KIRKLAND, Wash. -- (BUSINESS WIRE) -- Dec. 20, 2000 -- Consystant provider of the next-generation software design and development environment for reusable software components, distributed architectures, and multiple operating systems, announced that it has received investments from the Intel Communications Fund and Lucent Venture Partners.

Other investments were received from Matsushita, OneName Corporation, Singapore Economic Development Board, and Washington Research Foundation.

Consystant plans to use the funding to further the development and deployment of its software design and development environment, addressing the needs of software developers for embedded systems, networking devices, personal area networks, wireless devices, and Internet appliances.

"We are very pleased to receive this funding from investors who understand the importance of software development," announced Don Carter, president and CEO of Consystant. "The investment capital will be used to help fund our expansion, including our work to develop software that supports the Intel® Internet Exchange Architecture." "The Intel Internet Exchange Architecture is a comprehensive framework for enabling the fast deployment of intelligent networks," said Tom Franz, vice president and general manager of the Intel Network Processing Group. "One of the keys to the success of this architecture is the work being done by the networking software vendors such as Consystant to build products that enhance the development tool capabilities available to Intel's networking equipment customers."

The Consystant development environment provides an exciting new way to create, simulate, and debug software applications. The environment allows the description of a system's behavior to be separated from a description of the target-computing environment that implements that behavior. Developers create reusable software components that can be mapped to different operating systems. A distributed graphical debugger completes the development environment. "Consystant is the kind of company Lucent Venture Partners invests in. We are pleased to be providing funding that will support the company's expansion in software development for networking and wireless devices and Internet appliances," said Maureen Lawrence partner in Lucent Venture Partners.

About Consystant:
Established in 1999, Consystant is a privately held company. The Consystant technology is a revolutionary and productivity-enhancing open standard for software component authoring and software design. Breaking new ground, this technology enables the rapid development of software that supports multiple operating systems (or OS-less requirements) and multiple architectures (CPUs and DSPs) that coexist in one integrated design. After the software system is designed, the Consystant environment automatically generates the source code for the operating system and hardware architecture of choice.

About Intel Communications Fund:
The $500 million Intel Communications Fund invests in companies supporting Intel's key programs and initiatives in voice and data communications, as well as wireless communications and computing efforts. The fund, which makes minority equity investments is focused on companies developing solutions based on CT Media", Intel® Internet Exchange architecture. The fund, created in 1999, is managed and controlled by Intel. For information visit www.intel.com/capital/investment/icf.htm.

About Lucent Venture Partners:
Lucent Venture Partners is the wholly owned venture capital subsidiary of Lucent Technologies, with offices in Palo Alto, Calif.; Waltham, Mass.; and Murray Hill, N.J. Formed in 1998, the group invests in early-stage technology companies in high growth communications areas such as optical, data, and wireless networking, semiconductors, communications software, professional services and e-commerce.

Contact:
Consystant Erin McCullough, 425/739-1487