SeraNova Shareholders Approve Merger with Silverline Technologies

    EDISON, N.J., Feb. 12 SeraNova, Inc. , a
global provider of eBusiness consulting and integration services, today
announced that the shareholders of SeraNova, Inc., have approved the merger of
SeraNova with Silverline Technologies Limited .
    A special shareholder meeting of Silverline shareholders has been
scheduled for February 20, 2001, to consider and vote on the proposed merger.
Both companies expect to close the merger shortly following Silverline's
shareholder approval, by which time the remaining few Indian regulatory
approvals are also expected to be forthcoming.

    About SeraNova
    SeraNova, a global provider of eBusiness consulting and integration
services, leverages an offshore-based global delivery model to provide a
comprehensive set of Internet and mobile solutions services primarily to
Global 2000 companies. SeraNova's services include strategy consulting,
creative design, technology implementation and integration and maintenance of
Internet-based software applications.
    In all client engagements, SeraNova applies the proprietary SeraNova
Time-to-Market Approach methodology, to deliver these services. SeraNova
focuses on four industry markets -- automotive/discrete manufacturing,
financial services, healthcare and technology.  SeraNova is publicly traded on
the Nasdaq National Market .  On October 27, 2000, SeraNova
agreed to a merger with Silverline Technologies Ltd. to create a
leading offshore deliverer of eBusiness and mobile projects. For more
information concerning this pending transaction and SeraNova's business, visit
SeraNova on the World Wide Web at http://www.seranova.com.

    Safe Harbor Statement
    Certain statements contained herein, including statements regarding the
development of services and markets and future demand for services and other
statements regarding matters that are not historical facts, are
forward-looking statements (as defined in the Private Securities Litigation
Reform Act of 1995). Such forward-looking statements include risks and
uncertainties; consequently, actual results may differ materially from those
expressed or implied thereby.

    SeraNova, the SeraNova logo, "The Power of Approach," "i-team" and
"N/able" are service marks of SeraNova in the United States and other
countries.