Verari Systems Receives Investors' Choice Award at Datacenter Ventures 2004

San Diego, CA - Verari Systems^TM, the premier developer of powerful, platform-independent blade server systems, announced today that it has been named an Investors' Choice winner at this year's Datacenter Ventures Private Equity conference, held last week in Redwood City, Calif. The Investors' Choice award is given to the ten companies judged at Datacenter Ventures as the best positioned for long-term success.

Richard A. Shaffer, Editor-in-Chief, VentureWire announced the winners at the conclusion of the conference on September 22, 2004. "The Investors' Choice winners show strong potential to take advantage of emerging opportunities in the corporate datacenter market," said Shaffer. VentureWire, which produced Datacenter Ventures, is part of Dow Jones Newswires unit.

Verari Systems has doubled its sales nearly every year since its inception in 1996 and has quickly grown to 265 employees worldwide. More than 4,000 customers, including Boeing, ConocoPhillips, Industrial Light and Magic, Lockheed Martin, Microsoft, Motorola, NASA, NVIDIA, Northrop Grumman, Novartis, Pixar, and Shell, have chosen Verari Systems' line of high-density blade server clusters, rack-optimized servers, and high-performance technical workstations.

"We are honored to receive the 2004 Datacenter Ventures Investors' Choice Award," said Verari Systems Co-Founder and CEO David Driggers. "This award further validates the company's vision and strategy of providing next-generation blade computing for the enterprise datacenter."

On September 15, 2004, Verari Systems completed a Series B equity financing round totaling $13.3 million, which was led by Carlyle Venture Partners, and included participation from existing Verari Systems investors Sierra Ventures, Voyager Capital, and Celerity Partners. The new funds increase the company's total capital raised to $34 million to date.

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