GemStone Systems Celebrates 20 Years of Service

Beaverton, OR - May 2, 2002 - GemStone Systems Inc, the leading provider of zero-latency performance software, is celebrating 20 years of service. GemStone Systems was founded in 1982 as Servio Logic, and then became GemStone Systems, Inc in 1995. GemStone developed its first prototype in 1982, and shipped its first product in 1986.

For the past two decades, GemStone has continued to develop object oriented performance software for industry-leading customers such as Florida Power & Light, IntercontinentalExchange, Inc., JPMorgan Chase, Orient Overseas Container Line, Progressive Insurance and Texas Instruments.

Three of the original co-founding engineers, Bob Bretl, Allen Otis and Monty Williams, have been with the company since its inception developing performance software to continue the founding mission of providing software that increases performance for business applications. GemStone's performance technologies include GemStone/S, Smalltalk server, and two Java™ products GemStone Facets, a performance accelerator for application servers; and GemFire, zero-latency performance software.

"Working at GemStone has afforded me a rewarding and challenging career, and the opportunity to work with some of the most talented engineers in the business, said Monty Williams, Director, Business Development at GemStone. "We've made great strides towards our founding mission, and I know we will continue to excel because of our superior technology and dedication to our customers."

"We are very proud to be among the few technology companies that have reached this milestone," said
Dan J. Ware, President and CEO of GemStone Systems." "We continue to be a profitable company because of our cutting-edge technology and talented employees, and we look forward to continue developing performance software over the next 20 years that will further help our customers turn their technology investments into a competitive advantage."

GemStone launched as a new company last August after Brokat Technologies purchased the company in 2000 and then divested in 2001. At that time, the original investor, Sgroup Holdings, re-purchased the company. The results of the new company have been increased profits, continued growth and three product releases.

Company Milestones:

• March 1982 - Servio Logic is founded
• August 1982 - First Software Prototype
• October 1986 - Shipped GemStone/S™ 1.0, Smalltalk application server, and first sale
• October 1992 - Servio dropped "Logic" to become Servio Corporation
• December 1992 - GemStone/S 3.0 was released
• June 1995 - Servio Corporation changed its name to GemStone Systems
• July 1997 - GemStone ships GemStone/J™, Java application server
• August 2000 - GemStone Systems, Inc. is acquired by Brokat Technologies
• April 2000 - GemStone ships GemStone Facets™ 1.0, object database
• August 2001 - Original investor, Sgroup Holdings, buys back the company
• March 2002 - GemStone ships GemStone/S 6.0
• March 2002 - GemStone Systems announces zero-latency software product called GemFire™

About GemStone

GemStone Systems' technology enables customers to make split-second business decisions and immediately adapt to market change. Our zero-latency performance technology significantly increases the performance and manageability of real-time business applications, and increases user and system productivity. Building on 20 years of experience developing high-performance, highly scalable systems software, this revolutionary technology supports multiple languages, integrates with existing architectures and can be built into new applications. Our industry-leading customers like JPMorgan Chase, IntercontinentalExchange Inc., UBS Warburg, Bell South Telecommunications and Orient Overseas Container Line depend on our technology and expertise to build scalable, mission-critical applications that have set the standard in their industries, and given them the competitive edge to be increasingly profitable.

Headquartered in Beaverton, Oregon, GemStone sells and supports its solutions through its US sales force and a worldwide network of distributors. For detailed product and company information, please visit www.gemstone.com

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GemStone Systems, GemStone/S, GemStone Facets and GemFire are registered trademarks of GemStone Systems, Inc. Java and all Java-based marks are trademarks or registered trademarks of Sun Microsystems, Inc. in the United States and other countries.