Industry Veteran is Tapped to Further Expand Modulant's Presence in the Federal Government Sector

Daniel Island, S.C., March 31, 2005
Modulant, a proven leader in software and related services for automating enterprise application migration, today announced the addition of Mr. Al Fox to its senior management team. Mr. Fox was named Vice President of Federal Sales, where he will be responsible for all facets of expanding Modulant's presence in the Federal Marketplace. Based in Washington, D.C., Mr. Fox will play a key role in the company's growth, market development and customer satisfaction

"Al Fox brings years of expertise in identifying critical needs and bringing enterprise class software solutions to government organizations. His outstanding background and record of success will be extremely valuable as we continue to expand our customer base, market penetration, products and services in the Government sector," said Chip Johnson, CEO of Modulant. "It is with great pleasure that we welcome Al to our management team at this exciting point in the company's history."

"When I saw the Modulant software product suite in action and understood the value that our Government organizations would gain from the solution, I knew I wanted to be part of the team," stated Al Fox. "I have been personally involved in many emerging software products, but I have never seen one with the value and potential of Modulant."

Mr. Fox has over 20 years of experience founding and growing the Federal Teams at some of the fastest growing software companies, including Oracle, KnowledgeWare, Informix, Ariba, and webMethods. Over the course of his career, contributions of Mr. Fox and his teams at emerging growth technology companies were pivotal and led to six IPOs with over 500% sustained growth year over year.

Mr. Fox was heavily involved with the establishment of the DoD Enterprise Software Initiative. He holds a BA in Finance from the University of South Florida, and a MBA in Information Systems from the University of North Florida.

About Modulant

Established in 1989, Modulant is a proven leader in software and related services for automating enterprise application migration. The company delivers a unique visual software platform that mitigates the risks inherent in application migration, which offers the only integrated, collaborative environment to analyze, visualize and optimize migration executions with pinpoint accuracy. The Modulant technology has helped and is in use by many large commercial and government organizations for mission-critical migration solutions.

For more information, visit Modulant's website at www.modulant.com or call the company at (843) 375-3003.

Contact:

Rebecca Rentz
Modulant
843-375-3003
rrentz@modulant.com