Massachusetts bank realizes productivity gains and costs savings with new online collaboration suite from Intranets.com

Woburn, MA (January 12, 2004) - Intranets.com, the leading provider of online collaboration services, announced today that Danvers Savings Bank (DSB), an $840 million financial institution operating out of twelve full-service locations in Massachusetts, is using Intranets.com to improve collaboration and information sharing across all branches. DSB is utilizing the company's powerful and cost-effective online forum to increase business productivity and efficiency for all employees.

"Intranets.com is saving us tens of thousands of dollars a year compared to the cost of building and maintaining a solution in-house and offers all of the collaboration tools we need and more," said Lisa Rose, senior vice president and CIO for Danvers Savings Bank. "After testing the service for free, we were up and running in minutes with a new collaboration forum designed to help us all work together in a more impactful way. It is now fully integrated with our business and is providing real value to our company everyday."

In the past, DSB relied exclusively on group emails and inefficient hard copy manuals and forms to communicate with employees. Now, DSB can distribute crucial company news, manuals and other information electronically to all employees instantly through a simple web browser. Within a few months of implementation, DSB has already conducted five different employee polls, managed event registration for a special employee training conference and has even created its own "For Sale" marketplace. Intranets.com is now the "go to" place for DSB employees to manage documents, share information and receive the latest company updates.

"DSB is a perfect example of how a medium-sized organization can take advantage of the power of big business collaboration tools without a heavy investment or significant time commitment," said Rick Faulk, CEO of Intranets.com. "Our hosted collaboration model has been proven over many years and businesses of all sizes are realizing the value of a hosted service versus expensive homegrown alternatives. We're pleased that DSB is seeing such strong results from our solution."

Intranets.com provides a broad range of hosted collaboration applications that work seamlessly within an integrated browser environment to help any organization work more efficiently. The Intranets.com suite includes a document manager, online calendar, task manager, online discussion forum, database manager, e-mail, opinion polls and other customizable applications.

About Intranets.com
Intranets.com is the world's leading provider of on-demand collaboration services for small businesses or departments and groups inside large organizations. The company serves more than 350,000 users across 10,000 companies worldwide and offers a secure, web-based collaboration suite to share critical business information quickly and easily at any time from anywhere. Privately held and profitable, Intranets.com is led by an experienced team of software industry professionals who are committed to providing a secure, customizable, easy-to-deploy intranet solution supported by world-class customer service. Intranets.com is a PC Magazine "Editor's Choice" winner and is rated one of the world's "Top 25" leading service providers by ASPNews. The company has also been ranked by the Boston Business Journal as one of the fastest growing private companies in Massachusetts for two consecutive years. For more information or to take a FREE 30-day test drive, visit http://www.intranets.com/pr, e-mail corpsales@intranets.com or call 888-932-2600 or 781-565-6000.

About Danvers Savings Bank
Serving the community since 1850, Danvers Savings Bank is an $840 million financial institution operating out of twelve full-service locations in Andover, Beverly, Chelsea, Danvers (2), Middleton, Peabody, Reading, Revere, Salem, Wilmington and Woburn; and one Representative Office in Boston. The Bank is an acknowledged leader in small business lending, earning the status of Preferred SBA (Small Business Administration) Lender in both Massachusetts and New Hampshire. The Bank is likewise recognized by the FDIC as "Outstanding" for its community reinvestment activities. For more information, visit the Bank's website at www.danverssavings.com, or call the main line at 978-777-2200.

Press Contact:
Colin Smith
Director of Public Relations
408.566.5694

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