CollabraSpace Expands Board of Directors With Seasoned Technology Specialist

Former COO/CFO of Conquest Information Technology, Martin F. O'Neill, Appointed to Board

Annapolis, Md. — March 14, 2005 — CollabraSpace™, a leading provider of web-based collaboration solutions for government organizations and private entities, today announced the appointment of Martin F. O'Neill to its board of directors. O'Neill, an Entrepreneur-in-Residence at the University of Maryland, Baltimore County (UMBC), will provide strategic counsel to the growing collaboration solutions provider.

"Marty has a proven track record for building dynamic, growth-oriented tech companies and guiding them to maturity," said Ray Schwemmer, CollabraSpace president and CEO. "We are confident that Marty's extensive technology expertise will support our growth in the years to come."

Before joining UMBC, O'Neill served as COO and CFO of Conquest Information Technology, a $60 million IT services firm. There, he led the company to a highly profitable acquisition by Boeing Space & Intelligence Systems, where he later became the director of Maryland operations. In this role, O'Neill managed Boeing's relationship with the National Security Agency (NSA).

Previously, O'Neill held C-level positions at Canal Bridge Consulting, a management consulting firm, and CTX Corporation, an IT services company. Earlier in his career, O'Neill worked at Booz Allen Hamilton and Oracle Corporation. A frequent public speaker, O'Neill has also published multiple papers and is co-author of the book "Act Like an Owner...Building an Ownership Culture," (John Wiley, 1999).

About CollabraSpace
Headquartered in Annapolis, Maryland, CollabraSpace is an authority on web-based collaboration solutions for a wide variety of customers that have dispersed workforces. These customers include large government organizations such as NSA, NGA and defense department elements, as well as large commercial accounts. The company develops and provides secure web-based collaboration software and platforms that include audio/video sharing, document sharing and storage, whiteboarding and instant messaging, as well as a J2EE application development platform. More information about CollabraSpace can be found at www.collabraspace.com.

CollabraSpace Contact:
410-224-4343
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