ARISTOS Logic: Press Releases

Aristos Logic Secures $15.5 Million In Series B Funding
Investment from leading venture funds will enable the company
to continue aggressive development of innovative solutions for the networked storage market

Foothill Ranch, California - December 18, 2001 -Aristos Logic, a leading developer of silicon solutions for the networked storage market, announced today that it has raised $15.5 million in Series B funding from an investment group led by J. P. Morgan Partners and TPG Ventures. Enterprise storage experts Quantum Technology Ventures also participated in this round of funding. The company intends to use the proceeds to continue aggressive development of its Storage Processing Unit (SPU™) technology and FibreSlice™, its flagship product targeted at the enterprise class storage controller as well as network storage virtualization applications.

"Aristos Logic is fortunate to have received funding from such reputable investors. As the industry navigates through difficult market conditions, it is particularly important to have strong and resourceful funding partners," said Anil Gupta, President & CEO of Aristos Logic. "Over the past year and a half, we have been developing a very powerful technology base and building a world-class team. We look forward to leveraging the strengths of our new investors to build a strong business," added Mr. Gupta.

"J. P. Morgan Partners is pleased to be a lead investor in Aristos Logic. Our decision was based on a powerful combination of paradigm changing technology, robust market opportunity and a world-class team. We look forward to working alongside the Aristos team," commented David Britts, General Partner at J. P. Morgan. "A highly leveraged roadmap based on Aristos Logic's SPU architecture will enable customers to deliver true product differentiation," added Vikram Gupta of J. P. Morgan Partners.

"TPG is delighted to co-lead this round of investment in Aristos Logic. Based on our active involvement in enterprise storage domain, we believe that Aristos Logic's solution offers a compelling value proposition to its customers" commented Steve Foster, General Partner at TPG Ventures. "I am particularly excited about the SPU technology and its applications to the storage and networking markets. I believe this technology offers an unprecedented level of performance and manageability combined with advanced functionality that is simply not available in any other silicon solution," added Randall Meals, General Partner at Quantum Technology Ventures.

Headquartered in Foothill Ranch, California, Aristos Logic is a leading developer of innovative, paradigm changing silicon solutions for networked storage market. Aristos Logic is the inventor of Storage Processing Unit (SPU™), a technology designed to bring a whole new level of performance, manageability, flexibility and scalability to networked storage. Founded in February 2000, Aristos is staffed by industry professionals with extensive experience in System on Chip (SoC) design, hard disk drives, networked storage, RAID controllers, storage management and I/O interface technologies. For further information, please visit our Web site at www.aristoslogic.com.

Aristos Logic Contact:
Adam Zagorski
Aristos Logic Corporation
T: (949) 380-3447
F: (949) 380-3499