SYSTEMS

SAN JOSE, CALIF. — Rackable Systems, Inc. announced that it has inked a strategic agreement with PTI Ventures, LLC, a Taiwan and Silicon Valley-Based venture firm providing capital and strategic management resources. The agreement will leverage PTI Ventures' proven expertise and extensive relationships with world-class electronic component and systems vendors in Taiwan, enabling Rackable to expand its capabilities to provide its customers with high-quality server and storage systems at low cost. The company also announced that PTI Ventures has provided Rackable with a $1.5M investment as part of Rackable’s previously announced Series A Financing led by Parthenon Capital, a leading private equity firm. PTI Ventures was established by Mr. C.S. Ho, formerly the founder and CEO of the MiTAC Group, an $8B IT conglomerate originated from Taiwan. “With its unique strengths in product design, packaging density, serviceability and improved thermodynamics, Rackable is a formidable leader in the fast growing rack-optimized server market. We are pleased to be a strategic partner of Rackable, helping the Company grow by leveraging our experience, know-how and industrial network in the US and Asia”, said C.S. Ho, founder and a general partner of PTI Ventures, and currently Honorary Chairman of the Taipei Computer Association in Taiwan.-- more -- “We very much value PTI’s operational expertise and extensive network,” said Tom Barton, Rackable President and CEO. “Rackable’s aim is to attain operational excellence and this partnership with PTI is a significant step toward gaining access to world-class, low cost manufacturing and supply chains.