RiverOne Taps New Chairman

Supply chain software vet joins solution provider

Westlake Village, CA - February 13, 2002 - RiverOne, a provider of supply chain solutions to the electronics manufacturing industry, announced today the appointment of Bahram Nour-Omid as chairman of the company's board of directors.

Nour-Omid is perhaps best known in the software industry as the co-founder and chief technology officer of Scopus Technology, an early developer of customer relationship management (CRM) applications. Scopus went public in 1995, and the company was acquired three years later by Siebel Systems.

More recently, Nour-Omid was founder and CEO of StudioXchange, a developer of procurement software for the film and production industries. He also served as executive vice president and a director of Essentus, a provider of supply-chain management solutions to the apparel industry.

Nour-Omid is currently a senior principal of Shelter Capital Partners, a Los Angeles-based venture fund focusing on companies in the enterprise application, semiconductor and wireless/communications industries. Shelter was an early and repeat investor in RiverOne.

"Bahram's insights have helped us identify emerging market opportunities, fine-tune our strategy and extend our technology footprint," said Maury Friedman, RiverOne's CEO.

Nour-Omid has a Ph.D. in computer simulation, a master of arts in mathematics and a master of science in engineering, each from the University of California at Berkeley. Nour-Omid earned his undergraduate degree at the University of London's Imperial College.

RiverOne was formed in November from the merger of solution providers Need2Buy and Efinity, which teamed to offer a joint solution to address the need for real-time interactivity among trading partners across distributed electronics industry supply chains.