Autobase Announces Major Investment

FISHERS, Ind.--April 5, 2004--Autobase, Inc., the leading supplier of technology-based Customer Relationship Management (CRM) software and services, announced that it has received a major investment from private equity investors Summit Partners and W. Scott Webber.

Webber will assume the roles of Chairman and CEO. "Autobase has achieved a significant level of market leadership in this nascent market. With the resources that Summit brings to the table, along with the continuing expertise of Bryan Anderson and his team, we would expect to dramatically increase the company's ability to provide world-class solutions to the industry." Webber comes to Autobase with a wealth of experience, having served as CEO of Software Artistry, a CRM company that had an IPO in 1995 and was acquired by IBM in 1998.

Anderson, the Founder of Autobase, will continue in his roll as the company's President. "My team and I started Autobase to help car dealers sell more cars, more profitably. In recent years our growth has been tremendous. Now, with the management expertise and new capital that Scott and our new investors bring, we have a great opportunity to take automotive CRM to the next level."

Summit Partners is a leading private equity and venture capital partnership, with more than $5 billion under management. In the last twenty years, Summit has helped over 250 companies achieve exceptional growth by providing capital and strategic support. "We've been tremendously impressed by the Autobase team and the levels of satisfaction among the 1,000 dealerships using their products," said Harrison Miller, a general partner with Summit Partners. "We also know Scott Webber well, as a truly exceptional business leader. We believe that with additional capital, Scott, Bryan, and the whole Autobase team have a huge opportunity to serve many more customers nationwide with their best-of-breed solutions."

Autobase is headquartered in Fishers, IN, with regional offices in Chicago, Cleveland, and South Florida. The company has been providing CRM and Sales Force Automation solutions to the automotive industry since 1988.