Honolulu, HI - October 24, 2000 Inovaware Corp., a leading provider of billing and customer management infrastructure for Internet service businesses, has been selected by financial information leader Morningstar Inc., to support an expanding line of Internet-based services.

Morningstar plans to use Inovaware's PRISM technology to manage its growing subscriber base, develop more complex billing and service packaging, and support elaborate marketing campaigns to promote its new services.

"We were seeking something beyond what traditional billing systems currently offer," said Stephen Lautz, MIS Director for Morningstar. "The PRISM solution will enable us to better manage a rapidly growing subscriber base, and it provides for a higher level of integration with other Morningstar systems."

"Our relationship with Morningstar further highlights the ability for PRISM to excel across a wide range of industries," said Inovaware CEO Marc Rapoza. "By implementing Inovaware's business infrastructure, Morningstar is in a solid market position as it rolls out its e-business initiative. We are happy to be working with such an industry leader."

PRISM is a comprehensive business framework that enables Internet service businesses to profitably manage customers, rapidly deploy new services, and maximize revenue generation. More information about the solution is available at www.inovaware.com

ABOUT INOVAWARE CORPORATION
Inovaware Corporation is a leading business systems provider for the Internet industry. With an installed based of several hundred customers worldwide, the company provides billing and customer management software for ASPs, broadband services, ISPs, content providers and other next-generation service providers. Inovaware's Synchronized Business Infrastructure is the only framework that integrates separate customer centric operations such as billing, customer management and helpdesk processes into one centralized system - lowering overall system cost and time-to-implementation.

ABOUT MORNINGSTAR
Chicago-based Morningstar Inc., is an independent provider of the most reliable, unbiased investment information and analytical tools available. The company's extensive line of Internet, software, and print services offers news, data, and analysis on stocks, mutual funds, closed-end funds, and variable annuities. The firm supplies a variety of products and services to professionals, including MorningstarAdvisor.com, Principia™ Pro software, Morningstar StockInvestor, Morningstar FundInvestor, Morningstar® Mutual Funds, the annual Morningstar Investment Conference, and the Morningstar Professional Education Series. Morningstar does not own, operate, or hold any interest in investment products. Recent news releases and more information are available on the Morningstar home page at www.morningstar.com