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News Release ON Technology Ranked in Top 10 of Boston Business Journal Top 150 Companies ON Technology Caps Record Growth in 2002 with Recognition in Boston Business Journal’s Annual Top 150 Public Companies in Massachusetts Waltham, Mass. (June 10, 2003) - ON Technology, (Nasdaq:ONTC), a leading provider of enterprise infrastructure management solutions, has been recognized by the Boston Business Journal as the 8th Largest Revenue Gainer and one of the top 150 Massachusetts-based public companies in 2002. The ranking of public companies is determined by year-end revenue and compiled annually by the business publication. With four consecutive quarters of record growth, ON Technology closed 2002 with approximately $35 million in revenue showing a $10.5 million increase from the previous year. This year’s listing marks the first time ON Technology has received recognition in the Boston Business Journal 150. In addition to being the 8th Largest Revenue Gainer of the top 150 companies, ON Technology was also listed as the 27th Largest Net Income Gainer, 37th for Return on Equity, and 74th Largest Net Income. “This is a powerful acknowledgment of our employees dedication and hard work and I am certainly proud of our achievements in 2002. We look forward to a successful 2003,” said Robert L. Doretti, president and CEO of ON Technology. “I feel confident our unique solution will continue to meet the rigorous and complex demands of large-scale enterprise customers.” About ON Technology Corporation ###
ON Technology, ON Command, and ON Command CCM are registered trademarks, and the ON logo and ON iCommand are trademarks of ON Technology Corporation. Microsoft and Windows are either registered trademarks or trademarks of Microsoft Corporation in the United States and other countries. All other brand names and trademarks are properties of their respective owners. The statements in this press release that relate to ON Technology’s future plans, events and performance are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve a number of risks and uncertainties. Some of the important factors that could cause actual results to differ materially from those indicated by the forward-looking statements are general economic conditions, including the current weakness in the global economy, demand for the Company’s products and services, performance of the Company’s direct and indirect distribution channels, competitive pressures, market acceptance of the Company’s new products and technologies, and the risk factors detailed from time to time in ON Technology’s periodic reports filed with the Securities and Exchange Commission, including without limitation the Company’s Quarterly Report on Form 10-Q for the third quarter of 2003 filed in November 2003. Actual results and performance may differ materially due to these and other factors. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this press release. ON Technology undertakes no obligation to release publicly any updates or revisions to any forward-looking statements contained in this press release that may reflect events or circumstances occurring after the date of this press release.
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