eMotion Secures Additional Funding From National Geographic, EMC, Enron, Sun Microsystems and others

Vienna, VA, June 27, 2000 — eMotion Inc., the global leader in digital media management, today announced the completion of a $34 million mezzanine round of financing. GE Capital and Chartwell Capital Investors II, LP led the round and were joined by EMC, Enron, National Geographic, Sun Microsystems, Saudi International Bank and VERITAS Software, with additional funding from previous investors. The financing will support further development and integration of eMotion’s software products as well as expand the existing Application Service Provider (ASP) offerings. Also, the funding will continue the company’s international expansion.

“Analysts predict that the digital media management market will expand from $300 million in 1999 to $2.2 billion in 2003, ” said Diana Murphy, Managing Director, Chartwell Capital. “eMotion has worked extensively with top companies like Nike, Discovery Communications and BBC. Clearly the company has leading industry experience managing and distributing rich media via the Web.”

Content providers such as National Geographic have increasing interest in digital media management because of their vast libraries of text, video, audio, images and art files. The Internet offers content providers the opportunity to unlock new revenue through efficient media management. Digital media management requires strong partnerships with platform technology providers, storage vendors, broadband infrastructure providers, distribution companies and others. Investors in this round from the technology industry include EMC, Sun Microsystems, Enron and VERITAS Software.

“As we look to further extend our lead in the domestic markets and to expand our business globally, eMotion gains tremendous added value from the strength of our investors, ” said Bob Griffin, President and CEO, eMotion, Inc. “With this round we can assure our leadership in setting standards for effective digital media management that companies can embrace and profit from.”

As bandwidth expands, technology infrastructure improves and streaming media capabilities advance, content providers can leverage the Internet for distribution of expanded content. Analysts predict that the streaming media services market will grow twentyfold in the next four years.

“We’re eager to bring this industry leader fully into the European market, and allow global companies with media-rich content to easily acquire, manage and distribute their assets,” said Gregga Baxter, Head of Private Equity, Saudi International Bank. “We plan to accomplish this through our relationship with the Global Rights Fund, which specializes in investing in companies that manage the delivery of content worldwide.” Investors in this round join a distinguished list of current eMotion investors, including Eastman Kodak, Psilos Group, East-West Capital, Adelson Partners, Wasserstein-Perrella, Constellation Ventures (a Bear Stearns Fund) and Young & Rubicam.

About eMotion
eMotion is the leading provider of digital media management solutions in the world today. For advertising, Global 1000 companies, government media, entertainment and broadcast, eMotion offers an impressive array of products and services that power the entire lifecycle of media management, from creation and collaboration to searching, storage and distribution. eMotion is headquartered in Vienna, VA, with offices in Los Angeles, New York, Silicon Valley, and Chicago. You can find more information at www.emotion.com.