Business Editors/High-Tech Writers

PARIS & MONROVIA, Calif.--(BUSINESS WIRE)--March 29, 2004

SeeBeyond To Enable Progressive IT Operations Convergence and

Multi-Channel Strategy

SeeBeyond (Nasdaq:SBYN), provider of the world's first fully integrated platform for the development and deployment of composite applications, announced today that Credit Andorra, the dominant bank of the Principality of Andorra, has selected the SeeBeyond(R) Integrated Composite Application Network (ICAN) Suite as its enterprise communication backbone. The SeeBeyond platform will serve as the foundation for the Bank to enable IT operations convergence with the gradual adaptation of its IT infrastructure and the implementation of new applications. With ICAN 5.0, SeeBeyond is recognized as providing the key technology for this critical initiative, enabling a gradual migration while minimizing the associated cost and risk.

Leading analyst firm Gartner, in a recent survey of CIO resolutions for 2004, reported on the challenge of holding down costs while innovating for the future and cited as top 2004 priorities the need to maintain cost disciplines, rationalize and consolidate further.(1)

As the dominant bank in Andorra, Credit Andorra owns approximately 62% of the retail market and 74% of corporate banking. On the technology front, it has long been known as an innovative company, and was, since 1999, the first bank to offer electronic banking services to its customers, which allows users to access account information via the Internet on any mobile device. "Offering the maximum quality of service, facilitating banking to our customers through a multi-channel strategy, managing a low risk policy and possessing a strong solvency ratio are our key principles," said Josep Peralba, the Bank's chief executive.

In line with ever-changing business requirements, Credit Andorra established strategic plans to modernize its existing IT infrastructure in order to strengthen its dominant position and to enable overall corporate agility. As a result, the bank decided to rationalize its middleware layer, replacing the many point-to-point interfaces previously in place. The ultimate goal was to deploy an infrastructure that minimizes the cost, time and risk of retiring legacy systems and migrating to new applications. Moving forward, it was also critical to have an infrastructure with the flexibility and scalability to evolve in line with future requirements, while improving transaction processing and response time.

"Following an evaluation executed with systems integrator, AtosOrigin (formerly known as SchlumbergerSema), which included in-depth competitive POCs, we selected SeeBeyond. The SeeBeyond suite is known for its proven technology value, which has been frequently recognized by its ranking in industry analyst reports," explained Joan Canet, IT Director for Credit Andorra. "Other criteria including its broad range of adapters allowing us to connect our various disparate systems, its enterprise-scale, the powerful capabilities and ease of use of its Business Process Management solution, as well as the commitment of the SeeBeyond team also weighed in on our decision."

"Our first project with SeeBeyond 5.0 has incorporated the migration of our credit card payment system as well as our ticketing and gateway system to the HP-Unix environment, which included the integration of the transactions into the IBM VSE back-end systems," added Canet. "As the key technology enabler for this project, the SeeBeyond eInsight(TM) Business Process Manager has proven easy to administrate, allowing us to achieve full visibility and audit capabilities across all business processes and transactions, and in the case of fault or failure, to resume them at the exact point where they were interrupted."

"With the ability to help organizations achieve IT operations convergence -- reducing the number of applications and migrations from old to new with a gradual and progressive transition -- Credit Andorra further illustrates the strength of the SeeBeyond ICAN suite," said David Bennett, senior vice president and general manager of EMEA for SeeBeyond. "We are committed to deliver business value and significant bottom line benefits to our customers, through agility and flexibility across systems at reduced costs, lower risks, and increased investment protection in existing systems."

About Credit Andorra

Credit Andorra is the dominant bank in Andorra with about 62% of the retail market and 74% of corporate banking. Its ability to maintain profits in tough times is partially due to a favorable cost-to-income ratio, which totaled 24.5% last year. And since 1990 it has consistently obtained high credit ratings from UK rating agency Fitch -- its debt is rated A/B1. The leading Spanish financial institution, La Caixa has a 46.3 percent stake in Credit Andorra.

About SeeBeyond

Based on 14 years of software innovation and real-world experience in integrating systems across Global 2000 organizations, SeeBeyond (Nasdaq: SBYN) delivers the industry's first fully integrated platform for the development and deployment of composite applications. Beyond eAI, the SeeBeyond(R) Integrated Composite Application Network (ICAN) Suite helps organizations rapidly assemble and deploy enterprise-scale end-user composite applications built on existing systems and infrastructure to dramatically improve business operations. SeeBeyond has more than 1,880 customers worldwide, including ABB, ABN Amro, BHP Billiton, The Cleveland Clinic, The Dial Corporation, DuPont, Florida Power & Light, Fluor Daniel, Fujitsu, General Motors, Halliburton, Hertz Corporation, Hewlett-Packard, Pfizer, Samsung, Sprint, Sutter Health and UnitedHealth Group. For more information, please visit www.seebeyond.com.

SeeBeyond is a registered trademark of SeeBeyond Technology Corporation. eInsight is a trademark of SeeBeyond Technology Corporation. All other brands or product names are trademarks of their respective owners.

(1) 01/07/04 "CIO Update: CIO Priority Resolutions in 2004" by John

Mahoney

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