"Company growth, worldwide expansion and industry accolades demonstrate success of on-demand business model"

Woburn, MA (November 17, 2004) - Intranets.com (http://www.intranets.com), the world's leading provider of on-demand collaboration services, today marked the 5th anniversary of its award winning product suite with multiple company accolades, record revenue numbers and international expansion. Since launching its service in 1999, Intranets.com has remained focused on offering web-based collaboration tools that help small-to-midsize businesses, project teams and departments within larger organizations increase productivity and information sharing. Today, the company has grown its customer base to more than 230,000 users across 8,200 companies globally, and has become the largest on-demand collaboration service in the world.

"Companies like Intranets.com survived the dot com bust because they offer mission critical services that are easy-to-use, cost-effective and streamline business processes," said Laurie McCabe, vice president for SMB Insights and Business Solutions at AMI -Partners. "The number of businesses using web-based services is growing exponentially as more and more companies realize the value these services can bring to their organizations."

Intranets.com has been changing the way businesses collaborate and share information since it was founded in 1996. After initially offering its service for free in 1999, supported by advertising revenue, the company successfully transitioned to a subscription-based on-demand business model. Intranets.com has now been profitable for every month of 2003 and 2004 and recently realized its 40th consecutive month of revenue growth.

"We are committed to offering products and services that help businesses operate more efficiently and cost effectively," said Rick Faulk, president and CEO of Intranets.com. "To achieve this, we listened to our customers, built a product based on their needs, and always stayed focused on our bottom-line. We are thrilled that the market has embraced our on-demand business model and we look forward to meeting the growing collaboration needs of our customers."

Several prestigious publications and award associations have recognized Intranets.com's achievements:

• PC Magazine "Editor's Choice" - PC Magazine awarded the Intranets.com service 4.5 stars out of a 5 star rating. Judged by PC Magazine's independent testing laboratory, the company's product was selected over competing solutions due to its advanced functionality, ease-of-use and competitive price-point.
• ASPNews "Top 25" List - For eight months in a row, ASPNews has named Intranets.com one of the world's "Top 25" service providers.
• Boston Business Journal (BBJ) Fastest Growing Private Companies - Intranets.com ranked 3rd on the BBJ list of the "Top 100 Fastest Growing Private Companies" in Massachusetts. The companies were ranked based on percent of revenue growth from 2001 to 2003.
• Boston Business Journal "Best Places to Work" Award - The BBJ named Intranets.com one of the "Top 50 Best Places to Work" in Massachusetts.
• Inc. 500 - Inc Magazine ranked Intranets.com as one of the fastest growing private companies in the U.S.
• Deloitte New England Fast 50 Fast 500 - Deloitte and Touche honored Intranets.com as one of the 50 fastest growing technology companies in New England and as one of the 500 fastest growing private companies in the U.S.
• FORTUNE Small Business "Best Boss" Award - Chosen from hundreds of nominees nationwide, Rick Faulk was named a "Best Boss" for demonstrating innovative workplace practices.
• American Business Award for Company Success - Intranets.com won an ABA "Stevie" Award for "Best Company Turnaround." The ABA's are the first national, all-encompassing business awards program honoring great performances in the workplace.

While its focus is primarily on the small-to-midsize business market, Intranets.com has landed high-profile clients such as NASA, Keller Williams Realty and Home Depot. This year, the company has continued to add powerful business productivity applications, including web and audio conferencing and group scheduling, among many others. Intranets.com is also expanding internationally. The company already offers its service in Japan, serving more than 50,000 users, and today announced the introduction of a new German version of its collaboration suite (See separate release "Intranets.com Launches in Germany").

Intranets.com offers a complete collaboration suite that includes document management, calendaring, database management, web and audio conferencing, task management and many other customizable applications. All of the applications work seamlessly within an integrated browser environment to help any organization work more efficiently online.

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.

Press Contact:
Colin Smith
Director of Public Relations
408.566.5694

Intranets.com is a trademark of Intranets.com, Inc. idealab! is a registered trademark of idealab!, Inc. Other product and company names herein may be trademarks of their respective owners.