Evergrid Changes Name to Librato

New Name Reflects Company's Expanded Focus into Application
Workload Management for Enterprise Data Centers
SANTA CLARA, Calif.--(Business Wire)--
Evergrid, Inc. today announced the company will change its name to
Librato, Inc. (www.librato.com), effective immediately. The new name
encompasses the expanded scope of the company's product offerings
which now includes application workload management in addition to grid
computing products. Librato Load Manager helps balance application
workloads to deliver predictable application performance and optimal
resource utilization for x86 platforms on physical or virtual servers.
These capabilities enable customers to run more applications on fewer
servers without compromising business goals.

"With the introduction of Load Manager earlier this year, our
product offerings expanded to cover a wide-range of application
environments in enterprise data centers, as well as continuing to
support grid computing environments," said Fred van den Bosch, CEO of
Librato, Inc. "Our focus is on reducing data center expenses by
optimally balancing application resource consumption and Quality of
Service through a family of application workload management products.
The name Librato reflects the widened scope of our offerings."

Founded in 2005, Librato first developed a unique technology for
lightweight, transparent checkpoint/restart and migration
capabilities, for high performance grid computing environments. This
technology required detailed knowledge of application structure and
state. Leveraging this core technology and expertise, Librato expanded
its product portfolio by adding an application workload management
solution, Load Manager.

About Librato, Inc.

Librato is a leader in application workload management software
that enables customers to reduce expenses by continuing to meet
business goals with fewer data center resources. The company's core
technology is based on innovative techniques to monitor and control
system resource usage by applications without requiring any
application or operating system modifications. This allows Librato
products to be seamlessly deployed in existing data center
infrastructures and generate a rapid return on investment. The company
is headquartered in Santa Clara, California with offices in
Blacksburg, Virginia and Pune, India. For more information, visit
www.librato.com.

Evergrid, the Evergrid logo, Librato, the Librato logo and Librato
Load Manager are trademarks or registered trademarks of Librato, Inc.

Mindshare PR
Heather Fitzsimmons, 650-947-7400
heather@mindsharepr.com

Copyright Business Wire 2008