Joe Julian Appointed to Permabit Board of Directors

CAMBRIDGE, Mass. — June 25, 2008 — Permabit Technology Corporation, the industry’s leading innovator of scalable, data-reduced storage for enterprise archiving, today announced that sales strategist Joe Julian has joined the company’s board of directors.

A prominent industry veteran, Julian is currently on the Executive Advisory Board of Virtual Iron Corporation and held a board position with Avamar Technologies, now part of EMC. Julian most recently served as senior vice president of Americas sales and global accounts for VERITAS Software, a leading provider of storage and infrastructure software products. VERITAS was acquired by Symantec in July 2005.

“Joe is an outstanding addition to our team. He is uniquely qualified to assist us in optimizing our sales organization to capture new business wins in the largest enterprise accounts, which is our target market and one of the most challenging to penetrate,” said Tom Cook, CEO of Permabit. “With his impressive track record and sales experience coupled with Permabit’s industry-leading archiving solution, we’re confident we have a winning combination.”

“Companies are faced with increasing costs for people, power, and storage resources while their IT budgets are shrinking,” said Julian. “Permabit’s 21st century technology solves a 20 year old IT problem of how to cost effectively manage static data through archiving. The choices for hardware and software are often limited and usually expensive. The economics that Permabit provides with its technological solution make it truly a smart money purchase for IT buyers today.”

Julian joins Permabit’s existing board of directors that consists of Tom Cook, Permabit CEO and president; Clint McVey, Permabit senior vice president of development; and Bill Reeves, co-founder of Blue Crest Capital Management Limited (acquired by UK-based Man Group).

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 www.permabit.com.

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