United Devices Appoints Industry Leader Ben Rouse As CEOFounder Ed Hubbard to Remain as President and Board MemberAUSTIN, Texas, May 25, 2004 — United Devices, Inc. announced the appointment of Ben Rouse as Chief Executive Officer. Rouse will lead United Devices' expansion into the cluster management and data center server provisioning markets as the Company significantly expands its product and enterprise sales capabilities. Rouse brings more than 20 years experience building high performance computing and enterprise systems management businesses. Prior to joining United Devices, Rouse served as president and chief executive officer of Journée, a pioneer in the Enterprise Information Integration market. Before that, Rouse was the general manager of a $200M business unit for Tivoli Systems, a division of IBM. "United Devices has proven technology, satisfied global customers and is about to expand into the cluster and provisioning space," said newly appointed CEO Rouse. "I see tremendous opportunities for accelerating sales growth and profitability. I'm excited to be joining a team that is on its way to becoming the top provider of dynamic IT infrastructure solutions." Aaron Cheatham, principal with Mobius Venture Capital and a member of United Devices' board of directors said, "Adding Ben to the team will build upon the company's existing management assets and lay the foundation to drive further revenue growth and profitability as we look to expand upon existing customer successes." Ed Hubbard, who founded the company in 1999 and has served as CEO for the last four years, continues as President and a member of the board of directors. In this capacity Hubbard will lead development of new market initiatives and will manage company operations by working closely with enterprise customers as they begin scaling their Grids beyond 10,000 nodes. "We're excited to have Ben join the team," added Hubbard. "As United Devices increases our enterprise-wide rollouts Ben's experience will position us well to scale the business and drive growth throughout the enterprise IT infrastructure." About Mobius Venture CapitalWith offices in Palo Alto, California and Superior, Colorado, Mobius Venture Capital is a $2 billion U.S.-based private equity venture capital firm managed by an unparalleled team of former CEOs and entrepreneurs, technology pioneers, senior executives from major technology corporations, and leaders in the investment banking community. Mobius Venture Capital combines its technology expertise and broad financial assets with the industry's best entrepreneurs to create a powerhouse portfolio of over 100 of the world's leading high technology companies. For more information on the fund's investment team, technology vision and portfolio companies, please visit www.mobiusvc.com.About United DevicesUnited Devices is the market leader in secure grid solutions. The company's Grid MPTM platform is used to aggregate compute resources on a network to create workstation, cluster and data center grids capable of running a wide range of high-performance computing applications in life sciences, geosciences, manufacturing, financial services, chemical engineering and other industries. The company's solutions are available in both enterprise and on-demand deployments. United Devices also operates the world's largest Grid for grand-scale research that consists of more than 2.5 million devices in over 220 countries. For more information on secure grid solutions, visit the United Devices Web site www.ud.com. To volunteer your idle compute power, visit www.grid.org. United Devices is backed by venture capital leaders such as Mobius, GE Capital, Constellation, Time Warner, Sony, and Oak Investment Partners.Grid MP is a trademark of United Devices. |