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Latest industry news January 19, 2010 
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Original founder leads investment group in purchase of Verari Systems' assets OF VERARI SYSTEMS' ASSETS

(1.19.10) David Driggers, the original Founder of Verari Systems Inc., a developer of independent blade-based computing and storage platforms for conventional and modular data centers, today announced the successful acquisition of substantially all of Verari Systems' corporate and intellectual property assets by an investment group led by Driggers.

With the purchase of substantially all of the assets, Driggers is re-starting the Verari engine this week. The new company, Verari Technologies (verari.com), will focus on blade-based high-performance computing solutions, modular containerized data centers and blade-based storage development efforts.

In addition, the investment group purchased all of Verari's inventory, equipment and technologies and is offering immediate support to past Verari Systems' customers.

"We have the opportunity to go back to our roots of being a consulting company that heavily partners to deliver custom solutions for our customers," Driggers said. "The 'new Verari' is going to build
stronger partnerships with our customers while delivering the solutions they require. I'm a strong believer that companies are more successful when they listen and collaborate with their customers."

Driggers led an investment group that purchased all of Verari's patents and intellectual property assets including the company's patented Vertical Cooling Technology, BladeRack architecture and modular data center patents. Verari's award-winning FOREST containers are one of the industry's best selling portable data center solutions.

The containers, as well as Verari's BladeRack architecture, utilize Verari's patented Vertical Cooling Technology to increase energy efficiency while reducing a customer's energy bills.

"You're going to see a concerted effort on our part to license and promote these unique technologies," Driggers said. "With the ever increasing compute and storage issues our customers are facing today, I believe we are going to be well positioned to help them solve even the most demanding challenges." ENS

(Posted January 19, 2010 1:15 am EST)

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