NOTED MIT DEAN OF ENGINEERING THOMAS MAGNANTI ELECTED TO EMPTORIS' BOARD OF DIRECTORS

One of the Leading Authorities on Optimization Technology to Bring Theoretical and Practical Experience to B2B E-commerce Solutions Provider.

Burlington, Mass., October 23, 2000 - Emptoris, Inc., the leading provider of dynamic B2B e-commerce solutions for net market makers and Global 5000 companies, today announced that it has named veteran Massachusetts Institute of Technology (MIT) professor and Dean of Engineering Thomas L. Magnanti to the company's board of directors. Dr. Magnanti, one of the world's leading authorities on optimization technology, brings more than thirty years of engineering and management experience to his board position and will help shape the ongoing strategic direction of the company.

"We are quite pleased that Emptoris is the first corporate board of directors on which Dr. Magnanti has agreed to serve," said Avner Schneur, president and CEO. "Dr. Magnanti is a respected member of the academic, technology and business communities, having dedicated his career to researching the theory and application of large-scale optimization, particularly in the areas of network flows and combinatorial optimization. His considerable insight and experience will be invaluable as Emptoris continues to make strides in the competitive B-to-B e-commerce space."

Dr. Magnanti is the Dean of the School of Engineering and one of twelve Institute Professors at MIT, where he has been a faculty member since 1971. In his tenure, he co-founded and served as co-director for the Leaders for Manufacturing Program and the System Design and Management Program, headed the Management Sciences Area of the Sloan School of Management and co-directed MIT's interdepartmental Operations Research Center. Dr. Magnanti is a past president of the Operations Research Society of America (ORSA) and is the former president of the Institute of Operations Research and the Management Sciences (INFORMS). He holds an undergraduate degree in Chemical Engineering from Syracuse University, master's degrees in Statistics and Mathematics from Stanford University, and a doctorate in Operations Research, also from Stanford University.

"Emptoris' use of optimization technology in the B2B e-commerce market is truly groundbreaking," explained Dr. Magnanti. "While optimization technology has been proven as a valuable tool in many industries for a number of years, Emptoris is the first company to use it to automate the decision support process for complicated online transactions. As a director, I look forward to lending my knowledge and experience to contribute to the ongoing success of Emptoris."

About Emptoris, Inc.
Emptoris, Inc. is the leader in dynamic B2B e-commerce solutions for net market makers and Global 5000 companies. By implementing ePASS, Emptoris' advanced, web-based procurement solution, e-markets can increase transaction volume by meeting the complex strategic sourcing needs of buying and selling professionals and empower them to make the best online trading decisions. ePASS' customizable business rules, intelligent workflow and advanced decision support technology allow Emptoris' partners and customers to rapidly deploy industry specific e-marketplace solutions, build collaborative buyer-seller relationships and quickly optimize multifaceted purchasing decisions. Emptoris is a privately held company and is an Internet Capital Group (Nasdaq: ICGE) Partner Company. The company is headquartered in Burlington, Massachusetts. For additional information, please visit www.emptoris.com.

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