October 20, 2004

Verari Systems Named to the Deloitte Technology Fast 500

www.verari.com

Verari Systems Recognized as one of the Fastest Growing Technology Companies in North America

SAN DIEGO, Calif.

Verari Systems, the premier developer of powerful, platform independent blade computing systems, announced today that it has been selected to Deloitte’s annual listing of the 500 fastest growing technology companies in North America based on percentage revenue growth over five years. The company ranked #184 on this year’s list.

“We are proud to be recognized by Deloitte as one of the fastest growing technology companies in North America. This kind of recognition validates Verari Systems’ technological leadership and customer traction in the area of blade computing systems,” said David Driggers, CEO of Verari Systems.

Blade servers are the fastest growing segment of the overall server market because they best address the critical needs challenging today’s datacenter, including reducing costs, managing change, automating management and provisioning, and providing high performance and reliable service.

Verari Systems has doubled its sales nearly every year since its inception in 1996 and has quickly grown to 265 employees worldwide. Additionally the company has quadrupled its revenue growth over the past five years (1999 to 2004), equaling an impressive 1180%. According to Deloitte, companies such as Verari Systems that have thrived in this period demonstrate creativity, resilience and just plain good business smarts.

“Attracting enough customers to maintain quadruple digit growth over five years makes a strong statement about the quality of a company’s product and its leadership,” said Mark Evans, national managing partner of Deloitte’s Technology, Media & Telecommunications Group. “Verari Systems has shown the right stuff for growth.”

Fast 500 Selection and Qualifications

The Fast 500 list is compiled from Deloitte’s 19 regional North American Fast 50 programs, nominations submitted directly to the Fast 500, and public company database research. To qualify for the Fast 500, entrants must have had 1999 operating revenues of at least $50,000 USD and $75,000 CD for the United States and Canada, respectively; and 2003 operating revenues must be at least $1 million USD or CD.

Entrants must also be public or private companies headquartered in North America and must be a “technology company,” defined as a company that owns proprietary technology that contributes to a significant portion of the company’s operating revenues; or devotes a significant proportion of revenues to the research and development of technology. Using other companies’ technology in a unique way does not qualify.

About Deloitte

Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms and their respective subsidiaries and affiliates. As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other’s acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names “Deloitte,” “Deloitte & Touche,” “Deloitte Touche Tohmatsu,” or other related names. Services are provided by the member firms or their subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu Verein. Deloitte & Touche USA LLP is the U.S. member firm of Deloitte Touche Tohmatsu. In the U.S., services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Tax LLP, and their subsidiaries), and not by Deloitte & Touche USA LLP.

About Verari Systems

Verari Systems, previously RackSaver, is the premier developer of powerful, flexible, and scalable platform-independent blade server systems that are defining a new era in high-performance utility computing. Enterprises such as Boeing, Industrial Light and Magic, Lockheed Martin, Microsoft, Motorola, NASA, NVIDIA, Northrop Grumman, Novartis, Pixar, and Shell, as well as top universities and research institutions worldwide, are among the 4,000+ customers who have chosen Verari Systems’ line of high-density blade server clusters, rack-optimized servers, and high-performance technical workstations. To learn more about Verari Systems and its unique solutions, please visit www.verari.com or call (888) 942-3800.