Camelot Portfolio Company, Kintana, Acquired for $225 million

LIVONIA, Michigan, August 15, 2003 — Camelot Ventures announced today that Mercury Interactive Corporation (NASDAQ: MERQ) acquired Kintana, Inc., a Camelot Ventures' portfolio company, for $225 million. Camelot Ventures was Kintana's largest investor.

Founded in 1995, Kintana has grown steadily through the sales of an emerging suite of IT governance products. Kintana products comprise an enterprise application that brings companies real-time visibility and control over their e-business initiatives and operations. As e-business becomes a core competency for more and more companies, the need to automate IT behind e-business systems becomes a critical new requirement.

"Kintana CEO, Bryan Plug, and the entire team did an excellent job of profitably growing the company and clearly defining their value proposition in the IT governance space," said David Katzman, Managing Director of Camelot Ventures. "We enjoyed working with them and assisting them in their growth."

"Camelot was a great partner for us," said Bryan Plug. "They showed confidence in us early on and never waivered in their support. We trusted their council and advice on our major strategic initiatives."

About Kintana
Kintana created the first IT Governance Suite to address the top issues of CIOs: maximizing IT business value, optimizing IT service delivery, and reducing IT costs. Kintana software digitizes and integrates IT business processes from demand to production, enabling real-time decision-making and execution for both strategic projects and 'keep-the-lights-on' activities. Kintana is "How Business and IT Work TogetherTM." The privately held company, founded in 1995 and headquartered in Sunnyvale, California, serves 350 customers. Further information is available at

About Camelot Ventures
Camelot Ventures is a Michigan-based private investment group comprised of entrepreneurs and executives who enjoy unparalleled success in their respective businesses, adding unique value to the companies they invest in or acquire. Its principals are accomplished Presidents and CEOs, including David Katzman, former President of Home Depot S.O.C., and Dan Gilbert, Chairman of Quicken Loans. Camelot's goal is to assist in building upon the vision of its affiliated companies by helping to strengthen their marketplace positions. Camelot Ventures focuses on industries in customer relationship management (CRM), call centers, catalogues, traditional or direct marketing applications, retail, electronic and financial services sectors.

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