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COREOBJECTS HIRES SOFTWARE INDUSTRY VETERAN
Continues momentum with increased business development efforts

Los Angeles, March 10, 2005 – CoreObjects Software, Inc, leading provider of Distributed Cooperative Software Development™ services for commercial software vendors, today announced the hiring of Douglas Gold as its Chief Financial Officer and VP of Business Development. The hiring is another step towards CoreObjects positioning itself as a leader in the software development space and rounds out a management team well versed in bringing commercially deployable software products to market.

Douglas has served in senior management positions for the last 5 years, including CEO, VP of Finance and Director of Sales Operations in the enterprise software space. He has worked at various stages of organizational development, from start-up companies to entities with annual sales in excess of $700 million, and has experience in both closely held private companies and international publicly held companies.

“Doug’s expertise in finance, business development and operations makes him an excellent fit to assist in continuing CoreObjects’ significant growth objectives. Doug’s rolodex in the software industry will help us to establish a stronger presence”, says Girish Venkat, CEO.

“I was introduced to CoreObjects through a former board member and, coincidentally, an existing customer. What made CoreObjects attractive to me was their expertise in software development and leadership position as an infrastructure play to the ever-changing world of software development”, says Douglas Gold.

About CoreObjects Software, Inc.

CoreObjects is the leader in Distributed Cooperative Software Development™ and partner to companies interested in building world-class software. CoreObjects provides the process and software development expertise necessary to bring commercially deployable software to market. Dozens of companies, backed by some of the most notable venture capital firms in the world, have depended on CoreObjects to build their software for them, driving billions of dollars in market capitalization and tens of thousands of end-users. CoreObjects builds software that builds companies and helps customers keep the promises they make to their stakeholders. CoreObjects is headquartered in Los Angeles, with strategic development centers in Bangalore, Delhi and Pune, India, as well as a satellite office in Silicon Valley.