FILE Filenet

COSTA MESA, Calif., Aug. 10 /PRNewswire-FirstCall/ -- FileNet Corporation (NASDAQ:FILE), the leading provider of Enterprise Content and Business Process Management solutions, today announced that the company had entered into a definitive agreement to be acquired by IBM. (Logo: http://www.newscom.com/cgi-bin/prnh/20000207/FILENETLOGO ) The company will hold a conference call to discuss the announcement. Date(s)/Time Dial-in Information August 10 (866) 700.7477 7:00 am PT / 10:00 am ET Passcode: 32443506 A replay of the call will be available from approximately 9:00 a.m. PT on August 10 through midnight PT on August 17. To listen to the replay, dial (888) 286-8010. The conference call ID number for the replay is 53834303. About FileNet FileNet Corporation (NASDAQ:FILE) helps organizations make better decisions by managing the content and processes that drive their business. FileNet's Enterprise Content Management (ECM) solutions allow customers to build and sustain competitive advantage by managing content throughout their organizations, automating and streamlining their business processes, and providing a spectrum of connectivity needed to simplify their critical and everyday decision-making. FileNet ECM products are designed to deliver a broad set of capabilities that integrate with existing information systems to provide cost-effective solutions that solve real-world business problems. Since the Company's founding in 1982, more than 4,000 organizations, including more than three quarters of the FORTUNE 100, have taken advantage of FileNet solutions for help in managing their mission-critical content and processes. Headquartered in Costa Mesa, Calif., the Company markets its innovative ECM solutions in more than 90 countries through its own global sales, professional services and support organizations, as well as via its ValueNet(R) Partner network of resellers, system integrators and application developers. Investor Contact: Greg Witter, Director, Investor Relations FileNet Corporation Phone: 714-327-3405 Email: http://www.newscom.com/cgi-bin/prnh/20000207/FILENETLOGO http://photoarchive.ap.org/ DATASOURCE: FileNet Corporation CONTACT: Greg Witter, Director, Investor Relations of FileNet Corporation, +1-714-327-3405, Web site: http://www.filenet.com/

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