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DataCore Software Funds Future Growth

Storage Networking Leader Raises Over $30 million

FORT LAUDERDALE, Fla. (Oct. 30, 2001) — DataCore Software Corporation, the leading provider of storage virtualization and networking software, announced today that the company has raised over $30 million in its current round of funding. Vista Equity Partners, based in San Francisco, was the lead investor in the round. New Enterprise Associates and OneLiberty Ventures, the initial institutional investors, also made significant follow-up investments.

"DataCore has the most advanced storage virtualization and storage management offering in the market. Every user we contacted has achieved significant operational savings and a substantial return on investment. Satisfied customers, plus a growing list of major OEM and reseller relationships, made the investment decision in DataCore easy," stated Robert F. Smith, managing principal at Vista Equity Partners.

The company will continue to use its funds to significantly increase its customer base, grow and build upon major OEM and reseller relationships providing 'Powered by DataCore' solutions to enterprise accounts and expand its global presence in North America, Europe and Asia.

"Completing this major financing transaction during these uncertain times underscores the investment community's confidence in our business," said George Teixeira, president and chief executive officer of DataCore.

About the Company
DataCore Software Corporation is the leader in storage virtualization and networking software. The company's award-winning SANsymphony storage control software dramatically improves ROI and storage utilization by converting 'islands' of disparate storage into networked storage pools, enabling the easy allocation of storage capacity. DataCore distributes its software products through the SANvantage Partner Program including its authorized and technical channel and major OEM partners worldwide. Founded in 1998 by some of the industry's most respected storage technologists, DataCore is privately held with headquarters in Ft. Lauderdale, Fla., and other US offices located in NY, CA, IL, and NC with international sales and service operations located in London, Paris, Munich, Tokyo, and Sydney. For more information, call (877) 780-5111 or visit http://www.datacore.com.

DataCore, the DataCore Logo, and SANsymphony are trademarks of DataCore Software Corporation. Other DataCore product or service names or logos referenced herein are trademarks of DataCore Software Corporation.

All other products, services and company names mentioned herein may be trademarks of their respective owners.

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Corporate Contact:
DataCore Software Corporation
(954) 377-6000
pr@datacore.com

Media Contacts:
(954) 377-6000
pr@datacore.com