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Technology Stocks : Son of SAN - Storage Networking Technologies -- Ignore unavailable to you. Want to Upgrade?

To: Douglas Nordgren who wrote (986)	1/21/1999 7:53:00 PM
From: w2j2	Read Replies (1) \| Respond to of 4808

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Jan. 21, 1999-- --Top Venture Capital Funds Join To Support DataCore Software -- the Leading Innovator in Storage Area Networks DataCore Software today announced the completion of its initial funding of $ 6.6 million by a syndicate of leading venture capital firms including New Enterprise Associates, OneLiberty Venture, and Net Angels LLP. DataCore CEO George Teixeira said: "The support of DataCore by these leading venture capital firms serves as a ringing endorsement of DataCore's strength in storage technology and our potential for explosive growth in the emerging Storage Area Network (SAN) market." DataCore Software Corporation is leading the software revolution in data access and storage systems by replacing complex and expensive proprietary hardware with advanced software running on fast "Wintel" systems. DataCore's innovative Storage Domain Server software enables emerging Storage Area Network technologies to meet the demands of today's growing mission critical databases, networks and Internet Web servers. DataCore's Teixeira said "The storage market is rapidly growing and our support by these leading venture capital firms serves notice to the market that DataCore's Storage Domain Servers will revolutionize data management and access: in the enterprise, at the desktop, and on the Internet. The combination of NEA, OneLiberty Ventures, and Net Angels LLP provides DataCore with outstanding resources including ready access to industry leaders, management depth, and market presence." New Enterprise Associates (NEA) is one of the industry's premier venture capital firms. NEA is now the leading start-up venture investor in the country. NEA's website may be found at: nea.com Since its founding in 1995, OneLiberty Ventures based in Boston has emerged as one of the leading early stage venture capital firms in the Northeast. OneLiberty Venture's website may be found at: www.oneliberty.com Net Angels LLP is an "angel" investment group composed of leading technology industry executives and investors. Net Angels not only provides venture funding to technology start ups, but also provides critical advice and counsel to today's emerging hot start ups. DataCore Software based in Fort Lauderdale, also maintains marketing offices in Silicon Valley. DataCore is developing innovative products to directly compete with products from EMC (NYSE:EMC - news), IBM (NYSE:IBM - news), and Data General (NYSE:DGN - news). For further information about DataCore Software, DataCore's corporate web site can be accessed at dcs-ware.com Note to editors: For further information about this release contact Tim Logan at 650/556-0212 or TJL@dcs-ware.com CONTACT: DataCore Software Corporation Telephone (954) 975-6603