Archivas Secures $12 Million in Series C Financing, Accelerating Its Leadership in Fixed Content Archiving.

WALTHAM, Mass. -- Investment Builds on Year of Noteworthy Achievements Including Doubling of Installed Customer Base, Release of Category Defining Software Enhancements and Key Executive Appointments

E[acute accent]Archivas(TM), Inc., the leading provider of fixed content archiving solutions, today announced that it is has successfully completed a third round of financing of $12 million, bringing the company's total financing raised to date to over $28 million. The round was led by original Series A and B round investors, North Bridge Venture Partners and Polaris Venture Partners; with Series B investor Solstice Capital joining this successive round as well. The funds will be used for continued development of its Archivas Cluster (ArC(TM)) technology, as well as to extend its market reach and penetration, which will include key distributor relationships with value added reseller (VAR) and original equipment manufacturer (OEM) partners, such as that with Hitachi Data Systems Corporation, the leading provider of Application Optimized Storage(TM) solutions and a wholly owned subsidiary of Hitachi, Ltd. (NYSE: HIT), also announced today. E[acute accent]This investment follows a year of noteworthy achievements for the company that includes the doubling of its installed customer base, comprised of such noteworthy customers as The Cancer Therapy & Research Center (CTRC), the Whitehead Institute-MIT BioImaging Center and the Computational and Systems Biology Initiative (CSBi) as well as the New York Botanical Garden. During 2005, the company also released its category defining Archivas Cluster (ArC) version 1.5, delivering the industry's most advanced search and indexing capabilities, availability and performance. The company also announced key executive appointments, such as Scott Dussault, the company's chief financial officer (CFO). E[acute accent]"This investment represents our ongoing dedication to Archivas' unsurpassed approach to the development and deployment of its industry leading long term fixed content archiving technology," said Jeff McCarthy, a general partner with North Bridge Venture Partners. "While its competitors are working to dazzle customers with marketing that features fancy three-letter acronyms, Archivas is delivering real solutions for the challenges customers face on a day-to-day basis - such as the ability to safely archive and quickly retrieve documents and images to support day-to-day business functions and regulatory compliance." E[acute accent]"We continue to be impressed with the extraordinary strides Archivas has made in its technology, its customer deployment and its market awareness, in what is truly a short period of time," said David Barrett, a general partner with Polaris Venture Partners. "We expect Archivas to remain a leader in shaping the future of the fixed content archiving market." E[acute accent]"We are honored to have the continued commitment of our world-class investors North Bridge Venture Partners, Polaris Venture Partners and Solstice Capital, each of whom are uniquely positioned to help us to address the burgeoning market for archiving solutions," said Gary Voight, president and CEO of Archivas. "We are indeed fortunate to be able to draw upon their combined wealth of knowledge, experience and industry relationships as we continue to accelerate Archivas' technology advancement, continued hiring and channel development." E[acute accent]For additional information about North Bridge Venture Partners, Polaris Venture Partners and Solstice Capital, please visit: http://www.nbvp.com/home.html, http://www.polarisventures.com/, and http://www.solcap.com/ respectively.

E[acute accent]About Archivas

E[acute accent]Based in Waltham, MA, Archivas, Inc. software lets customers store, protect and manage fixed-content data in the most open and operationally efficient online environment available on the market today, in order to meet both internal governance, as well as external compliance regulations. The Archivas Cluster (ArC) simultaneously addresses the need for immediate access to archive data while lowering the total cost of ownership. For additional information on Archivas, a proud sponsor of the CAS Community (www.cascommunity.org), please visit the Archivas Web site at www.archivas.com, email [e-mail] or telephone [phone].

E[acute accent]Archivas and ArC are trademarks of Archivas, Inc. All other brand and product names in this announcement may be trademarks or registered trademarks of their respective holders.