Mimosa Claims Soaring Demand

SANTA CLARA, Calif. -- Mimosa Systems, a leader in Live Content Archiving solutions, today announced that the Company is experiencing triple-digit customer growth, increasing the number of customers more than 300 percent over the period from August 1, 2006 to August 1, 2007. The Company’s revenue is being driven by the combination of demand for proactive corporate governance and electronic discovery solutions, along with Mimosa’s technology leadership to address these demands. To support growing demand and future sales initiatives for Mimosa’s content archiving platform and applications, the Company has appointed industry veteran Christophe Culine as senior vice president of worldwide sales.

“Mimosa recently closed $17 million in Series C financing to be used to enhance sales and marketing activities to grow market share of our next-generation email archiving solution, Mimosa NearPoint,” said T.M. Ravi, president and chief executive officer of Mimosa Systems. “We are executing against that strategy with the announcement today of Christophe Culine as senior vice president of worldwide sales. He will help Mimosa build direct and indirect channels, as well as expand our sales organization for cost-effective revenue growth and worldwide expansion.”

With nearly two decades of global sales experience, Culine joins Mimosa Systems with proven success in building and managing extensive international sales networks. Most recently Culine was senior vice president of worldwide field operations for Mirapoint. He has also held senior executive sales positions at Fortinet, GRIC Communications, and NCD. While at GRIC, Culine helped move the company to a successful IPO.

“With several factors driving demand for email archiving and electronic discovery solutions, Mimosa sees tremendous opportunity to enter new international markets while expanding our existing operations in the United States,” said Christophe Culine, senior vice president of Worldwide Sales for Mimosa Systems. “As the leading pure-play email archiving vendor, Mimosa is capitalizing on its technology superiority to aggressively gain market share in this rapidly growing market.”

Mimosa Systems Inc.