DataSynapse Wins KPMG and AlwaysOn Innovative Award for 100 Top Private Companies 2004; Grid Computing Software Provider Recognized Among Leading Innovative Private Companies

Business Wire, July 6, 2004

NEW YORK -- DataSynapse, Inc., the fastest-growing provider of grid computing software for commercial applications has been honored with the AlwaysOn (AO)100 Top Private Companies award for 2004. The AO100 companies will be honored during a reception at the upcoming AO2004: The Innovation Summit to be held July 13th at Frances C. Arrillaga Alumni Center on the Stanford University Campus.

AlwaysOn and KPMG's emerging business practice, KPMG 1Start, identified the 2004 AO100 companies based on their innovation and demonstrated leadership in at least two key areas: market traction measured by revenue or customer growth and new approaches and technologies that are likely to cause significant change to existing markets and well-established players.

"Private company innovation is incredibly strong and continues to flourish. Over 50 of last year's AO100 companies returned to this year's list and 50 new companies have been selected that are well positioned to significantly contribute to the second-generation of the Internet," notes Tony Perkins, AlwaysOn founder.

"We are extremely honored to receive the AlwaysOn Innovative 100 Private Companies Award," said Peter Y. Lee, DataSynapse co-founder and CEO. "This award validates the strategic direction of DataSynapse as the fastest-growing provider in the emerging market for on demand computing. DataSynapse continues to triple its business, adding some of the world's leading financial institutions to its client roster and gaining traction in new markets."

For more details about the AO100 winners, please visit AlwaysOn (www.alwayson-network.com.)

About DataSynapse

DataSynapse, Inc. delivers grid computing software to optimize application performance. Its award-winning infrastructure software, GridServer, virtualizes application services and intelligently distributes them over a pool of shared, heterogeneous system resources. This solution creates an agile and responsive IT infrastructure that dynamically fulfills business requirements with available resources on demand. DataSynapse works with leading organizations in the financial services, energy, industrial and public sectors and boasts more than 50 worldwide installations including Wall Street heavyweights Bank of America, Credit Suisse First Boston, Wachovia and UBS. DataSynapse is a member of the Globus Alliance, Global Grid Forum and Enterprise Grid Alliance. The company is headquartered in New York and can be found on the World Wide Web at www.datasynapse.com.

About AlwaysOn

AlwaysOn (AO) is an "open source media company" dedicated to connecting global leaders and technology industry insiders whose ideas and innovations are shaping the always-on world. Founded in January of 2003, AO is the first and only media brand to combine participatory journalism (blogging), with a powerful social network--the AO Zaibatsu. AO believes that individuals and businesses will increasingly use interactive media applications to "step over the head of the media" and communicate directly to customers, suppliers and employees. AlwaysOn, LLC, is a privately held and virtually headquartered company born out of the heart of Silicon Valley.