INDUSTRY

PALO ALTO, CA -- Intransa, a privately held company focused on developing an intelligent storage solution, today announced it has raised over $15 million in venture capital financing. Intransa products will reportedly enable a new generation of cost-effective, high performance, networked storage solutions. "The appetite for storage right now is voracious. Developing a sound strategy for the storage infrastructure has never been more important. We believe that Intransa has brought together a world-class team coupled with a strong technology solution that will give them a dominant position in this increasingly complex market," said Wes Raffel, General Partner of Advanced Technology Ventures. Intransa is building a storage product family that will radically reduce the complexity of mid range through enterprise level, networked storage solutions. The team consists of highly experienced industry veterans and PhDs from top ranked research institutions lead by the founder and president Peter Wang, Vice President of Engineering Randy Harr, and Udi Paret. Geoff Baehr, General Partner, US Venture Partners said, "US Venture Partners sees Intransa as being the leader in Virtualized Storage, unifying the complex, and today fragmented, non-SAN storage market." Intransa has attracted a world-class Board of Directors with Silicon Valley veterans who have proven success records. Sitting on the Board with Peter Wang, CEO of Intransa is Chairman Eric Benhamou. Benhamou serves as Chairman of the Board at 3Com Corporation, Palm Corp. and Cypress Semiconductors. Benhamou also serves on the Board of Directors of Legato, Atrica Inc. and PITAC, and was previously CEO of 3Com from 1990-2000. Joining him is Stephen Johnson, a private investor, who was previously CEO and a founder of Komag, Incorporated. Advanced Technology Ventures General Partner Wes Raffel, who spent nearly a decade at 3Com before serving as CEO at AssureNet Pathways sits on the Board along with Geoff Baehr, General Partner, US Venture Partners. Baehr spent 13 years at Sun Microsystems, most recently as Chief Network Officer, before joining US Venture Partners in March 2001. For additional information visit www.intransa.com