PRESS RELEASE

Contact Information

Raining Data Corporation Announces
Fourth Quarter and Year-end Results

Raining Data achieves positive EBITDA in
first full quarter of merged operations.

IRVINE, CA., June 29, 2001-Raining Data Corporation (NASDAQ: RDTA) today announced financial results for the fourth quarter and fiscal year ended March 31, 2001.

Revenues for the fourth quarter ending March 31, 2001 totaled $6.0 million compared to $1.3 million for the fourth quarter ending March 31, 2000. This revenue increase reflects the first full quarter of combined operations following the acquisition of PickAX, Inc., the holding company for Pick Systems, in December 2000 by Omnis Technology Corporation. Immediately following the acquisition, Omnis changed its name to Raining Data Corporation. All Omnis and Pick subsidiary companies have now changed their names to reflect the Raining Data identity as well.

Earnings before interest, taxes, depreciation, and amortization (EBITDA) was a positive $1.1 million for the quarter ending March 31, 2001 as compared to an EBITDA loss of $1.5 million for the quarter ending March 31, 2000. The operating loss for the fourth quarter ending March 31, 2001 was $1.6 million, which included $0.5 million in depreciation and amortization expense and $2.2 million in goodwill amortization. Operating losses for the fourth quarter ended March 31, 2000 were $3.4 million, which included $1.9 million in depreciation and amortization expense. Net losses for the fourth quarter ending March 31, 2001 were $2.5 million, or $0.16 per share compared to a loss of $3.5 million, or $0.36 per share in the fourth quarter ending March 31, 2000.

For the fiscal year ending March 31, 2001, revenues were $10.8 million compared to $6.2 million for the fiscal year ending March 31, 2000. For the year ending March 2001, net losses were $8.9 million or $0.75 per share compared to $4.7 million or $0.48 per share for the prior fiscal year.

Bryce J. Burns, Chairman of Raining Data stated, "Our initial objectives following the acquisition of PickAX were: 1) to take those steps necessary to reach positive EBITDA and 2) integrate the two technology teams to rapidly develop new compelling product offerings. I am pleased to say that we were able to accomplish both objectives during our first full quarter of operations. As a result the integration of the two companies has been very successful"

Mr. Burns commented further, "As an example of our joint technology development we introduced mvDesigner at our Worldwide User Conference in Long Beach in May. This product, which was a result of a development effort between the two technology teams, has further validated the synergies between Omnis and Pick Systems. This product combines the best of both technologies and provides our large base of customers with Web enabling technology while preserving their investment in their application".

mvDesigner is a state-of-the-art rapid application development (RAD) tool which brings an elegant graphical user interface (GUI) and object-oriented development methodology to the MultiValue database market. mvDesigner also simplifies the transition to an event-driven programming environment for a MultiValue developer while allowing the preservation of existing investment in business rules (program logic) and database design. Additionally, mvDesigner applications are easily deployed to thick, thin, or even ultra-thin client environments.

Mr. Burns continued, "An additional development accomplishment since the merger is the availability of mvDesigner for both the UniVerse and UniData (U2) market spaces. The interest from Raining Data, UniVerse and UniData customers alike has been terrific. As an indication of adoption, we have tripled the number of training classes available to software developers and system integrators over the next three months and they are filled to capacity."

"During periods of economic challenge," Mr. Burns concluded, "many companies look to leverage their existing IT infrastructure to improve productivity and keep costs down. mvDesigner absolutely addresses this need by enhancing and extending the capabilities of existing applications."

About Raining Data

Raining Data Corporation, headquartered in Irvine, California, offers a comprehensive suite of high-performance, cost-effective software infrastructure solutions that enable developers to create highly scalable, enterprise-level Web-enabled applications. With a powerful range of low-cost, quick-to-market alternatives, the new product platform is designed to meet the needs of Raining Data's large combined base of existing customers as well as new eBusiness software developers.

Raining Data's flagship products are: 1) mvDesigner, the first object-oriented rapid application development (RAD) tool developed for use with multidimensional database applications, 2) Omnis Studio® -- a powerful, cross-platform, object-oriented RAD tool that is ideally suited for developing sophisticated thick-client, Web-client, or ultrathin-client database applications, and 3) a family of multidimensional database management products that are the choice of thousands of application developers worldwide.

The statements in this press release that are not historical facts are forward-looking statements, including but not limited to discussions of synergies relating to the effect of the PickAX acquisition, success of mvDesigner, future products (including mvEnterprise 9.0), market response and market opportunities. These forward-looking statements are inherently subject to numerous risks and uncertainties and the Company's actual results could differ materially from those in such forward-looking statements. In particular, among the factors that could cause actual results to differ materially are difficulties related to the integration of the newly acquired business, increased competition, and the timing and market acceptance of new products and services. Please consult the various reports and documents filed by Raining Data Corporation, formerly known as Omnis Technology Corporation, with the U.S. Securities and Exchange Commission, including but not limited to the Annual Report of the Company on Form 10-KSB for the fiscal year ending March 31, 2001. All forward-looking statements are made as of the date hereof and the Company disclaims any responsibility to update or revise any forward- looking statement provided in this news release.

mvDesigner, D3, mvEnterprise, mv.BASE, Omnis Studio, Power95, R91, AP, Mentor, and Pick Systems are registered trademarks of Raining Data Corporation. Omnis is a registered trademark of Raining Data UK Limited, a subsidiary of Raining Data Corporation. UniVerse and UniData are the registered trademarks of Informix Corporation.