(EMAILWIRE.COM, January 18, 2001 ) SAN JOSE, Calif. - Jan. 17, 2001 - TrueSAN Networks, Inc., whoseleading-edge technology is poised to revolutionize network infrastructurewith more scalable, more manageable, and more flexible storage solutions,today announced the completion of a $30M second round of funding. WoodsideFund led the financing round, with additional investments from MerrillLynch, QLogic Corporation, JT Venture Partners, Credit Suisse First Boston,Spring Creek Partners, and Finisar Corporation. TrueSAN will use the fundingto expand its sales, marketing, and recruiting efforts as well as accelerateengineering initiatives that will enable the company to take a dominantposition in open storage infrastructure solutions. "TrueSAN has the people, vision and technology to deliver openstorage solutions that will fundamentally change the storage landscape,"stated Vincent M. Occhipinti, co-founder and managing director at WoodsideFund. "TrueSAN's aggressive market strategy, coupled with strong industryand enterprise confirmation, indicated to us that TrueSAN will secure aleadership position in the storage networking arena." TrueSAN's next-generation storage solutions are designed to meet theunrelenting and unpredictable demand to store endless amounts of data.TrueSAN's core technology is designed to overcome several major limitationsof existing storage solutions: * Scalability: TrueSAN's modular and massively scalablearchitecture, known as MetaFabric, enables companies to store and protect avirtually unlimited amount of information, within a common and centralizedstorage framework. * Unity: TrueSAN unites network-attached storage (NAS) withstorage-area networks (SAN), enabling enterprises to realize the benefits ofseamless information sharing and collaboration. * Versatility: TrueSAN delivers unparalleled informationaccessibility by seamlessly linking storage networks with optical networksand IP networks, eliminating islands of storage with a global storageinfrastructure. * Management: With advanced software, TrueSAN has implementedpowerful yet easy-to-use storage management designed to dramaticallysimplify and lower the costs of storage implementation, administration, andprotection."By providing unmatched scalability and virtualization, we believe TrueSAN'snext generation architecture could revolutionize the storage landscape,"stated Amit Chopra, Enterprise Storage and Communications Analyst at CreditSuisse First Boston.Shaji John, managing partner of JT Venture Partners, said, "The exponentialgrowth in storage demand is driving the need for new storage architecturesthat can scale-on-demand with the high rate of storage resource growth.TrueSAN is addressing this need head-on and is well positioned to be aleader in next generation storage solutions that will provide unprecedentedperformance, scalability, and versatility to the storage infrastructure. JTVentures is excited to be partnering with such a dynamic company." "We are honored by the tremendous show of support by this impressivelist of investment partners," stated Thomas Isakovich, Founder, Presidentand CEO of TrueSAN. "This validation will help us continue to recruit topengineering talent, build a world-class direct sales force, and strengthenour brand presence in enterprise and service provider accounts. Combinedwith the knowledge and experience of our talented team, we now have thetools necessary to execute on our vision for more scalable, more manageable,and more cost-effective storage networking solutions."About TrueSAN Networks TrueSAN Networks, Inc., headquartered in San Jose, California,delivers enterprise storage networking systems, software, and services forbuilding scalable, intelligent, and universally accessible storageinfrastructures. Using unique storage architecture and software technology,TrueSAN solutions overcome the limitations of existing storage systems anddeliver unparalleled scalability, versatility, and ease of use withunbeatable price/performance. TrueSAN solutions provide Internet businesses,service providers, multimedia firms, and growing enterprises with aninnovative way to better leverage invaluable information assets.TrueSAN: Empowering Storage Networks(tm)About Woodside Fund Founded in 1983, Woodside Fund has one of the longest and strongest trackrecords of success in early stage venture capital investing. All WoodsideFunds have performed in the upper quartile of the industry for venturecapital partnerships formed in their respective years. Woodside Fund'slatest partnership, Woodside Fund IV, which had its final close in April2000, invests between $5 and $10 million in early stage ventures in InternetProtocol infrastructure and e-Commerce infrastructure, located in NorthernCalifornia and the West Coast. The Fund serves as the lead or co-leadinvestor in most of its portfolio companies.###Editorial Contact:Terri PowellCommunications on TAP for TrueSAN Networks408-241-0928tpowell@comm-ontap.com

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