FileTek Buys Trusted Edge

ROCKVILLE, Md. -- FileTek, Inc., a premier provider of data access and information management software, today announced that it has purchased substantially all of the assets, including the intellectual property, of Trusted Edge, Inc., an innovative company that develops and delivers policy-driven desktop classification, capture, and disposal solutions for unstructured data such as e-mail, desktop documents, and files. The terms and financial details of the all-cash transaction have not been publicly disclosed. The addition of the Trusted Edge Desktop Data Management suite significantly complements FileTek's existing high-volume data storage management solutions. It also enables FileTek to extend its solutions portfolio to the front office desktop applications market.

The Trusted Edge Desktop Data Management Suite classifies desktop-generated information and data assets according to their business value, enabling organizations to consistently enforce retention, disposal, and hold policies across all desktops within the enterprise. System administrators can establish business policies to automatically categorize and tag assets at creation time to make the content self-describing, and then route a copy of the tagged information to a variety of content and/or document management solutions and repositories such as Microsoft SharePoint, IBM Content Manager, OpenText Livelink, and EMC ApplicationXtender. Additionally, Trusted Edge can automatically categorize and tag e-mail information to an e-mail archival solution such as Symantec Enterprise Vault.

William P. Loomis, CEO of FileTek, commented, "FileTek's significant investment in Trusted Edge technology is an important juncture in the Company's corporate history. For over 20 years, FileTek has delivered proven, large-scale information management solutions to Fortune 1000 companies worldwide. Now, as Trusted Edge's software becomes an integral part of FileTek's product offerings, the Company is extremely well positioned to provide quality software, service, and support to the desktop-based software applications market. I look forward to implementing FileTek's success in this new business venture."

FileTek Corp.