July 8, 2008

Permabit Expands Executive Management Team

CAMBRIDGE, Mass., July 8 /PRNewswire/ -- Permabit Technology Corporation, the provider of scalable, data reduced storage for enterprise archiving, today announced the appointment of Ed Reilly as vice president of worldwide sales and the promotion of Katherine Edwards to vice president of human resources. Reilly has held executive and managerial positions with Altiris (acquired by Symantec in 2007), Peregrine Systems, Siebel Systems and Oracle. He will be responsible for driving Permabit's sales operations and execution. Edwards has worked at Permabit for over three years and prior to joining Permabit, worked as a member of the human resources team in the Boston office of PricewaterhouseCoopers. At Permabit, she will expand her role designing and managing human resources initiatives that exploit and support business growth.

"We're in high growth mode at Permabit due to the tremendous market opportunity and growing demand for our enterprise archiving solution," said Tom Cook, CEO of Permabit. "We've charged Ed with building a strong enterprise sales force and delivering seamless management of our largest accounts. Meanwhile, we will look to Katherine to drive our business forward through a focus on growth, retention, leadership development, and assimilation of new team members."

With more than 20 years of experience, Reilly has driven sales growth at leading technology companies with more than $1 billion revenue in areas such as infrastructure management, CRM, ERP, and service management. Before joining Permabit, Reilly served as general manager for Altiris' EMEA operations. He was also vice president of EMEA sales of the Altiris business unit of Symantec. Prior to joining Altiris, Reilly was vice president of sales for Peregrine Systems, where he was responsible for eastern area sales for the United States. His areas of expertise include sales, sales management, business development, IT operations and finance.

Edwards is a senior human resources professional with more than 15 years experience providing expertise in the areas of recruitment, organizational development, benefits and compensation, and training in organizations ranging from startups to large worldwide organizations. She has played a key role in the human resources functions with companies and clients in both the public and private sectors with a focus on high tech, biotechnology and professional services entities.

About Permabit Enterprise Archive Data Center Series

The Permabit Enterprise Archive Data Center Series ensures long-term integrity of information for large enterprises while dramatically shrinking operating expenses. Featuring patent-pending technologies including RAIN-EC and Scalable Data Reduction (SDR), the product delivers disk-based information retention that is 250 times more reliable than RAID 6 technology while scaling up to 3 petabytes of disk capacity. Taking into account the data reduction that Permabit's SDR technology can achieve, multiple petabytes of data can be stored for as little as 33 cents per gigabyte. With this revolutionary new technology, Permabit is delivering the industry's safest and most cost-effective disk-based archiving solution.

About Permabit Technology Corporation

Permabit is the leading supplier of scalable data reduced storage for enterprise archiving. Permabit was founded in 2000 by a technical and business team from Massachusetts Institute of Technology. For more information visit http://www.permabit.com/.

Permabit Technology Corporation

CONTACT: Angela Griffo of Trainer Communications, +1-949-842-7695,[email protected], for Permabit Technology Corporation

Web site: http://www.permabit.com/