IntelliCorp :: Press Release

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 IntelliCorp
IntelliCorp (IC) provides lifecycle management and system support software for SAP customers and partners. IC's SAP-certified NetProcess™ tool suite, individual modules and Point-In-Time solutions take an automated diagnostic approach to analyze SAP environments. Increased system knowledge and efficiency reduces the time, costs and risks associated with upgrades, installations, consolidations, compliance, process management/modeling, testing and training. IC customers, such as Bombardier, Harrods, HP, IBM, McKesson, Peugeot and Philip Morris, have decreased the total cost of ownership of SAP and maximized the value of IT investments. Founded in 1980, IC is headquartered in Santa Clara, California, has offices throughout the US and Europe, and maintains partner and distributor relationships worldwide.

IntelliCorp is a registered trademark of IntelliCorp, Inc. NetProcess, LiveCapture, LiveCompare, LiveModel, LiveMonitor, LiveInterface, Assessor and SOLO are trademarks or service marks of IntelliCorp, Inc. in the United States and elsewhere in the world. All other names may be trademarks or registered trademarks of their respective owners.

About EPAM
EPAM is a privately held Limited Liability Corporation founded in 1993. While a wholly owned US entity, EPAM is operationally structured as an onshore/offshore operation. EPAM's Princeton headquarters provides easy access to both the East Coast and the Midwest where over 90% of EPAM's US clients operate. The US facility supports Executive, Account and Project Management functions as well as high-level System Architecture and specialized consulting and deployment services. There are additional account management and sales resources in Minneapolis, Minnesota and Paris, France. EPAM's web site is http://www.epam.com.

The statements in this release that relate to future plans, events or performance are forward-looking statements. Actual results might differ materially due to a variety of factors. Additional information about these factors is contained in our most recent report on Form 10-KSB under the sections pertaining to Business and Risk Factors as well as in our Form 10-QSB under the section entitled Management's Discussion and Analysis of Financial Conditions and Results of Operations.

Contact:
pr@intellicorp.com