Press Release

Velos and Net.Orange Announce Strategic Alliance

Customers to benefit from Internet technology expertise and product integration

Fremont, CA — February 8, 2007 — Velos, Inc., the recognized leader and trusted resource for clinical trial management information systems, announced today an agreement to partner with the respected healthcare Internet solutions company, Net.Orange, Inc.  The two companies will share expertise and work together in a mutual distribution partnership that enhances product offerings to their respective customer groups.

“We are very pleased to partner with Velos,” said Vasu Rangadass, Ph.D., President, CEO and Founder of Net.Orange. “We chose to pursue this partnership after assessing several clinical trial management systems on the market today.  Velos is clearly out front and they have a very rich capabilities set.  They are known for their success with large academic medical centers and research institutions. The Net.Orange cOS™ (Clinical Operating System) is an enterprise technology framework that addresses the data integration challenges of healthcare organizations. With eResearch and cOS, research organizations and hospitals can now extend their clinical research processes and tie them up with other parts of the business.”

“We are equally excited about Net.Orange,” stated Velos President and CEO John S. McIlwain. “Net.Orange comes to healthcare from leading Internet high technology companies with expertise in web system integration and supply chain management.  These skills are timely for healthcare organizations as they start to harness the value of Internet software technology like Velos eResearch. Many of our customers have great Internet platform system visions but lack some of the skills to best achieve those visions. Velos and Net.Orange are a natural fit to transfer technology and skills that help customers convert vision to reality.”

“We’ve just begun to see the full potential in what we can do together,” continued Dr. Rangadass. “This alliance only enhances our mutual abilities to serve the customer.”

About Net.Orange

Founded on the imperative of turning data into information and then information into knowledge in a corporate environment, Net.Orange is passionate about how that dynamic is brought into the healthcare arena.  The company is committed to the objective of helping customers provide superior quality patient care through better decision making and improved productivity.  Net.Orange offers solutions and services that are modular, extensible, and interoperable, with lower cost of ownership and ease of use. The Net.Orange cOS™ (Clinical Operating System™) is an intelligent collaboration hub that connects patients, providers, and payers through a consistent common representation. Net.Orange is headquartered in Irving, Texas.  For more information, visit www.ndorange.com.

About Velos

Velos is the trusted clinical trial management resource for investigators, sponsors and academic leaders throughout the U.S.  Velos eResearch is deployed for clinical research in all parts of the healthcare enterprise and supports a broad diversity of clinical departments and functional needs. The system fundamentally improves the way data is collected, organized and shared. A pure Internet technology platform, Velos eResearch harnesses advanced powers of the Internet to enable research sites, sponsors, and patients to collaborate in a secure, integrated system platform.  System users are freed of redundant data entry and related time delays associated with most clinical research today. With emphasis on workflow, Velos integrates the clinical, administrative and financial information needs of research management. Founded in 1996, Velos is privately held with headquarters in Fremont, California.  For more information, visit www.velos.com or www.veloseresearch.com.

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This press release contains forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in the forward-looking statements.