INDUSTRY

Meiosys, a provider of transparent application virtualization and stateful application relocation solutions for Utility Computing, High-Performance Computing and Fault Tolerance, today announced it has secured approximately $7.5 million in an institutional round of private equity financing. The funding round was led by outside investor Credit Lyonnais Private Equity and included participation from all previous investors including Partech International, Wellington Partners and Cisco Systems. This additional financing brings Meiosys' total funding to approximately $16 million, which will cover the company's operations during its growth phase and into 2006. In addition to closing its Series D financing, Meiosys is announcing today that it has also completed a "corporate inversion" transaction, whereby it is now a Delaware headquartered company with wholly owned operating subsidiaries in Palo Alto, California and Toulouse, France. Over the last few months, Meiosys has doubled its office space in Palo Alto to accommodate further growth of its engineering and business development organizations. "We see continued growth in demand for technologies that increase efficiencies and ease management of the data center," said Claire Houry, Investment Manager at Credit Lyonnais Private Equity. "Meiosys is the only independent company in the market today licensing commercially viable application virtualization and stateful application relocation technology. This technology serves as a core enabler for a dynamic data center, which Meiosys markets to platform vendors that offer enterprise-grade Utility Computing and On-demand Computing solutions." "We had nearly a dozen world-class venture capital firms offer to lead this investment," said Jason Donahue, President and CEO at Meiosys. "The successful completion of this financing at a respectable "up-round" valuation is strong endorsement for our business model, and the additional funds will accelerate our product development and revenue growth and allow us to dramatically scale our relationships with our key go-to-market partners." "This financing round, and our recent commercial agreements with platform vendors, further validate our efforts," added Marc Rougier, COO and co-founder of Meiosys. "Our focused R&D efforts and our strong patent portfolio are bringing high performance mobility to the enterprise applications layer, which is key to implementing the next generation of the dynamic data center." Background: Established in 2001, Meiosys develops stateful application virtualization and relocation solutions for Utility Computing, High-Performance Computing and Fault Tolerance markets. Its MetaCluster product is implemented in production at leading EDA, DCM, Energy and Manufacturing companies in the USA, Europe and Asia. Meiosys is privately held with strategic financing from Cisco Systems, Partech International and Wellington Partners, among others. For more information, please visit www.meiosys.com.