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Intransa Gets $2.7M

SAN JOSE, Calif. -- Intransa, the global innovator of network-centric IP storage solutions, today announced new funding from international investor Entrepia Ventures.

This completes our current financing effort,” stated Bud Broomhead, CEO of Intransa. “I am extremely excited about having a global investor such as Entrepia join Intransa, demonstrating the growing impact of our technology worldwide.” Intransa received additional investment in the fourth quarter of 2006 from Guggenheim Venture Partners, Menlo Ventures and US Venture Partners, for a combined total of more than $12 million.

Entrepia president Amit Srivastava joins the Intransa board of directors following this investment. “Intransa’s next generation IP storage technology is already being adopted by customers in high growth markets such as video surveillance, IPTV, video on demand, medical imaging, and data warehousing,” said Srivastava. “Entrepia seeks to invest in companies with rapid growth potential, and only Intransa has the technology to address all these high growth markets and leverage their existing domestic and international customer base and partnerships to ensure success.”

Intransa has been shipping IP storage solutions since 2003 to customers around the world, and recently launched its latest generation systems, offering higher speed 2Gbit/second interfaces. A 10Gbit/second IP version, for ultra high performance requirements that exceed those previously addressed only by more costly and complex Fibre Channel systems, is in beta test with several customers.

“The new 2Gbit and 10Gbit technologies from Intransa enable a whole range of new applications that previously were limited by the cost and complexity of direct attached storage or Fibre Channel storage area networks,” continued Broomhead. “The ability to scale performance by adding additional Intransa storage controllers will meet a variety of application needs, while the matching ability to scale capacity independently by adding storage enclosures addresses an entirely different set of customer requirements. Of the vendors in the storage area network market, only Intransa truly offers that flexibility.”

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