Embarcadero Technologies Announces Company Chairman,Co-Founder Stephen Wong to Resume Posts of...

Business/Technology Editors

SAN FRANCISCO--(BUSINESS WIRE)--June 1, 2000

Embarcadero Technologies, Inc., (Nasdaq: EMBT) today named company chairman and co-founder Stephen Wong to the additional posts of chief executive officer and president. Wong resumes the CEO position that

"Embarcadero is in a strong position to leverage its opportunities in the database lifecycle management market," said Wong. "We see expanded market opportunities to help our customers realize improved database system performance, greater productivity, quicker development times and lower costs. Our customer base has grown substantially as more organizations adopt Embarcadero software to help them realize their e-business strategies."

"Ellen Taylor has helped us build a stronger organization in anticipation of strong future growth. For that, we owe her a debt of gratitude," said Wong.

"Embarcadero has come a long way in a short time, achieving its goal of becoming a leading provider of database lifecycle management solutions. I am thankful for the employees of Embarcadero for their support, and for the chance to work with them," said Taylor.

About Embarcadero Technologies

Embarcadero Technologies (Nasdaq: EMBT) produces database lifecycle management solutions that assist in simplifying and automating the design, development and administration of critical enterprise and Web-to-database applications. Thousands of major companies, including 85 percent of the Fortune 100, have licensed Embarcadero products to maximize database performance and availability. The company's website is http://www.embarcadero.com.

Forward Looking Statements

The statements in this press release that are not historical facts are forward-looking statements that involve risk and uncertainties, including risks associated with the development of products, technological changes, competition, uncertainty relating to patent and proprietary rights and other risks identified in the Company's registration statement on Form S-1 (File No. 333-30850), filed with the Securities and Exchange Commission. Actual results, events, and performance may differ materially. Readers are cautioned not to place undue relevance on these forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligation to release publicly the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of anticipated events.