SOURCE: Vormetric, Inc.

September 12, 2006 07:00 ET

Data Security Leader Vormetric, Inc. Appoints Ken Goldman to Its Board of Directors

SANTA CLARA, CA -- (MARKET WIRE) -- September 12, 2006 -- Vormetric, a leading provider of security solutions for protecting sensitive data from unauthorized access, today announced the addition of Ken Goldman, former Senior Vice President of Finance and Administration of Siebel Systems, to its board of directors. Mr. Goldman brings to Vormetric extensive experience that will be invaluable as Vormetric's growth continues to accelerate.

Ken Goldman served as Senior Vice President, Finance and Administration and Chief Financial Officer of Siebel Systems from August 2000 until the close of Oracle Corporation's acquisition of Siebel in January 2006. Prior to working at Siebel Systems, he served as Senior Vice President of Finance and Chief Financial Officer of Excite@Home. From 1992 to 1996, Mr. Goldman served as Senior Vice President of Finance and Chief Financial Officer of Sybase, Inc. Other Chief Financial Officer positions that Mr. Goldman has held were with Cypress Semiconductor and VLSI Technology.

Mr. Goldman earned his bachelor's degree in electrical engineering from Cornell University in 1971 and received his master's degree in business administration from Harvard Business School in 1974. He is a member and the former president of The Financial Executive Institute, Santa Clara chapter and was formerly an advisory council member of the Financial Accounting Standards Board. He is an advisory board member for the Harvard Business School California Research Center, a member of the West Coast Chief Financial Officer Roundtable, a member of the FEI Committee for Financial and Information Technology and a member of the NASDAQ's Issuer Affairs Committee. He served as a trustee on the board of The Menlo School, serves as a trustee on the board of Cornell University and serves as a director on the board of two public companies.

"Ken brings a wealth of business and financial experience to Vormetric," said Vormetric CEO Mark Pine. "We look forward to the contributions he will make to the future of the company."

"I'm excited to be involved in a company with great products that address one of the biggest challenges to businesses today -- data security," said Mr. Goldman. "I look forward to being able to contribute to the direction and success of the company."

About Vormetric

Vormetric is a leading provider of solutions for protecting enterprise information from unauthorized access or theft. The company's CoreGuard system is a single, scalable and manageable system for data privacy and protection that enables businesses and government agencies to control who, what, when, where and how people can access sensitive information. CoreGuard protects intellectual property and enables enterprises to comply with increasingly strict data privacy and system integrity regulations. Founded in 2001, Vormetric is a privately held company with headquarters in Santa Clara, California. More information is available at www.vormetric.com

Vormetric, the Vormetric logo, CoreGuard and MetaClear are trademarks of Vormetric, Inc. All other trademarks are the property of their respective owners.

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