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Promotions Reflect Dramatic Revenue Growth of Database, Integration Software Firm

Cambridge, Mass.—May 4, 2004— InterSystems Corporation, the fastest growing database software company, today announced that Joseph DeSantis, Richard Deutsch, Robert Nagle and John Paladino have been named vice president. The executive promotions followed a year of dramatic growth for the company, a technology leader in database and application integration software.

“After decades of sustained growth and profitability, including increasing revenues throughout the burst of the dotcom bubble when the overall database market shrunk, InterSystems had a banner year in 2003,” says President and CEO Phillip T. (Terry) Ragon. “In addition to 40 percent revenue growth and record profits, IDG’s Computerworld recognized our CACHÉ database with an Innovative Technology Award, Gartner named CACHÉ as one of the top five relational database systems on the Windows platform, and we launched our new Ensemble universal integration platform. These executive promotions recognize those who lead the teams responsible for that success.”

Joe DeSantis, of Lincoln, Mass., directs object technology development. Prior to joining InterSystems in 1996, he was with Liant Software Corporation, where he served as vice president of R&D. DeSantis also co-founded Oakland Group, Inc., where he oversaw development of the C-scape Interscape Management System. He studied electrical engineering at the Massachusetts Institute of Technology.

Richard Deutsch, from Natick, Mass., oversees InterSystems’ marketing operations, with worldwide responsibility for the company’s marketing programs. Deutsch came to InterSystems in 1995, after more than a decade with IBM, where his focus was on marketing and communications management. Prior to IBM, Deutsch was president and creative director of a design and advertising agency. He is a graduate of Harvard University.

Robert Nagle, of Cambridge, Mass., directs systems software development at InterSystems. Before joining the company’s executive team in 1998, he spent five years at Harvard University, focusing on molecular modeling and high performance computing. His background includes stints at Molecular Simulations, Inc., Automatix, Cognition and Computervision. He has a Master’s degree in Mathematics from Carnegie-Mellon University and a Master’s in Mathematical Physics from University College, Cork.

John Paladino, from Melrose, Mass., directs InterSystems support, quality assurance, internal computer operations and customer education groups. Prior to joining the firm in 1984, he was a systems engineer with New England Pathology, where he oversaw acquisition, implementation and managing of multiple information technologies. Paladino studied Electrical Engineering at Worcester Polytechnic Institute.

About InterSystems

Headquartered in Cambridge, Massachusetts, InterSystems Corporation (www.InterSystems.com) has served the needs of IT organizations and independent software vendors for more than two decades. InterSystems’ showcase products, the Caché post-relational database and the Ensemble universal integration platform, enable the rapid creation and fast integration of high-performance applications.

Over four million people use mission-critical applications based on InterSystems’ software. Twenty regional offices serve application developers and integrators around the world, and 24 x 7 support is provided for all InterSystems products.

Trademark Notes:  Caché is a trademark of InterSystems Corporation.  Other trademarks belong to their respective owners.

Editorial Contacts

Sabrina Kidwai
Shoor & Company
(803) 699-0710
Email

Maureen Flaherty
InterSystems
(617) 621-0600
www.InterSystems.com