DataFlow Pioneer SnapLogic Closes $2.3 Million Series A Financing; Informatica Founder Gaurav Dhillon Named CEO

SAN MATEO, CA, Oct 29 (MARKET WIRE) --
SnapLogic, the DataFlow pioneer, announced today that it has closed a
$2.3 million Series A round of venture capital financing. The investors
included Andreessen Horowitz, Maples Investments, Google engineering vice
president Brian McClendon, and Vast chairman and Epinions co-founder
Naval Ravikant. The new funds will be used to continue development of the
company's pioneering DataFlow platform for on-demand data integration.
The company also announced that Gaurav Dhillon, co-founder of SnapLogic
and a founder and the former chief executive officer of data integration
leader Informatica Corporation, has been named chief executive officer of
SnapLogic.

"The SnapLogic DataFlow platform is the future of data integration, making
business data available when and where it's needed, flexibly and simply,"
said Ravikant. "I'm looking forward to working with Gaurav and the
SnapLogic team as they take data integration beyond batch-oriented
approaches and into the new realm of on-demand data flow."

SnapLogic DataFlow uses Web technology to provide an open, scalable, and
extensible data integration platform. It provides organizations of all
sizes with the most complete, flexible, and cost-effective solution for
on-demand data integration. SnapLogic DataFlow can read from and write to
any data source, easily integrating data from SaaS applications, the Web,
databases, files, and on-premise applications. Extensions for integrating
data from NetSuite, SalesForce, SugarCRM, Twitter, and more are available
now. More information is available http://www.snaplogic.com/products.

"This round of investment from Internet veterans Marc Andreessen, Mike
Maples, Brian McClendon, and Naval Ravikant is a gratifying endorsement of
SnapLogic's mission and approach," said Dhillon. "The growth of Web data
is rapidly changing the volume, composition, uses, and storage of business
data, and the requirements for data integration are changing in lock-step.
I'm excited to roll up my sleeves and step into a full-time leadership
role at SnapLogic at this time of market acceleration and the rise of a
new age of data integration."

Dhillon co-founded SnapLogic in 2006, provided seed capital, and served as
the company's chairman since inception.

Prior to that, he was chief executive officer at Informatica, which he
co-founded in 1992. As its first employee, he systematically grew
Informatica from a startup idea to a leading software enterprise with
customers and operations around the world. As the chief executive, Dhillon
led Informatica through its initial launch, its successful initial public
offering (IPO), and its expansion to Europe and Asia. And, by the time he
left in 2004, he gained industry-wide recognition of his pioneering vision
for data integration. Prior to founding Informatica, Dhillon held
management and engineering positions at Sterling Software and Unisys
Corporation.

About SnapLogic

SnapLogic advances the data integration market with its innovative
DataFlow platform, open architecture, and simple subscription business
model. The DataFlow platform connects to almost any SaaS, cloud, or Web
computing application via open connectors and data pipelines, providing
information as a utility to business users and applications. SnapLogic
was founded in 2006 by data integration pioneers and is headquartered in
San Mateo, Calif. For more information, please visit www.snaplogic.com or
call (650) 525-3540.

Media Contact:
Paige Schoknecht
Prequent, Inc. (for SnapLogic)
paige@prequent.com
+1-408-275-1419 office
+1-650-223-4085 mobile

Copyright 2009, Market Wire, All rights reserved.

-0-