| [April 24, 2007] |
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FCS Partners with Network Engines to Bring Cryoserver Forensic Compliance Appliance to the Market
CANTON, Mass. & LONDON --(Business Wire)-- Network Engines, Inc. (NASDAQ: NENG), a leading provider of storage and security server appliance products and services, and Forensic Compliance Systems (FCS), a fast-growing UK-based provider of forensic email compliance solutions, today announced an agreement whereby Network Engines will build the FCS Cryoserver range of products, to allow customers to enjoy the ease of deployment and manageability offered by dedicated appliances. Following this agreement, FCS transitions from the pure security sector into email/IM security and storage management space and will continue to build their value add channel.
Cryoserver eliminates the need for email backup, Disaster Recovery and quotas while providing unprecedented compliance & lifecycle management.
"Today organizations often demand all-in-one solutions and by partnering with Network Engines we can successfully meet such requests with a strong hardware and proven software offering. Thanks to Network Engines' world-class manufacturing and global logistics we will be able to deliver high-quality products with lower total ownership costs," said Ralph Harvey, FCS Chief Technology Officer.
"The current focus on compliance and the rapid increase in the use of email and Instant Messaging for business purposes have created a number of challenges for vendors that until today were yet to be effectively addressed," said Network Engines President and CEO Greg Shortell. "Thanks to our track record we secured this relationship with FCS and we look forward to the continued development of the Cryoserver VOIP and SMS solutions."
Network Engines - THE Appliance Company
Network Engines appliances are designed to ease the deployment, enhance manageability, and increase security of software applications.
Our heritage of providing technology products and services tailored to supporting the entire lifecycle of our customers' appliances has made us the appliance partner of choice for software market leaders.
Founded in 1997, Network Engines is headquartered in Canton, Massachusetts and trades on the NASDAQ exchange under the symbol "NENG." For more information about the Company's products and services visit: www.networkengines.com.
About FCS
FCS (Forensics & Compliance Systems) was founded in 2006 in Dublin, Ireland and has a UK office at 68 Lombard Street, London EC3V 9LJ. FCS enables its users to effectively address the challenges of compliant email archiving through its flagship product family 'Cryoserver'. FCS' current technology partners include EMC, IBM, HP, Dell, Sun, Novell and Microsoft. Its solutions are available from its network of channel partners. For more information please visit www.cryoserver.com
Safe Harbor for Forward-Looking Statements
Statements in this press release regarding the Company's future financial performance and any other statements about Network Engines' management's future expectations, beliefs, goals, plans or prospects, constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The Company's actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including those factors contained in the Company's most recent Annual Report on Form 10-K for the year ended September 30, 2006 and the most recent Form 10-Q for the quarter ended December 31, 2006 under the section "Risk Factors" as well as other documents that may be filed by the Company from time to time with the Securities and Exchange Commission. Forward-looking statements include statements regarding the Company's expectations, beliefs, intentions or strategies regarding the future and can be identified by forward-looking words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," "will," and "would" or similar words. The Company assumes no obligations to update the information included in this press release.
Network Engines and the Network Engines logo are trademarks of Network Engines, Inc. All other trademarks are the property of their respective holders.
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