April 3, 2003

Hitachi Plunks Money into MVD's PowerCockpit

Press Flack writes
"Hitachi
has invested in Mountain View Data (MVD) in a move expected to speed the
adoption of MVDs PowerCockpit server management technology and network
storage software on Hitachi hardware.

MOUNTAIN
VIEW, Calif., April 2, 2003 Mountain View Data, Inc., a provider of server
management software and network storage software, today announced that it had
received investment from Hitachi and other firms in series B funding.  The round was led by Nippon Venture
Capital Co., Ltd. (Nippon Ventures), and was joined by ADTX, a storage hardware
vendor, Nissei Capital, Daiwa Bank and Kokusai Capital, which manages the Hitachi-Kokusai Capital Number One Investment Enterprise
Partnership fund.

 

A second
closing in early May is expected to bring in another large corporate investor.  Financial details of the latest round of investments were
not disclosed.

 

 This
investment from Hitachi, ADTX and top-tier venture capital firms is an
endorsement of the fundamental strength of Mountain View Data and our vision
for the future, said Cliff Miller, the companys president and CEO. Hitachi
is one of the world leaders in storage, and they are strong in certain
verticals such as bioengineering and medical engineering, where we see juicy
business opportunities for high-end PC server clustering solutions.

 

Dr.
Asai, president of the Hitachi CVC Fund said, Hitachi's investment in Mountain
View Data reflects our desire to work closely together in the storage and
server markets.  We feel that MVDs
PowerCockpit clustering software and network storage software running on
Hitachi hardware is a winning combination.

 

Last week, on March 28, Mountain View Data announced the
release of PowerCockpit 2.0, which manages clusters of PC servers.  The software is used for deployment,
provisioning and management in grid computing environments for high performance
computing, as well as in corporate data centers and Internet data centers for
managing servers and blade-servers. Target vertical markets include
bioinformatics, medicine, manufacturing, oil and gas, and the financial
industry.

 

 Mountain View Data's PowerCockpit
software will form the infrastructure for breakthrough solutions at
breakthrough prices.  In the
current economic climate, this is exactly what businesses want.  MVD's timing is perfect, stated Mr.
Takayuki Amada of Nippon Ventures, who is a director on the MVD board. Nippon
Ventures invests in technology leaders of the future.

 

About
Hitachi CVC Fund

The Hitachi Corporate Ventures Catalyst (CVC)
Fund is the venture capital arm for Hitachi, Ltd.'s global corporate family.
The CVC Fund provides investment capital and arranges strategic business
relationships for companies which target emerging growth markets that align
with Hitachi's business strategies. For more information on the Hitachi CVC Fund, visithttp://www.hitachi.co.jp/cvc/e/.

 

 

About
Mountain View Data, Inc.

Mountain View Data,
Inc. delivers cluster server management software and advanced storage software.
Top-tier server manufacturers, telecomm leaders and system integrators in Asia
and the United States are integrating Mountain View Data software into their
network storage products and services. Mountain View Data was established in
October 2000, and has offices in San Francisco, Tokyo and Beijing. More
information about Mountain View Data can be found at www.mountainviewdata.com.

 

About Nippon Venture
Capital Co., Ltd.

Nippon Venture Capital is a venture capital firm with
over $200 million in financial backing from industry leaders such as NTT,
Sanyo, Fujitsu, Sanwa Bank, Sumitomo Electric, Orix Corporation, Ushio Inc,
Nippon Life Insurance Company, Secom Co, Ltd, Daiwa Securities, Nikko
Securities, IBM Japan, Nomura Securities, and Sumitomo Mitsui Banking.  Over half of Nippon Venture Capitals
investments are in early-stage companies, many of which are in the IT and
communications industries.

 

About
PowerCockpit

PowerCockpit is leading-edge software for deploying,
provisioning and managing clusters of Intel-based servers running the Windows
or Linux operating system. Its modular architecture and software development
kit (SDK) allow third parties to develop plug-in modules for specific tasks as
well as applications for vertical markets. It won the Best-in-Show Product
Excellence Award for best Network Server Application at the Linux World Expo
in February 2002 in New York. There are currently about 15 corporate sites and
research centers that have deployed PowerCockpit, and over 50 others in various
stages of evaluation.

 

Mountain
View Data is establishing a developers program so that third parties can create
PowerCockpit module applications for vertical markets.

 

For more
information about PowerCockpit, please call 650-988-9345, or visit the website
at http://www.powercockpit.com/."

Link: mountainviewdata.com

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