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Technology Stocks : StorageNetworks, Inc. (STOR)
STOR 32.210.0%Feb 3 4:00 PM EST

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To: Glenn Petersen who started this subject10/9/2001 9:25:49 AM
From: D.Austin   of 187
 
STOR gapping on news with CSCO.
Tuesday October 9, 8:57 am Eastern Time

Press Release

SOURCE: StorageNetworks, Inc.

StorageNetworks Delivers Backup and Restore
Services to Cisco Systems

Provides Software and Services To Significantly Improve Backup Yield
In Cisco's IT Environment

WALTHAM, Mass.--(BUSINESS WIRE)--Oct. 9, 2001--StorageNetworks, Inc.
(NASDAQ: STOR - news), the world's leading provider of data storage management
services, announced today that it has implemented data backup and restore services to
Cisco Systems Inc., the worldwide leader in networking for the Internet. Specifically,
StorageNetworks is now delivering its STORbackup services to Cisco's engineering and
computer services organization at Cisco's headquarters in San Jose, California.

StorageNetworks® STORbackup services are fully managed backup and restore services
that provide the day-to-day operational management and support of backup environments
for enterprise customers. These services are backed by a Service Level Agreement that
guarantees 95% backup success rates within customer-specified backup windows. The
services address the need for enterprise organizations to significantly improve backup yield -
a metric that measures optimal host coverage, backup success rates, and backup policies
that prioritize critical applications.

``Data availability, protection and recovery are at the forefront of every CIO's mind,'' said
Peter Bell, Chairman and Chief Executive Officer of StorageNetworks. ``With our software
and services, companies like Cisco are implementing a strategy to optimize backup policies,
thereby increasing data recoverability and minimizing data loss.''

As part of the service, Cisco gains access to StorageNetworks' Virtual Storage Portal(SM)
software. This software gives Cisco and other enterprise customers the ability to view their
entire backup environment, with detailed success rate information displayed by host and
saveset.

``StorageNetworks' software and services help enterprise customers like Cisco automate
and centrally manage their data backup and recovery operations, even across a highly
distributed infrastructure,'' said Doug Chandler, program director, IDC. ``As enterprise customers consolidate their server environments, StorageNetworks' services can make that transition less risky, more cost efficient and easier to carry out.''
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