional company.”

The Carlyle Group, a global private equity firm, which owns 80% of UC4 Software, has supported the merger with a follow-on investment in UC4. “The combination of UC4 Software and AppWorx will create the undisputed technology leader in the fast growing IT process automation market. The senior management team of both companies combines vision with experience and has our full backing in building the new organization into a global category leader,” said Michael Wand, Managing Director, The Carlyle Group.

About AppWorx Corporation
Established in 1990, AppWorx Corporation is a leading provider of application automation and batch integration technology that ensures co

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UC4 Software GmbH
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