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OuterBay Forms Advisory Board: Appoints Peter Levine

OuterBay, the provider of Application Resource Management (ARM) software, announced the formation of its advisory board and the appointment of Peter Levine as its first member. Levine's active participation in the board and extensive expertise in numerous aspects of the software industry, including marketing, business development and engineering, will help contribute to the growth of OuterBay.

Levine was most recently at VERITAS software. There, as executive vice president for strategic and platform operations, he was responsible for worldwide marketing, OEM sales, business development (M&A, Venture Fund), and numerous new product and platform development groups. Levine had an eleven-year tenure at VERITAS, beginning as a software engineer who helped build the first release of that company's products.

Prior to his work at VERITAS, Levine was a software engineer at MIT's Project Athena, where he worked on a variety of distributed computing projects. He holds a B.S. in engineering from Boston University and attended the Sloan School of Management at MIT.

"We're pleased to welcome Peter as the first member of our advisory board," said Michael Howard, CEO of OuterBay. "Peter's deep application expertise will enable him to play a strategic role as we further develop and deliver to market our Application Resource Management solutions."

"OuterBay is a leader in next-generation application-aware infrastructure," said Peter Levine. "Their solutions add tremendous value to an IT organization's ability to manage ever-growing application data environments."

About OuterBay

OuterBay's Application Resource Management (ARM) solutions are a new class of application aware infrastructure. OuterBay's software monitors and manages data growth in the application environment and takes action to maintain high service levels of performance and stability. OuterBay's products include Application Resource Manager, LiveArchive, and Instance Generator. OuterBay's product suite is engineered to work with leading ERP and CRM applications and reduces the total cost of ownership associated with enterprise application environments.

Founded in 1997, OuterBay is headquartered in Silicon Valley with offices in the United States, Europe and Australia. In September 2001, the Company closed its Series A funding of $10 million led by BA Venture Partners and Leapfrog Ventures LLC. Customers include Fortune 1000 and emerging global economy leaders in such industries as high technology, manufacturing, and financial services. For more information on OuterBay's solutions, contact OuterBay at www.outerbay.com or 408-340-1200.