StorageNetworks Announces STORfusion; StorageNetworks Software Becoming The Industry Standard for Delivering Data Storage Management

Business Wire, May 14, 2001

Business/Technology Editors

WALTHAM, Mass.--(BUSINESS WIRE)--May 14, 2001

Company Signs STORfusion Partner, Fujitsu Limited

StorageNetworks, Inc. (NASDAQ: STOR), the world's leading provider of data storage management services, today announced a major new service line-of-business for the company - the STORfusion(SM) service. The new service line enables telecommunications companies and computing, network, and infrastructure-based service providers to rapidly enter the data storage management services market. The STORfusion service will increase StorageNetworks' market leadership position in the data storage management services market. It will also expand StorageNetworks' market reach into new geographic and vertical markets. In a related announcement, StorageNetworks(SM) stated today that Fujitsu Limited, the leading provider of Internet-focused information technology solutions for the global marketplace, has chosen STORfusion as the storage service management platform for their offering in Japan.

The STORfusion service is an opportunity for these service providers to create a significant source of incremental revenue by enabling them to offer data storage management services to their customers, manage their storage infrastructure, increase their levels of service, and improve overall customer satisfaction. Moreover, the STORfusion service enables service providers to improve their cost structure by allowing for the integration of multiple vendor technologies within their infrastructure, thus driving down capital expenditures and further improving performance.

"The StorageNetworks STORfusion service enables service provider customers to tap into the rapidly growing $100 billion storage industry and into what is quickly becoming one of the hottest segments of the IT industry - data storage management services," said Doug Chandler, a program manager at International Data Corp. (IDC). "With the launch of the STORfusion service, StorageNetworks continues to execute on its strategy to deliver a robust and heterogeneous software platform for data storage management."

The STORfusion service consists of StorageNetworks' software, processes, and 24x7 global monitoring and management capabilities. Specifically, the software includes StorageNetworks STORos(SM) storage operating system, Virtual Storage Portal(SM) (VSP(SM)) storage service management software, and STORvision(SM) command and control software.

"StorageNetworks is one of the few service providers capable of delivering scalable software and a multi-vendor infrastructure to support companies seeking to grow their business in the data storage management services space," said Yoshihisa Nagano, Group Executive Vice President, Fujitsu Limited. "The STORfusion service allows Fujitsu to quickly enhance our presence in the data storage management services market, minimize development expenditures, and fully leverage our existing customer base to offer value-added services."

"The STORfusion service allows StorageNetworks to leverage our robust, heterogeneous software platform to become the de-facto standard in data storage management. Furthermore, it allows StorageNetworks to significantly broaden our market reach and penetration," said Peter Bell, chairman and CEO of StorageNetworks. "For instance, through our newly announced partnership with Fujitsu, we will be able to accelerate our market penetration in Japan."

Added Bell, "Service providers looking to provide data storage management services are faced with even greater complexities than the most sophisticated enterprises. Our STORfusion service not only simplifies data storage management but also accelerates our partners' ability to deliver data storage as a service to their customers."

STORfusion services are available immediately in the U.S., Europe and the Asia-Pacific region.

StorageNetworks Teleconference / Web Cast

StorageNetworks will host a teleconference / Web cast today Monday, May 14 at 10:00 a.m. EDT, to discuss the new STORfusion service offering. Peter Bell, chairman and CEO, and John Clavin, executive vice president of marketing of StorageNetworks, will discuss the offering in detail.

To join the call, please dial:
US/Canada Dial-In Number:  (877) 381-6214
International/Local Dial-In Number:  (706) 679-7710

To join the Web cast, please go to our web site at
www.storagenetworks.com.

About StorageNetworks

StorageNetworks, Inc. (NASDAQ: STOR) is the world's leading provider of data storage management services, and an innovator of storage management software. Our technology, software, and services enable enterprises to easily and cost-effectively store rapidly growing volumes of business-critical information. We simplify data storage management and empower our customers with increased control and optimal utilization of their complex storage environments. StorageNetworks, headquartered in Waltham, Massachusetts, has offices worldwide. For further information, visit our Web site at www.StorageNetworks.com, email info@StorageNetworks.com, or call 1.800.463.7105.