ASRC Broadens Commitment to Corio Applications on Demand(TM)

SAN CARLOS, Calif., April 15 -- Corio, Inc. (Nasdaq: CRIO) ( http://www.corio.com/press ), a leading enterprise application service provider, today announced that ASRC Service Center, Inc., the shared services management company owned by Arctic Slope Regional Corporation (ASRC), has selected Corio to upgrade its ERP platform using Corio Development(TM), an on demand infrastructure and application management service designed to reduce the costs and delivery time of enterprise application development projects. Corio Development(TM) is a component of Corio's Applications on Demand(TM) family of products and services.

ASRC Service Center is an independent company that provides IT and other support services for Arctic Slope Regional Corporation's (ASRC) 6,000 employees. ASRC has been a Corio Applications on Demand(TM) customer since 2002 for infrastructure and application management services.

Corio Development(TM) is a pay-as-you-go, on demand service to support enterprise application development projects. Corio Development(TM) delivers a secure, fully patched infrastructure 'sandbox' environment in as little as five days. Customers are able to scale the service as their needs evolve, defer expensive infrastructure costs and accelerate projects. Through Corio Development(TM) project teams gain valuable information of the exact architecture and sizing requirements for production before costly procurements are committed.

Corio Development(TM) provides the following services for leading enterprise applications:

-- S, M, L Class configurations
-- Hardware, application installation and patching
-- End-to-end infrastructure hosting
-- Application and database administration expert services
-- "Go-live" delivery in as little as five days
-- Corio iSRVCE(R) technology resource management (TRM) support
-- 'Pay-as-you-go' pricing with no long term commitments

"Corio Development(TM) provides us with a reliable, cost effective upgrade solution," said Greg Gapinski, president of ASRC Service Center. "Corio has consistently demonstrated their commitment to our success." "ASRC is leveraging on demand services to become more efficient," said John Ottman, executive vice president of Worldwide Markets at Corio. "Corio Applications on Demand(TM) delivers the high reliability they require and reduces operational costs."

About Corio, Inc.

Corio, Inc. (Nasdaq: CRIO) is a leading enterprise application service provider (ASP). Corio Applications on Demand(TM) is a service that delivers enterprise applications from leading software vendors for a monthly fee. Corio provides infrastructure, applications management, professional services and Corio iSRVCE technology resource management (TRM) software. Corio guarantees system reliability through service level agreements (SLA's) and allows customers to 'pay-as-you-go,' minimizing expensive upfront project costs, improving return on investment (ROI) and reducing IT cost overall. Additional information about Corio is available at http://www.corio.com .

About Arctic Slope Regional Corporation

The Arctic Slope Regional Corporation (ASRC) is a private, for profit Alaska Native-owned company representing the business interests of the Arctic Slope Inupiat. The family of companies of ASRC extend into engineering, financial management, oil & gas support services, petroleum refining and distribution, civil construction, and communications. The corporation employs 6,000 people and has title to approximately five million acres of land. Additional information about ASRC is available at http://www.asrc.com .

Corio, iSRVCE and SRVCE are registered trademarks of Corio, Inc. Applications on Demand(TM) is a trademark of Corio, Inc. All other product and company names mentioned herein may be the trademarks of their respective owners.