New York, NY, September 15, 2003

Bank of America Equity Partners' Chief Investment Officer to Join Unicorn® Board of Directors
McCaffrey to Leverage Relationships and Financial Expertise

Unicorn Solutions, Inc., leading provider of enterprise information management solutions and developer of the Unicorn System, today announced that Mr. Edward McCaffrey, Chief Investment Officer for Bank of America Equity Partners (BAEP), will be joining Unicorn's Board of Directors.

In addition, Unicorn announced that it has closed a Series B financing round led by BAEP and Jerusalem Global Ventures.

McCaffrey commented, “BAEP has decided to co-lead this financing round and substantially increase our holding in Unicorn. I look forward to being more actively engaged in the company’s long-term direction and planning as a member of Unicorn’s Board of Directors.”

Unicorn’s CEO, Dr. Zvi Schreiber, stated, “Ted McCaffrey and Bank of America Equity Partners continue to be important partners in Unicorn’s growth and development. We’re privileged to have Ted’s personal involvement in the company and look forward to leveraging his expertise in the financial services industry.”

McCaffrey is the Chief Investment Officer of BAEP, which manages a $7 billion portfolio of domestic and international direct private equity buyout, growth and venture investments, as well as investments in domestic and international private equity funds. Additionally, he sits on the advisory boards of several international venture capital funds and is a board member of the Chicago Youth Symphony Orchestra. A former Marine Corps officer, he holds a BA (Cum Laude) from Assumption College and an MBA from the Wharton Graduate School of Business.

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