Incipient Closes Record Q1

WALTHAM, Mass. -- Incipient, Inc., a leading provider of storage virtualization and data migration software for Storage Area Network (SAN) environments, today announced continued momentum with record bookings and several new financial services customers in the first quarter of 2007. Incipient also expanded its management team with a new executive vice president of Worldwide Sales. Additionally, Incipient formed important new alliances with storage industry leaders HP and 3PAR to continue penetrating the financial services sector with its flagship software product, Incipient Network Storage Platform™ (iNSP™).

In March, Incipient announced partnerships with storage industry leaders HP and 3PAR. Both companies share a strategic interest in servicing the storage needs of the financial services market. Incipient joined the HP Information Lifecycle Management Partner Program and the iNSP software suite is now certified with HP StorageWorks Enterprise Virtual Arrays. Additionally, Incipient and HP have formed a cooperative support agreement allowing iNSP to be installed in HP-supported SAN environments.

In addition, Incipient and 3PAR announced a partnership to deliver non-disruptive data migration and utility computing solutions to joint customers. The collaboration comes in response to heavy demand for highly scalable and cost effective Utility Storage with a particular urgency from financial services companies. With this partnership, Incipient has joined 3PAR's Utility Computing partner program and self-certified iNSP with the 3PAR InServ® Storage Server family. Additionally, both companies have engaged in a cooperative support agreement.

Incipient Inc.