ENTERTAINMENT

NEW YORK – February 5, 2002 – DataSynapse, an emerging leader in high performance distributed applications solutions, and recent recipient of the Risk Waters’ “2002 Software of the Year” award, today announced the hiring of Frank Cicio as Chief Operating Officer. With 24 years of technology sales, marketing and management experience, Mr. Cicio has developed a strong track record of building high growth businesses, as well as spearheading aggressive fundraising and the expansion of company activities across multiple industries globally. At DataSynapse, Mr. Cicio will be charged with building DataSynapse into a leading market share position, a role that encompasses the management of the day-to-day operations while maximizing productivity across all business areas. “Due to the phenomenal growth of the company over the past year, we saw it was essential to build out our current executive team as we explore new markets for our technology,” states Peter Lee, CEO of DataSynapse. “The key to continued, strategic growth starts with sound leadership and direction. Frank Cicio embodies the skill and drive we were searching for to continue this success in our current and future markets.” "DataSynapse, leader in the PtoP Application Resource Management space, provides two key enablers with our solution; optimize network resources by distributing applications to underutilized assets real-time, and by leveraging the vast power of our clients investments-improve application performance by an order of magnitude with very little integration and deployment effort,” said Cicio. “DataSynapse has emerged as the definitive leader and innovator of this technology in the financial services and energy applications markets. I look forward to being a part of our company’s great team and helping drive DataSynapse’s continued success and growth as we expand to new and exciting markets.” Prior to DataSynapse, Mr. Cicio served as senior vice president and general manager of Trade Stream at Optum where he was responsible for product development, marketing, communications, business development and integration services. Most notably, Mr. Cicio was responsible for creating TradeStream and repositioning the company as an emerging leader in cross-enterprise trade. He also helped the company close one of their largest application deals with Lucent Technologies as well as the securing of $25 million in funding from UBS, Cornerstone Equity, Insight Capital and Oak Investments. Prior to joining Optum, Mr. Cicio served in various senior managerial positions at Icon Corp (acquired by Qwest Communications), LogicWorks (IPO), Bachman, and MAI Business Systems. Mr. Cicio was also recruited to InSight Capital Partners where he served as a venture partner on prospective investments for portfolio companies. Additionally, Mr. Cicio joined the boards of Open Service and TV Objects to help re-position their products and company growth strategies. Mr. Cicio has also worked with GEO Capital (previously with Broadview Associates) in an advisory capacity for portfolio companies and advised companies such as Milky Way Corporation on growth and increasing market share. Mr. Cicio also holds a BS from Manhattan College and has done postgraduate work at both Princeton University and The University of Pennsylvania’s Wharton School of Business. For more information visit www.datasynapse.com