Mimosa Systems Blasts into Archiving and Recovery Market With Rapid Momentum in '05; Company Successfully Launches Next-Generation Information Management Solution, Builds Strong Customer Momentum, and Secures Additional Round of Financing

Business Wire, Jan 25, 2006

SANTA CLARA, Calif. -- Mimosa Systems(TM), Inc., a leader in unified information management solutions, today announced that it exceeded its aggressive goals for 2005 across all critical corporate target areas. Mimosa released a first-in-market solution that spans email archiving, compliance, data protection and disaster recovery; built strong customer momentum signing over 40 enterprise customers across multiple industries; and gained market acceptance as the next generation solution for email management.

Company and Product Launch

The company was launched and the first product was delivered to the market on May 23rd, 2005. Mimosa NearPoint(TM) for Microsoft(R) Exchange Server unifies archiving, data protection, disaster recovery, and storage management in a single solution. Relying on patent-pending software technology, NearPoint eliminates the need for corporations to deploy multiple point products to handle different pain points around email information management, and helps transform everyday business processes and drive benefits across the organization, from CxO's to legal counsel, HR, IT staff, and most importantly business users.

Mimosa's innovative architecture has been recognized by analysts and customers alike to be the basis of a next-generation solution for unstructured and semi-structured information management.

Arun Taneja, founder and consulting analyst, Taneja Group stated, "Mimosa moved the bar much higher when they introduced NearPoint to the market. NearPoint's combined power to manage the three key Exchange challenges of archiving, recovery and storage management is possible because Mimosa took a new approach to the solution architecture. It is a major advancement in the industry, one that many enterprises have been waiting for."

NearPoint delivers a host of benefits as a result of its advanced architecture that go well beyond the competition:

--Continuous Application Shadowing: Provides continuous data protection and maintains a live archive of the corporate email system.

--Full Data Capture: Archives all Exchange information without relying on MAPI or Exchange Journaling.

--Electronic Discovery: Captures the full context, fidelity and history of each Exchange item, including messages, calendar items, notes, tasks, contacts, etc.

--Recovery Granularity: Provides single-click granular recovery at the server, storage group, information store, mailbox, and message level.

--Complete Disaster Recovery: Offers application-intelligent disaster recovery for Exchange Server data as well as the NearPoint archive across a WAN.

--Ease of Deployment: No agents on Exchange, no agents on desktops and an intuitive Outlook interface for archive access.

Strong Customer Momentum

Mimosa has driven rapid sales momentum, gaining over 40 enterprise customers in the first six months of shipping the product. Corporations across vertical industries have recognized the benefits that Mimosa NearPoint for Microsoft Exchange Server delivers, leading them to select it over competing products. Industries where Mimosa has enjoyed significant success include: defense, financial services, healthcare, manufacturing, and retail. Customers include: AAA, America's Health Insurance Plans (AHIP), Defense Contract Management Agency (DCMA), Foster's Wine Estates Americas (formerly Beringer Wines), Grange Insurance, Sears Home Improvement Products, Susquehanna Bancshares, Inc., Virtua Health, United Teachers Los Angeles (UTLA), and Washington State University -- Puyallup Research & Extension Center.

"Mimosa is a key partner in Virtua Health's vision to build a paperless digital hospital," said Tom Pacek, AVP of Technology, Virtua Health. "No other solution on the market can capture email data and provide full fidelity the way Mimosa NearPoint can with its revolutionary approach to archiving. Add to that, the ability to provide Disaster Recovery within the same solution, and Mimosa NearPoint was the natural choice to add to our state-of-the art healthcare computing environment."

Other Corporate Milestones

--Second Round of Funding: Mimosa secured a second round of funding totaling $11 million led by JAFCO Ventures. This brought the company's total venture funding to $17.5 million.

--Added Talent and Experience to Executive Team: New members of the executive team include: Donald Gieseler, previously at KVS, iXOS, and i2, who joined as vice president of North American sales and Peter Skinner, formerly with BitPass and iXOS, who became Mimosa's vice president of finance.

--Industry Recognition for Excellence: Mimosa was awarded Microsoft Gold Certified Partner status, and recognized for its competencies in Networking Infrastructure Solutions and ISV Software Solutions.

Looking Ahead to 2006

Mimosa will continue to expand the NearPoint platform with new application modules. Growing beyond email data, Mimosa will expand support for other unstructured and semi-structured information such as documents and files later in the year.

For more information about Mimosa visit www.MimosaSystems.com or call 408-970-9070.