Compellent Prices IPO

Compellent announced the pricing of its IPO of 6,000,000 shares of its common stock at a price of $13.50 per share

October 10, 2007

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EDEN PRAIRIE, Minn. -- Compellent Technologies, Inc. (NYSE Arca: CML) announced the pricing of its initial public offering of 6,000,000 shares of its common stock at a price of $13.50 per share. Compellent Technologies has granted the underwriters a 30-day option to purchase up to 900,000 additional shares of common stock at the initial public offering price, less underwriting discounts and commissions, to cover over-allotments, if any. Compellent Technologies common stock will be listed on NYSE Arca under the trading symbol “CML” and will begin trading Wednesday, October 10, 2007. All of the shares in the offering are being offered by Compellent Technologies.

Morgan Stanley & Co. Incorporated is the sole book-running manager, with Needham & Company, LLC, Piper Jaffray & Co., RBC Capital Markets and Thomas Weisel Partners LLC acting as co-managers of the offering. A copy of the final prospectus relating to the offering may be obtained by contacting Morgan Stanley & Co. Incorporated, Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014, telephone: 1-866-718-1649 or via e-mail at [email protected].

A registration statement relating to these securities was filed with, and was declared effective by, the Securities and Exchange Commission. This offering is being made solely by means of a prospectus. This press release does not constitute an offer to sell or the solicitation of an offer to buy any of the Company's common stock, nor shall there be any sale of the common stock in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

Compellent Technologies Inc.

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