Atempo Raises $6.2 Million in Funding.

Business Editors/High-Tech Writers

MOUNTAIN VIEW, Calif. & PARIS--(BUSINESS WIRE)--March 31, 2003

Atempo, the developer of Time Navigator(TM), the leading software platform for high-performance backup and recovery services, today announced that it has closed $6.2 million in funding.

Banc of America Equity Partners, KBC Investco, Plantagenet Partners and Vision Capital accounted for a majority of the investment in the round. The funding will be used to grow Atempo's business and continue product development plans. Thierry Flajoliet, Atempo's CEO said "The ability to secure additional funding in a tight market demonstrates Atempo's solid position and sustained momentum. With a decade of expertise in the field of data management and a significant worldwide installed base, Atempo will continue to innovate and provide best of breed storage software to help customers meet the data protection challenges they face across heterogeneous environments."

"We expect the storage market to be one of the first sectors to emerge from the weak technology market. With its world-class product offer and a solid backing, Atempo is well positioned to take advantage of the opportunity created by the growing complexity of storage network environments. We are pleased by the growing interest that Atempo is receiving from storage software analysts both in Europe and in the U.S.," said Sven Lingjaerde of Vision Capital, who was named one of the Top 25 European technology leaders by TIME Magazine Europe in 2001 and in 2002.

"Atempo's large installed customer base demonstrates that Atempo provides superior software for data protection," said Johan Lema of KBC Investco. "With this new financing, Atempo will continue to capitalize on its reputation as a storage software leader and extend its market presence in the data management space."

About Atempo

Atempo is the developer of Time Navigator, the software platform for high-performance backup and recovery services. The award-winning Time Navigator is designed for IT service providers, including both corporate and Internet data centers. Offering service providers a combination of software technology and business partnership, Atempo provides a foundation for new value-added storage services. Its unique concept of Time Navigation delivers unparalleled restore performance, and the product supports the latest storage networking architectures, including NAS, SAN and IP Storage.

Customers at more than 2500 sites worldwide rely on Time Navigator, including Cap Gemini Ernst & Young, Credit Agricole, France Telecom, Renault and Virgin Net. Dually headquartered in Mountain View, California and Paris, France, Atempo provides sales and support in more than 20 countries through a worldwide network of distributors and VARs. For more information please visit www.atempo.com or call us at [phone].

About Banc of America Equity Partners

Banc of America Equity Partners is the primary provider of direct equity and related investment capital for Bank of America. The unit makes both direct and indirect equity investments and has committed capital of US $7.5 billion globally, making it one of the largest private equity portfolios in the bank industry. In addition to its Chicago headquarters, the group has offices in Charlotte, NC; Dallas, TX; Foster City, CA; London, Milan, Mumbai (Bombay), Sao Paulo and Buenos Aires.

About KBC Investco

KBC Investco is the private equity division of the KBC Banc & Insurance Group, a multi-financial services company, which provides personal retail banking & insurance, corporate services, fund management and other financial services. KBC Investco provides equity and/or mezzanine financing to performing medium-sized companies.

About Plantagenet Partners

Plantagenet Capital Europe invests in businesses engaged in software development, manufacturing, distribution and high-tech service activities. It aims to add value to its portfolio companies by bringing in strong industrial and finance managerial expertise, and by identifying new market opportunities, distribution channels, and business partners.

About Vision Capital

Vision Capital is a Trans-Atlantic venture capital group providing growth capital for emerging technology companies, which are poised for rapid expansion into global markets. Vision invests in promising European technology companies and then takes an active, hands-on approach in expanding these businesses across the Atlantic. Vision has offices in Burlingame, California and in Geneva, Switzerland.

Atempo and the Atempo logo are trademarks, and Time Navigator is a registered trademark of Atempo S.A and Atempo, Inc. All other products, services and company names mentioned herein may be trademarks of their respective owners.