In-Q-Tel signs expanded license agreement with Traction Software

ImageProvidence, Rhode Island, June 13, 2002 - In-Q-Tel, a venture group funded by the Central Intelligence Agency (CIA), has recently signed an expanded enterprise software license agreement with Traction Software, Inc., providing use rights for the latest version and multi-year upgrades of Traction’s workgroup information-sharing software.

“Traction’s product is a valuable tool among our growing portfolio of cutting-edge technologies that benefit enterprises like the CIA,” said Gilman Louie, president and CEO, In-Q-Tel. “The value of Traction is that it makes collecting, organizing, and publishing information to the web or intranet as easy as using email.

Traction delivers software that creates an information-sharing system for business teams that works like the web. With the introduction of Traction TeamPage™, email and web browsers become powerful web publishing tools for business users. Current corporate Intranets are composed primarily of static web pages created with web authoring tools, structured data from enterprise systems and external feeds (news, stock quotes, weather, horoscopes, etc.). As a result, email has been the only realistic alternative for business teams to actively communicate and share information.

TeamPage plugs easily and cost effectively into any Intranet to create a contextual information hub for teams. Traction’s best-of-breed solution addresses the vital need for business users to provide up-to-date Intranet content, enabling teams to capture, use, and share their high-value information more efficiently.

“This agreement signifies the value In-Q-Tel sees in our product for its government customers,” said Tim Simonson, CEO, Traction Software. “Today, government and commercial users alike are seeking solutions that reduce cost and solve information management challenges using standardized web technology.

TeamPage™ is deployed in technology, manufacturing, finance and government organizations to address pervasive information-sharing needs.

About Traction Software

The firm’s flagship product, Traction TeamPage™, makes the business intranet a writable web. TeamPage™ addresses the business need for a unified, on-demand view of team content and communication from all sources in context. Traction Software is a technology leader in hypertext systems. Traction’s pending patent covers the fundamental indexing, cross-reference and navigational elements that jointly make the Traction platform unique. The company distributes its products directly and through global channel partners. Traction Software was founded in 1996 and is located in Providence, Rhode Island. Investors include In-Q-Tel, Slater Interactive and private individuals. Learn more at www.tractionsoftware.com.

About In-Q-Tel

In-Q-Tel is a private, independent, enterprise funded by the CIA. Launched in 1999, In-Q-Tel's mission is to identify and invest in companies developing cutting-edge information technologies that serve United States national security interests. Working from an evolving strategic blueprint that defines the CIA's critical information technology needs, In-Q-Tel engages with entrepreneurs, established companies, researchers and venture capitalists to deliver technologies that pay out in superior intelligence capabilities for the CIA and the larger Intelligence Community. Learn more at www.in-q-tel.org.