Permabit Named 2010 Hot Companies Finalist by Network Products Guide

CAMBRIDGE, MA--(Marketwire - January 13, 2010) - Permabit Technology Corporation, the leading innovator of value tiered storage solutions for the enterprise, today announced that it has been named a finalist for Network Products Guide 2010 Hot Companies list. Selected from a global industry analysis of information technology vendors which included established large and mid-sized companies and start-ups, Permabit Technology Corporation has advanced to the finalists stage based on the "4Ps" selection criteria -- namely Products, People, Performance, and Potential. The coveted 2010 Hot Companies analysis encompasses companies in all areas of information technologies including security, wireless, storage, networking, software and communications.

This is the second consecutive year Permabit has been honored with the Hot Companies recognition and has consistently excelled in meeting and exceeding the 4Ps criteria. Companies that are honored with the "Hot Companies" recognition raise the bar higher for their competitors, achieve the highest customer satisfaction and strive to maintain the distinction each year.

The 2010 Hot Companies winners will be announced and honored at the Technosium 2010 Presentations and Dinner at the Palace Hotel in San Francisco on March 18, 2010. The executives from finalists will be presenting their company's 4Ps criteria to an audience of end-users, leading entrepreneurs, other IT companies, venture capitalists, corporate strategists and industry associations. To see the complete list of finalists please visit www.technosium.com

"We are delighted that our company has reached the 2010 Hot Company Finalist stage again," said Tom Cook, Permabit CEO. "This award further validates our position as a company enterprises rely upon to deal with the exploding volume of corporate data, by delivering to the market optimized, scalable, disk-based storage solutions based on Dedupe 2.0 and designed for the 21st century."

Supporting Resources:

Permabit Media Center

Permabits & Petabytes

Executive photos & images

Permabit

About Network Products Guide Awards

As industry's leading technology research and advisory publication, Network Products Guide plays a vital role in keeping decision makers and end-users informed of the choices they can make in all areas of information technology. You will discover a wealth of information and tools in this guide including the best products and services, roadmaps, industry directions, technology advancements and independent product evaluations that facilitate in making the most pertinent technology decisions impacting business and personal goals. The guide follows conscientious research methodologies developed and enhanced by industry experts. To learn more, visit www.networkproductsguide.com.

About Permabit

Permabit delivers the industry's most advanced enterprise Value Tier storage solution. With patented data reduction and protection technology, Permabit Enterprise Archive™ and Permabit Cloud Storage provide massively scalable disk-based storage at the lowest effective cost available. Permabit enables decades of secure, reliable, online information access with a rapid return on investment. Permabit was founded in 2000 by a technical and business team from Massachusetts Institute of Technology. For more information, visit: www.permabit.com.

Permabit, the Permabit logo, Permabit Enterprise Archive, and Scalable Data Reduction are trademarks of Permabit Technology Corporation, Inc. in the U.S. and other countries.

Contact Information: Contacts: Permabit Mike Ivanov Permabit +1 617-995-9311 mivanov@permabit.com North America Michael Parker Lois Paul & Partners (for Permabit) +1 781-782-5714 permabit@lpp.com