FileNet, BearingPoint, Network Appliance and Sun Microsystems Participate in Launch of Filenet's Compliance Alliance Initiative

Costa Mesa, Calif. - April 6, 2004 -- With the goal of helping companies cost-effectively reduce the complexity of managing regulatory compliance, four leading providers of enterprise solutions today announced that they are collaborating to bring what they believe is the most advanced compliance management capability to their customers on a global basis.

Current members of the Compliance Alliance initiative include FileNet Corporation (NASDAQ: FILE), the leading provider of Enterprise Content Management solutions; BearingPoint, Inc. (NYSE: BE), one of the world's largest business consulting and systems integration firms; Network Appliance Inc. (NASDAQ: NTAP), a leading provider of enterprise network storage solutions; and Sun Microsystems, Inc. (NASDAQ: SUNW).

Working individually or in combination, these business partners intend to collaborate to build and market enterprise compliance management solutions based on FileNet's enterprise content management technology. The Compliance Alliance combines industry leading services and products that will enable customers to deploy compliance management solutions to control enterprise content and business processes, providing proven enterprise scalability, domain expertise and systems and storage capabilities. Using compliance expert's customers can pinpoint critical compliance management issues and deploy solutions that allow them to improve productivity, reduce the cost of compliance and meet audit requirements simultaneously.

To address its customers' compliance needs, FileNet is offering one of the industry's first independent comprehensive frameworks to address an organization's complex content and business process requirements associated with compliance management. Designed to enable better and faster decision-making across the enterprise, FileNet's new Compliance Framework (see FileNet announcement dated February, 9, 2004) is designed to offer tightly integrated content, process and connectivity capabilities into a complete compliance solution.

Built on FileNet's P8 architecture, the Compliance Framework brings together specific capabilities that are critical to compliance, including records management, forms management, content management and "point in process" collaboration.

"In this time of intensified scrutiny and constantly changing regulations, the market demands strict regulatory compliance with governmental and industry regulations. We believe organizations need cost-effective and reliable compliance management solutions from vendors that understand compliance issues and provide best practice business processes," said Lee Roberts, chairman and chief executive officer for FileNet. "Each company in the FileNet Compliance Alliance initiative brings distinct skills to address these needs. Combining these critical technologies and expertise with best-practice business processes will enable customers to find solutions to their compliance problems quickly and easily."

"As regulations mandate longer-term retention of data, enterprises need flexible storage systems that scale to meet business and regulatory compliance requirements," said Patrick Rogers, vice president of solutions and alliances at Network Appliance. "NetApp network storage solutions combined with our SnapLock software offer a superior alternative to tape and optical for content management and archiving applications, giving customers a flexible, easy-to-manage, cost-effective and high-performance product, built on open standards. Working with FileNet and other business partners will help us to deliver these enterprise-wide compliance solutions."

"BearingPoint's Risk and Financial Management group brings global experience, specific domain competencies and industry-proven practices to the area of compliance," said Christopher Hamilton, a senior vice president with BearingPoint. "Our close strategic relationship with FileNet allows us to deploy cost-effective and high-performance services and solutions that address complex content and Business Process Management issues critical for complying with evolving regulations.

"Complying with today's myriad of federal regulations, SEC mandates and numerous state and local acts requires a flexible, quickly adaptable IT environment," said Mark Tolliver, Sun's executive vice president, Marketing and chief strategy officer. "FileNet's Compliance Framework, which is integrated with and deployable on Sun's enterprise servers, network storage and software systems, assures customers that their IT infrastructure can keep up with current regulatory requirements."

About BearingPoint, Inc.

BearingPoint, Inc. (NYSE:BE) is one of the world's largest business consulting, systems integration and managed services firms serving Global 2000 companies, medium-sized businesses, government agencies and other organizations. We provide business and technology strategy, systems design, architecture, applications implementation, network infrastructure, systems integration and managed services. Our service offerings are designed to help our clients generate revenue, reduce costs and access the information necessary to operate their business on a timely basis. Based in McLean, Va., BearingPoint has been named by Fortune as one of America's Most Admired Companies in the computer and data services sector. For more information, visit the Company's website at www.bearingpoint.com.

About Network Appliance

Network Appliance is a world leader in open network storage solutions for today's data-intensive enterprise. Since its inception in 1992, Network Appliance has pioneered technology, product, and partner firsts that continue to drive "The evolution of storage.™" Information about Network Appliance™ solutions and services is available at www.netapp.com.

About Sun Microsystems, Inc.

Since its inception in 1982, a singular vision- "The Network Is The Computer™"-has propelled Sun Microsystems, Inc. (Nasdaq: SUNW) to its position as a leading provider of industrial-strength hardware, software and services that make the Net work. Sun can be found in more than 100 countries and on the World Wide Web at http://sun.com.

About FileNet

FileNet Corporation (NASDAQ: FILE) helps organizations make better decisions by managing the content and processes that drive their business. FileNet's Enterprise Content Management (ECM) solutions allow customers to build and sustain competitive advantage by managing content throughout their organizations, automating and streamlining their business processes, and providing the full spectrum of connectivity needed to simplify their critical and everyday decision-making.

FileNet ECM solutions deliver a comprehensive set of capabilities that integrate with existing information systems to provide cost-effective solutions that solve real-world business problems. Since the Company's founding in 1982, more than 4,000 organizations, including 81 of the Fortune 100, have taken advantage of FileNet solutions for help in managing their mission-critical content and processes.

Headquartered in Costa Mesa, Calif., the Company markets its innovative ECM solutions in more than 90 countries through its own global sales, professional services and support organizations, as well as via its ValueNet® Partner network of resellers, system integrators and application developers.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This release may contain forward-looking statements that involve risks and uncertainties, including statements regarding the anticipated market for regulatory compliance solutions, the plans, goals, completion, implementation, benefits, and details of the relationship between FileNet and its Compliance Alliance partners, and the anticipated performance of FileNet's and its partners' products. Words such as "anticipates," "expects," "intends," "plans," "believes," "may," "will" and similar expressions are intended to identify forward-looking statements. Among the important factors that could cause actual results to differ materially from those in the forward-looking statements are FileNet's ability to develop, complete, introduce, market, distribute and gain market acceptance for its products and technologies in a timely manner; unforeseen technical difficulties related to the development and optimization of FileNet's or its partners' products; announcements of technological innovations, new products or product enhancements by FileNet, its partners or their competitors; general market conditions; and other factors detailed in the FileNet's filings with the Securities and Exchange Commission, including its recent filings on Forms 10-K and 10-Q.

Press Contacts:
Sonal Dave-Mehta
FileNet Corporation
(714) 327-3746
sdavemehta@FileNet.com


Marti Miernik
Neale-May Public Relations
(650) 328-5555 x140
mmiernik@nealemay.com