Deal Reflects Importance of Collaboration Technologies to U.S. Government Customers

June 10, 2003
Palo Alto, CA

Tacit Knowledge Systems and In-Q-Tel today announced a broad new licensing deal to deliver Tacit's technology to selected customers within the U.S. Intelligence Community. The new licensing deal allows Tacit and In-Q-Tel to meet growing interest for Tacit's unique collaboration management software.

"We recognized that Tacit's new products are of particular interest and undeniable value to a wide range of government customers," said Gilman Louie, In-Q-Tel's CEO. "Tacit's technology can contribute significantly to many government organizations' efforts to enhance their information sharing practices, making, it appropriate to do this first-ever extension of a licensing arrangement with a portfolio company."

Tacit's ActiveNet software provides unique capabilities for role-based, need-to-know information-sharing solutions that meet the security and privacy needs of key government customers. The software enables fully-automated activity and expertise discovery, intelligent people search and contact brokering, automatic person-to-person networking, automated categorization, managed discussions, and content sharing. ActiveNet integrates efficiently with existing collaboration tools, processes, and distributed information assets.

"This multi-year, multi-project deal highlights the importance of Tacit's technology to the collaboration and information-sharing processes within and across large government organizations," said David Gilmour, Tacit's president and CEO. "We have worked with In-Q-Tel to structure licensing that enables rapid acquisition of that technology on behalf of current and future Intelligence Community customers, and we look forward to continuing our close partnership."

About Tacit
Tacit is the leading provider of software to drive and manage enterprise collaboration. Tacit's software continuously analyzes the work being done in an organization, and makes sure the right people are brought together at the right time to collaborate and share critical information. Tacit helps government organizations to improve internal and cross-agency awareness and responsiveness, while addressing the cultural, technological, and security obstacles that have previously prevented agencies and teams from working together effectively.

Tacit's customers include leading Fortune 500, Global 500 and U.S. Government organizations. For more information, visit www.tacit.com.