GemStone Systems Creates Industry Forum to Address Data Management Challenges and Solutions

Forum Targeted At Financial Services Industry; TowerGroup Analysts To Present

New York, NY - September 15, 2003 - GemStone Systems, an industry leader in data distribution, caching and management software, today announced the company will host the industry's first Data Services Management Forum for financial services organizations. The creation of the forum is based on feedback from key business leaders who have expressed the need to discuss data management issues and solutions related to today's industry standards, pain point and trends. Financial services industry leaders and top ranking institutions, analyst firms and technology companies will participate at these quarterly events.

Tim Lind and Dushyant Shahrawat, senior analysts from the TowerGroup, the leading research and advisory firm focused exclusively on the global financial services industry, will speak at the first Data Services Management Forum. Mr. Lind and Mr. Shahrawat will address the increasing pressures that financial organizations are facing for high performance system architectures that manage and distribute data quickly, effectively and to a multitude of different applications and locations.

The purpose of the Data Services Management events are to provide an open forum for industry leaders to get together and discuss the unique data management challenges within the financial services industry, as well as the approaches to solve these challenges with existing and new technologies. The forum will provide an opportunity for financial institutions to speak openly about industry trends that have worked and the hard lessons learned.

“Many forward thinking financial institutions are addressing the problems associated with redundant data silos by exposing data as a common service for the benefit of multiple business applications that process off of the same securities and client information”, said Tim Lind, senior analyst at the TowerGroup. “As these firms are being asked to capture more and more data from a variety of disparate systems, we are finding that traditional database architectures aren't necessarily an optimal solution in terms of performance and cost.”

Details Surrounding the Data Services Management Forum

The Data Services Management Forum events will be held on a quarterly basis with the first event taking place on Tuesday, October 7, 2003 at the Savannah Steak House in New York, New York. The event will feature presentations from Tim Lind and Dushyant Shahrawat, senior analysts from the securities and investments division at the TowerGroup. For more information, please contact GemStone Systems at 503-533-3212 or www.gemstone.com.

About GemStone Systems, Inc.

GemStone Systems is a privately held company with over 20 years of software experience in developing high performance object oriented technology and highly scalable systems for enterprise organizations. GemStone's patented technology delivers the speed, performance and capabilities that enterprises need from the hardware and software they already own. Industry leading global organizations like FirstRand Group, IntercontinentalExchange Inc., JPMorgan Chase, UBS Warburg and BellSouth Telecommunications depend on GemStone 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.