SOURCE: Adaptec

October 16, 2006 08:30 ET

Adaptec Appoints New Vice President and General Manager of Storage Solutions Group

Storage Executive With Strategic Marketing and Entrepreneurial Skills Chosen to Lead Snap Server Brand of Storage Systems and Software Solutions

MILPITAS, CA -- (MARKET WIRE) -- October 16, 2006 -- Adaptec, Inc. (NASDAQ: ADPT), a global leader in storage solutions, today announced that it has appointed Stephen Terlizzi as vice president and general manager of the Storage Solutions Group. With a distinguished 17-year career, Terlizzi brings broad experience in creating, building and marketing storage businesses, particularly those based on high-value storage software solutions.

Most recently, Terlizzi was the vice president of global marketing at Atempo, Inc., a storage software company specializing in data protection and archiving solutions, where he built a global marketing organization and repositioned the company into higher-growth market segments. Prior to that, he was vice president of marketing and business development at Candera, Inc. where he launched the company's first enterprise-class network storage controller. Terlizzi also held senior sales and marketing management positions at EMC Corporation, most recently as product line director for the Symmetrix product family, but was also a key member of the management team that first established EMC Japan K.K.

"Steve is an ideal leader for our Storage Solutions Group," said S. 'Sundi' Sundaresh, president and CEO of Adaptec. "He uniquely combines valuable Fortune 500 experience with an entrepreneurial passion that is perfect to capitalize the significant potential offered by our Snap Server product line. His extensive sales and marketing experience with software solutions will be especially important as we ready the introduction of several new software products."

"Adaptec's Storage Solutions Group has a great team of people, excellent products, well-known brand and solid channel to market. Targeted at high-growth market segments with the Snap Server 500 series for mid-range enterprise and the new Snap Server 110, 210, and 410 for the small/medium business markets, these innovative storage solutions are poised for growth," said Steve Terlizzi, vice president and general manager of the Storage Solutions Group at Adaptec. "I am very excited with the opportunity to lead this business to reach its full potential."

About Adaptec

Adaptec, Inc. (NASDAQ: ADPT) provides trusted storage solutions that reliably move, manage, and protect critical data and digital content. Adaptec's software and hardware-based solutions are delivered through leading Original Equipment Manufacturers (OEMs) and channel partners to provide storage connectivity, data protection, and networked storage to enterprises, government organizations, medium and small businesses, and consumers worldwide. More information is available at

Safe Harbor Statement

This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended. Forward-looking statements include statements regarding future events or the future performance of Adaptec. These forward-looking statements are based on current expectations, forecasts and assumptions and involve a number of risks and uncertainties that could cause actual results to differ materially from those anticipated by these forward-looking statements. These risks include: identifying and retaining key management; market demand for Snap Server products; Adaptec's ability to launch new software products; difficulty in forecasting the volume and timing of customer orders; reduced demand in the server, network storage and desktop computer markets; our target markets' failure to accept, or delay in accepting, network storage and other advanced storage solutions, including our SAS, SATA and iSCSI lines of products; decline in consumer acceptance of our current products; the timing and volume of orders by OEM customers for storage products; our ability to control and manage costs associated with the delivery of new products; and the adverse effects of the intense competition we face in our business. For a more complete discussion of risks related to our business, reference is made to the section titled "Risk Factors" included in our Annual Report on Form 10-K for the Fiscal Year ended March 30, 2006, on file with the Securities and Exchange Commission. Adaptec assumes no obligation to update any forward looking information that is included in this release.

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