Transitive® Selected as European Information and Communication Technologies Grand Prize Nominee

Business Wire, Feb 19, 2007

MANCHESTER, England -- Transitive[R] Limited, the leading provider of software that enables transportability of software applications across multiple hardware platforms, announced today that it has been selected as a European Information and Communication Technologies (ICT) "Grand Prize Nominee." Transitive has progressed to the final shortlist of 20 companies competing for the European ICT Grand Prize, the most distinguished award for innovative products and services that represent the best of European innovation in ICT.

The Prize is awarded to companies for new and imaginative products and services based on information and communications technologies, or "digital technologies." This covers the converging fields of computer, media and communications industries - considered to be among the driving forces in modern economies. The Prize is supported by the European Commission as part of its efforts to promote Europe's ICT industry and boost growth.

"This second-round nomination clearly recognises Transitive's strengths in innovation and in market potential," said Alasdair Rawsthorne, founder and CTO of Transitive. "We are delighted that the European academies of Engineering have shown this appreciation of our superb engineering team and their ability to deliver our hardware virtualization products to a global customer base of more than 5 million users."

This year, the European ICT organization received its highest-ever number of submissions -- 450 applications from 30 countries. On January 29, 2007 the panel of 16 judges initially selected 70 companies (including Transitive) as "Prize Nominees" for this prestigious award, to be awarded in March. From this group of 20 "Grand Prize Nominees" (including Transitive) announced today, 3 "Grand Prize Winners" will be announced at CeBIT in Hanover, Germany on March 16, 2007.

About The ICT Prize

The European Information and Communication Technologies Prize is organized by Euro-CASE* with the support and sponsorship of the European Commission. Follow the European ICT Prize selection process at: www.ict-prize.org.

*Euro-CASE is a European non-profit organization of national academies of Engineering, Technologies and Applied Sciences from 20 European countries.

About Transitive

Transitive is a leader in providing solutions that allow the transportability of software applications across multiple hardware platforms. The company's QuickTransit[R] solutions allows software applications that have been compiled for one processor/operating system to run on another without any source code or binary changes and at speeds comparable to native ports. The QuickTransit application transport solution allows data center managers to transport legacy enterprise applications quickly and easily from outdated, proprietary hardware to modern, industry-standard platforms without incurring the costs and delays of porting projects, and with no disruption to end users. QuickTransit technology also facilitates computer companies' migration to new hardware platforms; dramatically reduces software developers' cost, risk, and time-to-market in supporting multiple hardware platforms; and makes significantly more software available for more hardware platforms. QuickTransit technology provides the engine for Apple's Rosetta translation software and is currently shipping on all of Apple's Intel-based computers.

Transitive Corporation is located in Los Gatos, California with a research and development team located at Transitive Limited in Manchester, United Kingdom. The company is privately held, with funding participation by Pond Venture Partners Ltd., Manchester Technology Fund, Crescendo Ventures and Accel Partners. For more information, please visit Transitive's website at www.transitive.com.

Transitive and QuickTransit are registered trademarks, and the Transitive logo is a trademark of Transitive Corporation and/or its affiliates in the United States and other countries. All other company and product names may be trademarks of their respective owners.