Verari Systems Forms Software Division by Acquiring MPI Software

4/13/2004 - MPI Software Technology, Inc. (MSTI), a leading independent provider of high-performance middleware products and related services for parallel and cluster computers, announced its acquisition by Verari Systems, previously RackSaver, Inc. of San Diego, the premier developer of powerful, flexible, and scalable platform-independent blade server clusters, rack-optimized servers and high-performance technical workstations. Through this vertical integration of systems, software, and value-added services, the combined company offers unparalleled complete solutions for very high performance computing.

MSTI was recently ranked #5 in the Birmingham Business Journal for Birmingham, Alabama’s Fastest Growing Companies. Verari Systems is currently ranked by IDC as the fifth-largest x86 server provider in the U.S. Their combined existing customers include such enterprises as Boeing, Conoco, Fujitsu, Industrial Light and Magic, Lockheed Martin, Motorola, NASA, NVIDIA, Northrop Grumman, Novartis, Pixar, Shell Gas and Oil, Veritas Geographical Services, as well as top universities and research institutions worldwide. The announcement underscores Verari Systems’ strong position in the blade server market, the fastest-growing segment of the server sector.

The MSTI executive team and staff will form the Verari Systems software division immediately, collaborating to integrate MSTI’s offerings with Verari Systems' blade server clusters, rack-optimized servers and high-performance technical workstations. MSTI President Jennifer Skjellum will assume the role of President of the Verari Systems Software Division.

According to Jennifer Skjellum “We are excited about the opportunities that have been made available by joining the two companies together. This is a win not only for MPI Software Technology but for the city of Birmingham as we are now better positioned to enter into new fast-growing markets.”

MSTI moved its headquarters to downtown Birmingham in September of 2003, bringing over 18 full-time jobs to the state, and has since added more. MSTI also has offices in New Hampshire, Eastern Europe, and India. The new software division of Verari Systems will remain in Birmingham, creating opportunities for continued expansion into the fast growing blade server market. Verari Systems Software will continue providing leading software solutions to existing and new customers.

About Verari Systems
Verari Systems, previously RackSaver Inc., is the premier developer of powerful, flexible, and scalable platform-independent systems that are defining a new era in high performance utility computing. Enterprises such as Boeing, Conoco, Fujitsu, Industrial Light and Magic, Lockheed, Microsoft, Motorola, NASA, NVIDIA, Northrop Grumman, Novartis, Pixar, and Shell, as well as top universities and research institutions worldwide, are among the 4000+ customers who have chosen Verari Systems' line of high-density blade server clusters, rack-optimized servers and high-performance technical workstations. To learn more about Verari Systems and its unique solutions, please visit www.verari.com or call (888) 942-3800.

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