IntelliCorp Signs Development Services Agreement With EPAM to Supplement Internal Software Development Resources

Relationship to ensure that IntelliCorp software solutions continue to meet goals of quality, time-to-market and customer need

MOUNTAIN VIEW, Calif. — February 28, 2002 — IntelliCorp, Inc. [NASDAQ: INAI], a leading provider of business process optimization solutions, today announced a signed development services partnership agreement with EPAM to supplement IntelliCorp's internal software development resources. The partnership will help ensure that IntelliCorp's software solutions continue to meet goals of quality, reduced time-to-market, and customer need.

EPAM is an offshore development organization providing competitively priced strategic software and web development resources to global companies. They specialize in complex systems analysis, design, architecture, application development, software maintenance and testing, and strategic consulting. EPAM custom applications support businesses in more than thirty countries worldwide. Their main technology center is in Minsk, Belarus. Their US facility is located in Princeton, New Jersey.

Initially, EPAM will be contributing to the development of IntelliCorp's flagship Business Process Optimization suite, IC NetProcess. EPAM skills will also be utilized in a number of accelerated development projects and consulting engagements.

According to Chris Trueman, IntelliCorp VP Product Development, "We considered a number of factors when selecting our development partner: experience in building shrink-wrapped applications, commitment to quality, education and training, cultural fit, and accessibility. EPAM excelled in all categories."

Prior to the agreement with EPAM, IntelliCorp had been building its products with a highly distributed engineering and QA team across the US and Europe.

Mr. Trueman concluded, "I was personally impressed with the quality of their work with other software development organizations, and their high standards of education and training. By partnering with EPAM, we can ensure that we have the right resources to build solutions that meet our customers' expectations."

About EPAM Systems

Established in 1993, EPAM is a leading provider of software development outsourcing services, e-business, enterprise relationship management, and content management solutions. EPAM delivers low-cost, high-quality software solutions globally using an onshore/offshore development model. Headquartered in Princeton, NJ, EPAM has development centers in Moscow, Russia and Minsk, Belarus.

EPAM's customer base includes such companies as Colgate-Palmolive, Halliburton, Verizon Communications, Samsung America, CareFirst BlueCross BlueShield, Bally of Switzerland, and other. In the technology world EPAM provides services to such firms as SAP, Brio Software, ServiceWare, PTC, and others. More information about the company can be found at www.epam.com.

About IntelliCorp

IntelliCorp is a leading solutions and services firm focused on the optimization of key business processes across the entire enterprise requiring extensive technical integration and business process expertise. Today's challenging business climate requires the tight integration of front-office processes with back-office systems to reduce cost and improve operational efficiencies, while increasing customer satisfaction and retention. IntelliCorp has deep capability and experience with SAP R3, MySAP.com, Siebel eBusiness Applications, and a number of other dominant software suites and components. In addition, IntelliCorp offers a suite of software solutions, tools, and applications for business process management and support of the integration and management of SAP's back office systems. Headquartered in Mountain View, CA, the company has offices across the United States and throughout Europe. IntelliCorp's web site is www.intellicorp.com.

For further information, please contact: press@epam.com