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Primavera Receives Strategic Investment From Intel
to Build PrimeContract

PHILADELPHIA, October 23, 2000 -- Primavera Systems, Inc., the leading provider of project management, control and execution software for the architecture, engineering and construction (AEC) industry, today announced that Intel Capital has made an equity investment in Primavera to aid the development of PrimeContract, Primavera’s e-business solution for the AEC industry.

This investment builds on the recent investment in Primavera by i2 Technologies (NASDAQ: ITWO), which, together with the Intel Capital investment, represent a 21.7 percent ownership in Primavera. In addition to their financial investments, both Intel and i2 will aid in the development of PrimeContract.

PrimeContract is designed to enable construction owners and their contractors to manage projects, teams and activities from design and engineering, through procurement, construction and into facility maintenance. By uniting commerce, communication and project control, PrimeContract subscribers are expected to be able to accelerate project delivery, improve quality and control costs.

"Intel's commitment to e-business tools for the construction industry will help shape how construction projects are managed in the 21st century", said Joel M. Koppelman, CEO of Primavera. "We expect that large project owners will move as quickly as possible to the Internet and e-business solutions to achieve real cost savings over the entire lifecycle of construction projects."

"As a developer of large building projects -- specifically, chip fabrication facilities, data centers and more -- Intel recognizes the need to accelerate development times of large projects and to reduce construction and total facility ownership costs," said Gerry Parker, Executive Vice President and General Manager of the New Business Group at Intel Corporation. "By working with companies such as Primavera, we hope to help make this a reality."

PrimeContract provides a completely role-based ASP solution for everyone involved in the design, procurement and construction process. Today PrimeContract provides a means for contractors and owners to negotiate progress payments on line. It also supports full collaboration including document management with redlining and version control, workflow management, and requests for information.

About Primavera
Founded in 1983, Primavera Systems, Inc. is the leading provider of enterprise and Web-based project management and control software. Primavera’s innovative solutions help companies around the world maximize their project and resource investments through strategic project portfolio management; achieve faster times to market and increased return on investment through flawless project execution; and ensure repeatable project successes through integrated best practices. The company’s business units serve a broad range of industries, including aerospace and defense, automotive, construction, engineering, financial services, high technology, petrochemical, telecommunications and utilities. The company is headquartered in Bala Cynwyd, a suburb of Philadelphia, Pennsylvania, with offices in Chicago, New Hampshire, New York, San Francisco, Hong Kong and London. More information about Primavera and its products is available via the World Wide Web at

About PrimeContract
PrimeContract is a division of Primavera Systems, Inc. that provides services for AEC industry firms to manage and integrate collaboration, e-commerce and project control. It is available as a project-subscription service sold through the worldwide network of Primavera Authorized Representatives.


PrimeContract is a trademark of Primavera Systems, Inc. All other trademarks mentioned herein are the property of their respective owners.

For press inquiries:

Press Contact
Jacqueline Chen
Ogilvy Public Relations
212/880 - 5373
Primavera Contact
Jenny Koniencki
Primavera Systems, Inc.
PrimeContract Division
610/949 - 6744

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