Plasmon Inc. Announces Successful Completion of Private Equity Buyout

Management and Operations are Strengthened by Centralization in
the U.S.
COLORADO SPRINGS, Colo.--(Business Wire)--
Newly formed Plasmon Holding LLC announced today that it has
completed a management buyout and organizational restructuring of
assets from Plasmon PLC, a trusted source of data archiving systems
for over 20 years. The transaction is intended to capitalize and
re-position Plasmon over the long term to achieve its strategic
objectives as a leader in the rapidly growing enterprise archiving
solutions market.

Plasmon Holdings LLC is a new privately-held U.S.-based Delaware
Corporation backed by a U.S. private equity firm. The new holding
company has acquired Plasmon Inc in the U.S. and specific assets owned
by UK-based Plasmon PLC in order to aggressively pursue new technology
and go-to-market strategies and maximize Plasmon market share in the
long-term data storage market. The new company will maintain the use
of the Plasmon brand identity and is committed to globally addressing
the current and future needs of all Plasmon's worldwide customers and
partners.

"This transaction is the evolution of the strategic process that
we began earlier this year. Plasmon has exceptional intellectual
property and an unmatched value proposition with which to address the
rapidly growing need for archiving as a core layer of the IT
infrastructure," said Steven Murphy, CEO of the new company. "We are
reaching beyond our traditional role as the deep archive 'component'
of widely used content management applications to provide complete
archive turnkey solutions. Our newly announced focus on '3-2-1 Archive
Best Practices' for accessible and secure long-term data storage
provides exactly what the enterprise IT market is looking for: at
least 3 single instance data copies, on 2 types of media, 1 of which
is removable, long-lived and powered down. With this approach, our
customers simultaneously meet all their business needs for historical
and fixed content data, including rapid access, very long-term secure
retention, and disaster recovery, all in an economical solution," said
Murphy.

"It is remarkable that a deal of this significance in the storage
market was brought to fruition during this tight financial
environment" said Brian Babineau, senior analyst at Enterprise
Strategy Group. "However, our research suggests that the need for
long-term corporate data storage will drive customers to archive over
100 exabytes of data over the next three years, so it may not be
remarkable. Plasmon offers a unique integration of magnetic disk,
long-term optical media and archival management software to address
this challenge."

Under the restructuring, Plasmon Inc, formerly a U.S.-based
subsidiary to the UK company, will become the worldwide headquarters.
The "new" Plasmon will offer its market leading archiving solutions
and services in all global territories. The company plans to use its
new organization and financing to enhance its core Archive Appliance
solution and leverage its recently announced relationships with
NetApp, IBM-FileNet, and a range of market-leading content management
ISV's.

About Plasmon Inc.

For more than 21 years, Plasmon technology has addressed the
long-term data storage needs of over 6,500 customers and 17 thousand
installations in 56 countries. Plasmon archive solutions are designed
to provide an easy-to-use archival storage environment where data is
simultaneously accessible, protected, and available despite failure,
disaster, or years of inactivity. Plasmon is focused on long-term
archiving, offering customers the ability to manage data growth,
reduce operational complexity and cost, and mitigate risk. Plasmon Inc
is headquartered in Colorado Springs, Colorado with offices globally.
For more information, visit www.plasmon.com.

Plasmon and UDO are registered trademarks of Plasmon Holding LLC.

ProAmericas Marketing & Public Relations
Mark Rieger, 303-520-4524
markr@proamericas.com
or
Plasmon
Patrick Dowling, 703-402-7853
VP Global Marketing
Patrick.Dowling@Plasmon.com

Copyright Business Wire 2008