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Press Room | Press Releases

Flagship Ventures' Chairman Ed Kania Joins DataCore Board of Directors

FT. LAUDERDALE, Fla. (Oct. 9, 2002) — DataCore Software, a leading provider of enterprise-class, open storage networking software, today announced the addition of Edwin Kania, senior managing director and chairman of Flagship Ventures, to DataCore's board of directors. With close to 20 years of experience as an investor and active partner to entrepreneurs in building companies, Ed Kania's presence on the board supports DataCore's current rapid growth and market expansion.

"At Flagship Ventures, we back and help build exceptional companies like DataCore that are focused on significant commercial opportunities enabled by market discontinuities or technology breakthroughs. DataCore and its SANsymphony™ open storage networking platform represent just that kind of revolutionizing force in the field of storage area networks," said Ed.

"The collection of talent that Ed and Flagship Ventures bring to DataCore has already helped fuel our long-term growth strategy in this lucrative storage networking market," said George Teixeira, president and CEO of DataCore Software. "They undoubtedly round out what is already a comprehensive mix of skills and business partners accelerating DataCore's climb to the top."

The aggregate value of the companies in which Ed participated as founding or lead investor totals several billion dollars. Among these companies, several are now publicly traded while others have been acquired by significant public entities. He has a degree in physics from Dartmouth College and earned an MBA from Harvard Business School.

About Flagship Ventures
Founded in 1999, Flagship Ventures is an entrepreneurship and venture capital firm comprising a family of funds: OneLiberty Funds, AGTC Funds and NewcoGen Group. Flagship currently invests from $400 million in funds raised in 2000, and manages a total pool of committed capital approaching $600 million. The Flagship Ventures team consists of 31 professionals focused on creating, financing, and building companies in the life science, information technology and communications sectors.

About DataCore Software
DataCore Software Corporation's award-winning software automates and consolidates storage management for enterprise customers worldwide, significantly reducing their costs and increasing the return on investment from information technology assets. The company's SANsymphony™ software sets the standard for open storage networking platforms, supporting all major brands of disk arrays and operating systems. It is available and supported through major OEMs, system integrators and resellers. DataCore is privately held with corporate headquarters in Ft. Lauderdale, Florida. For international office locations and more information, call (877) 780-5111 or visit www.datacore.com.

DataCore, the DataCore Logo, Powered by DataCore, Networked-Powered Storage, ROI Street Smarts, SANsymphony, SANcentral, SANcollege and SANvantage are trademarks or registered 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 Contacts:
DataCore Software Corporation
(954) 377-6000
pr@datacore.com

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

Kendra Balcius
(760) 758-8002
kbalcius@corporateink.com