New York, NY, September 15, 2003

Unicorn® Raises $6 Million in Series B Financing
Bank of America Equity Partners and Jerusalem Global Ventures Lead Round; Apropos and Intel Capital Participate

Unicorn Solutions, Inc., a leading provider of enterprise information management solutions, today announced that it has closed a Series B financing round totaling $6 million. This follows the earlier $8.8 million Series A investment announced in March 2002. Further financial terms were not disclosed.

The round was led by existing investors Bank of America Equity Partners (BAEP) and Jerusalem Global Ventures. Apropos and Intel Capital also participated. In a separate announcement, Unicorn disclosed that Mr. Edward McCaffrey, BAEP's Chief Investment Officer, will be joining Unicorn's Board of Directors.

Unicorn’s CEO, Dr. Zvi Schreiber, commented, “Unicorn launched its product earlier this year and has already announced major Fortune 100 and Federal Government customers. We are seeing an increasing awareness by enterprises of the need for information management and of the advantages of a semantic approach. This financing will enable Unicorn to aggressively grow its sales and marketing infrastructure to support the increasing market demand for the Unicorn System™. Unicorn is pleased to have financing from some of the world’s leading venture investors.”

Commenting on the round, Edward McCaffrey, BAEP’s CIO, said, “Bank of America continues to believe that Unicorn’s semantic information management represents one of the best practices for Global 1000 and public sector enterprises, enabling them to increase agility and reduce IT costs. We see this as a long term investment in the leader of a new software category.”

Yoni Hashkes, General Partner at Jerusalem Global Ventures, added: “We are very pleased with Unicorn's growing customer traction, positioning the company as a leading vendor in the rapidly developing market for advanced enterprise information management systems.”

For additional information about Unicorn, write to the Unicorn Press Relations Department.