PlateSpin Announces 1000th Customer Milestone and New Executive Appointments; PlateSpin Appoints Key Executives, Strengthening Its Leadership Team to Match Accelerated Growth Path

TORONTO--(BUSINESS WIRE)--May 17, 2006--PlateSpin today announced that more than 1,000 enterprise customers have selected the company's data center software solutions to manage continuous server consolidations, hardware migration, virtualization, disaster recovery, and the ongoing optimization of their data centers. In recording its fifth consecutive quarter of record revenue, PlateSpin added significant customers this past quarter to surpass the 1000th customer milestone, including Aegon, Nationwide, Axa Tech, Hawaiian Airlines, BP and Fidelity Investments.

"As companies quickly transition to virtual infrastructure, one of the key challenges they face is how to migrate data, applications, and operating systems into the virtualized environments," said Eric Courville, PlateSpin's Vice President of Sales and Business Development. "We are proud to reach this significant milestone. Our continued success is a result of our dedicated Authorized partners worldwide and our commitment to deliver superior data center optimization products with world-class support."

PlateSpin also announced the following new appointments to the executive management team to further enhance the company's strategy and accelerate its rapid growth in the virtualization marketplace:

Paul Philp, Chief Technology Officer, has more than 25 years experience in commercial software in a variety of senior product development, product management and business strategy roles. Prior to joining PlateSpin, Paul consulted with a number of software companies, such as Platform Computing, on their business, marketing and technology strategies. Paul was co-founder and CEO of Visible Decisions Inc. before it was sold to Intel Capital-financed Visual Insights, and also held a number of senior roles at Alias Research (acquired by Autodesk). Paul will own technological strategy and direction for the company to build and maintain PlateSpin's long term success.

Israel Ben-Ishai, Vice-President, Product Development, manages the product R&D and the entire development cycle to ensure timely and quality delivery of innovative products. Israel has served in key product development and general management positions over the last 22 years. Over the last decade Israel developed an expertise in growing small technology organizations into efficient and professional product development groups. After holding the position of General Manager of the Toronto Lab for Nortel, Israel served in executive level roles with Certicom, Bioscrypt and MGI Software. Israel holds a Masters degree in Electrical Engineering and is a member of the Association of Professional Engineers of Ontario (PEO).

Cadman Chui, Vice-President, Marketing, has held numerous senior marketing positions over the last eight years at IT companies with products and solutions focusing on the enterprise data center. Prior to joining PlateSpin, Cadman led the product marketing and product management teams at Cybermation Inc., a leader in enterprise job scheduling and software change management. He has also held senior product management and product marketing positions at DataMirror Corporation, managing their flagship cross-platform database integration products. He holds an MBA degree from the Schulich School of Business (York University) and a Bachelor of Electrical Engineering degree from the University of Waterloo.

Jennifer Small, Director, Human Resources, manages all aspects of the Human Resource function at PlateSpin and has successfully grown PlateSpin's employee base by over 20 percent since her arrival. Jennifer's focus is aimed at designing, delivering and implementing corporate HR initiatives, professional development of senior staff, building teams and developing their individuals, while maintaining consistency and support of all departments. Over the past 13 years, she has held a variety of HR leadership and generalist roles at companies such as Cybermation, ATI Technologies, FloNetwork (now DoubleClick), Alumni Computer Group and Lincoln Reinsurance (now Swiss Re). Jennifer is a graduate of Sheridan College of Applied Arts and Technologies and a member of the Human Resources Professionals Association of Ontario.

John Stetic, Director, Product Management, is one of the founding members of PlateSpin Ltd. and will be managing the product roadmap to ensure PlateSpin's success. In addition, John is responsible for PlateSpin's service offerings, including technical support, education and professional services. John has a wide range of experience with innovative emerging software products and projects, ranging from wireless application servers to datacenter management solution. Prior to joining PlateSpin John held engineering and technical possession at software and hardware companies, including Brightspark and Classwave. John has an Engineering degree from Queen's University.

"PlateSpin has grown from a few founding members to more than 85 employees worldwide in the span of three years. PlateSpin is at a crucial stage in its development and these appointments and promotions will allow the company to further accelerate its growth in the fast-growing virtualization market," said Stephen Pollack, PlateSpin CEO. "Israel brings a passion for building exceptional products to his new position, and Cadman, John, Jennifer and Paul have already played key roles in our accelerated growth and success. Their combined skill-sets and synergy with each other and with their staff will take PlateSpin to the next level in its development."

Details and backgrounds on each of these executives can be found on the PlateSpin website http://www.platespin.com/corporate/leadership.aspx

About PlateSpin

PlateSpin provides the most advanced data center automation software designed to optimize the use of server resources across the enterprise to improve business service levels and lower costs. PlateSpin OS Portability technology liberates software from hardware platforms allowing servers to be streamed over the enterprise network from any source to any destination, ensuring best fit between server resource supply and application workload demands.

Global 2000 companies use PlateSpin solutions to lower costs and solve today's most pressing data center initiatives such as server consolidation, disaster recovery, hardware migration and test lab automation. In 2005 PlateSpin was named one of the top 25 up-and-coming technology companies by The Branham Group and won the International Business Award for Best New Company. For more information please visit www.platespin.com.

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