Short Takes - People & Positions:

Janpieter Scheerder Joins LiveVault Advisory Board

LiveVault Corporation, a leading provider of fully managed online backup and recovery services, has announced that former Sun Microsystems Network Storage Group president Janpieter Scheerder has joined the company's board of advisors. Scheerder is one of the best known and highly regarded technology industry executives, with a background ranging from operating systems to groundbreaking storage systems. He brings extensive expertise to LiveVault at a time when the company is experiencing enormous growth in demand for its online backup and recovery services. In the past year, the amount of customer data being protected by LiveVault has increased more than tenfold.

"We're excited to have Janpieter join LiveVault," said Bob Cramer, president and CEO of LiveVault. "His insight will be invaluable in ensuring our continued success in building our business. We plan to fully capitalize on Janpieter's broad experience as we pursue the enormous online data protection and disaster recovery market opportunity."

Scheerder has a 25-year industry record of successfully leading the development and marketing of software, networking and storage systems. He retired in 2001 after a decade at Sun Microsystems where he was most recently president of Sun's Network Storage Group. Previously, Scheerder was president of SunSoft, where he was responsible for the development, marketing and sales of Sun's software products, including Solaris.

Prior to his Sun tenure, Scheerder spent 15 years at Data General in various sales, marketing and engineering positions. He was responsible for the development of the first AViiON and CLARiiON RAID systems, which were breakthroughs in high-performance storage technology. Scheerder holds a bachelor's degree in electrical engineering from HTS UTRECHT in Holland.

"LiveVault has exactly the right set of skills and technologies needed to capture the demand for distributed backup and recovery," said Scheerder. "With the widespread use of smaller, networked servers and storage devices, traditional backup and recovery methods will not be sufficient."

LiveVault's Online Backup & Recovery Service provides critical data protection to small- and medium-sized businesses, as well as remote locations of larger enterprises. LiveVault allows these companies to automatically back up their data to a secure, off-site Iron Mountain facility, where it can be quickly and easily restored in the event of human error, system failure, virus attack or disaster.

Earlier this year, LiveVault announced $8 million in equity financing, which was led by Matrix Partners and Atlas Venture.

LiveVault is available through its network of sales partners, including Iron Mountain, HP and others. For more information, please visit www.livevault.com, contact sales@livevault.com or call 800-638-5518.

About LiveVault Corporation

LiveVault Corporation is a leading provider of fully managed online data backup and recovery services. LiveVault backs up server data, archives it in a secure remote Iron Mountain facility, and makes it instantaneously available for recovery 7x24x365, thus freeing customers to focus on running their businesses rather than deciding how best to implement a data disaster recovery plan. Through its partnerships with Iron Mountain, Hewlett-Packard, Microsoft, and others, LiveVault helps ensure the business continuity of small- and medium-sized businesses, as well as remote offices of larger enterprises. Founded in 1993, LiveVault is based in Marlborough, Massachusetts. For more information visit www.livevault.com or call 508-460-6670.

Former VERITAS Chairman And CEO Joins VERITAS Board Of Dirs

OuterBay, a provider of application data management software, has announced that former VERITAS Chairman and CEO, Mark Leslie, has joined its board of directors. Leslie led the team that refocused VERITAS on the storage software market, which drove the success of the company. Leslie's background makes him uniquely suited to provide strategic direction and support as OuterBay continues to expand its market.

Leslie served as chief executive officer of VERITAS from 1990 to November of 2000. During his tenure as Chairman and CEO, the company grew from 12 employees to 5,500 globally and built its revenue base from $400,000 per year to $1.2 billion per year and became a Fortune 1000 company. Currently, he is an adjunct professor at Stanford Graduate School of Business, serves on a number of public, private and non-profit boards, and is the managing director of Leslie Ventures, a private investment company.

The management of application data growth is a costly and critical business issue," said Mark Leslie. "OuterBay's Application Data Management software represents a breakthrough solution that has the potential to be the next "killer application" in the storage space. After working with Michael Howard at VERITAS, I am looking forward to working closely with him as OuterBay's CEO to build a great company."

OuterBay's other board members include Allen Beasley of Redpoint Ventures, Rory O'Driscoll of BA Venture Partners, Peter Rip of Leapfrog Ventures, OuterBay co-founder and vice president of corporate strategy Rich Butterfield, and Howard as Chairman.

Howard said, "I am extremely proud to welcome Mark Leslie to the OuterBay Board. Mark is one of the most well-known and well-respected leaders in the storage technology industry. I look forward to his guidance and support."

About OuterBay

OuterBay's application data management 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 MonitorT, LiveArchiveT, and Instance GeneratorT. OuterBay's product suite is engineered to work with leading ERP, CRM and supply chain 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. Customers include Fortune 500 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.

Contact: Maureen Miller, The Devon Group, 732-542-2000x29, maureen@devonpr.com.