Liquid Machines Appoints Former Akamai Chief Operating Officer Michael Ruffolo as President and Chief Executive Officer

Liquid Machines today announced that Michael Ruffolo, former chief operating officer at Akamai, has been appointed president and chief executive officer of Liquid Machines. With senior leadership experience in the high-technology industry at companies including EMC, Xerox and NCR, Ruffolo joins Liquid Machines as it capitalizes on the significant growth opportunity for its enterprise rights management (ERM) solution.

"Liquid Machines is well positioned to lead the enterprise rights management market," stated Mike Ruffolo, president and CEO of Liquid Machines, Inc. "With superior ease-of-use capabilities, Liquid Machines turns security into a business enabler, allowing customers to freely collaborate with partners and suppliers. I'm looking forward to working with the company's experienced management team as we take Liquid Machines to the next level."

Ruffolo's career spans more than 20 years of experience in global sales and marketing management, professional services, operations and information technology. As the COO of Akamai, he successfully refocused the company on the enterprise and government markets, driving double-digit revenue growth while dramatically improving operating results. Prior to Akamai, Ruffolo was executive vice president of global sales, services and marketing at EMC Corporation where he drove over $8.5 billion in revenue. In addition, Ruffolo was president of the Document Solutions Group at Xerox Corporation, in which he had worldwide operational and profit responsibility for the group delivering annual revenues of more than $3 billion. Before joining Xerox, Ruffolo was vice president and chief information officer (CIO) at NCR Corporation.

Ruffolo will succeed co-founder Jim Schoonmaker, who remains on the Board of Directors at Liquid Machines and in a strategic role aimed at expanding partner relationships.

"We're very excited to welcome one of the industry's most experienced technology executives to the helm," said Jim Schoonmaker, co-founder and board member of Liquid Machines. "Mike's appointment enables us to leverage our early successes and drive profitable revenue growth in the enterprise rights management market."

Ruffolo currently serves as a director of Open Service in Westboro, Mass. and POPstick in Boston. He is also an advisory board member at Virtusa in Westboro, Mass., Adventis in Boston, and i-Phrase Technologies in Cambridge, Mass. He graduated summa cum laude from the University of Dayton, earned an M.B.A. from Harvard Business School, and has completed the Advanced Management Programme at the European Institute of International Business (INSEAD).

About Liquid Machines

Liquid Machines is the leading enterprise rights management platform that provides the ability to secure, control, and share critical business information while protecting intellectual property and ensuring compliance with regulations. Liquid Machines enforces access and usage policies throughout the information lifecycle -- including content creation, collaboration, editing, publishing and distribution -- without disrupting the way users work. Liquid Machines does not require enterprises to modify or upgrade applications, enabling enterprise rights management for the most diverse environments, spanning from popular desktop, email, web-based and collaboration solutions, and commercial or custom-based line-of-business applications. Based in Lexington, Massachusetts, Liquid Machines is privately held and is backed by Atlas Venture, Masthead Venture Partners, and Draper Fisher Jurvetson. For more information on the company, visit us at www.liquidmachines.com.

Contacts: Bryan Scanlon Schwartz Communications, Inc. (781) 684-0770 lmpr@schwartz-pr.com