Solidcore Surpasses 50th Customer Milestone

Leading Provider of IT Control Solutions Secures $10m in Series C Funding to Expand Customer Support and Channel Growth

PALO ALTO, California - February 21, 2006 - Solidcore Systems, Inc., the leading provider of IT control solutions, today announced that it has surpasses a major customer adoption milestone. Solidcore has developed a strong and multi-stream revenue model from its direct, indirect and OEM channels which is driving unprecedented growth and penetration in the market. Commercial deployments are largely in the automotive, healthcare, utility, retail, e-commerce and military verticals and OEM customers who embed Solidcore technology include ATM, storage, and medical device manufacturers. Solidcore solutions address a wide range of salient business needs including change control, compliance, NT4 remediation and end-point security. Related to the company’s growth, it has secured $10m in series C funding. The company’s existing investors, Matrix Partners, Menlo Ventures, and Sevin Rosen Funds, are leading the current investment round.

"Solidcore has found that there is a real and urgent need for control of deployed devices that is not being addressed in the market today," said Rosen Sharma, president and CEO of Solidcore. "The value of our technology is that it delivers complete visibility and control of what is running and what is changing on deployed devices without adversely affecting operations or system performance. These properties make it uniquely suitable for both the commercial and embedded OEM markets. We are pleased to continue working with our venture partners to support the growth demonstrated by the rapid adoption and deployment of our S3 Control product line."

"Solidcore has used their experience and talent to develop and market innovative IT control technology that fulfills a previously unmet need in several large markets," said Shirish Sathaye, general partner in Matrix Partners. "They are now taking full advantage of this market opportunity."

According to Sonja Hoel, managing director of Menlo Ventures, "Solidcore is an innovative company that is becoming a leader in a new and fast-growing market. They have developed a unique product that solves a widespread and serious problem. We are excited by the possibilities presented in this next stage of their business development."

"We initially invested in Solidcore because we recognized the innovation in their approach," said Nick Sturiale, general partner in Sevin Rosen Funds. "We continue to invest in the company because we are seeing that their solution is having a broad impact on the market."

About Solidcore
Solidcore Systems is the leading provider of IT control solutions that facilitate an organization's ability to gain cost-effective and categorical control of its IT operations and realize immediate and tangible value in change control, compliance, and security. Leading Fortune 500 companies and U.S. government agencies utilize Solidcore solutions. Solidcore is a private, venture-backed enterprise software company with its headquarters in Palo Alto, California. Please call toll free (888) 210-6530 or visit www.solidcore.com for more information.

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