BlueMeteor Chooses StorageNetworks to Safeguard Electronic Business Infrastructure.

Business/Technology Editors

WALTHAM, Mass.--(BUSINESS WIRE)--Sept. 12, 2000

BackPACS Services To Prevent Loss And Enable Recovery

For Crucial E-Commerce Applications

StorageNetworks, Inc. (NASDAQ: STOR), the Storage Services Provider (SSP) for the e-Economy, today announced BlueMeteor Inc., an Accelerated Solutions Provider(TM), has chosen to safeguard its electronic business infrastructure with the StorageNetworks(SM) Global Data Storage(SM) Network (GDSN). BlueMeteor is subscribing to StorageNetworks BackPACS(SM) backup and restore services, to protect its business-to-business architecture and, more importantly, its customers, 24 hours a day, seven days a week.

"As the volume of e-commerce proliferates, optimal data storage management has become a paramount concern for our customers," said David Weinstein, BlueMeteor's president and CEO. "Not only do we rely on StorageNetworks BackPACS services to ensure that our customers never have downtime, but we also look to StorageNetworks professional staff to provide a scalable storage solution that can grow alongside our customers' e-commerce businesses."

BlueMeteor provides solutions to companies seeking to solve complex business problems in today's highly dynamic and competitive e-Economy. BlueMeteor offers complete end-to-end integrated e-business solutions that catapult clients from idea to profit, and provide pre-built, scalable technologies that are delivered quickly and minimize a company's need to support the significant technical, human and capital resources traditionally required for a back-office infrastructure investment. BlueMeteor's combined solutions allow clients to leverage the Internet faster and more powerfully.

StorageNetworks BackPACS service, a member of the PACS(SM) (Protection, Availability, Continuity, Scalability and Security) suite of storage services, incorporates StorageNetworks' best-of-breed storage expertise with its Global Data Storage Network. BlueMeteor accesses the GDSN by plugging into the StorageNetworks StoragePort(SM) Access Channel. Once plugged in, it leverages the StorageNetworks' private high-speed fiber network, which connects BlueMeteor to StorageNetworks' Storage Point-of-Presence (StoragePOP(SM) or S-POP(SM)) data centers. Each S-POP data center features industry leading storage hardware, software and networking technologies. StorageNetworks Virtual Storage Portal(SM) (VSP), the world's first storage service management (SSM) software application, also permits BlueMeteor to gain greater control over its storage resources.

"StorageNetworks' BackPACS services were created for companies like BlueMeteor with clients whose businesses' have absolutely zero tolerance for the corruption or loss of mission-critical data by software bugs, natural disasters or human error," said Peter Bell, co-founder, chairman and CEO of StorageNetworks. "We are enabling BlueMeteor to focus on its core business competencies, allowing it to grow and minimize its concerns about the risk of down-time and/or lost data, through scalable data backup and restore services."

BlueMeteor Joins StorageNetworks Powered Program

BlueMeteor has also joined the StorageNetworks Powered(SM) Program. The StorageNetworks Powered program is designed to offer StorageNetworks premier customers access to a comprehensive suite of joint marketing services. Benefits of the program include inclusion in advertising, press releases and collateral programs, access to IT media and analysts, website logo placement and joint event participation opportunities. The StorageNetworks Powered program recognizes customers, such as BlueMeteor, that have demonstrated outstanding commitment to the protection, availability, continuity, scalability and security of their data storage infrastructure. For more information on how to qualify for and fully leverage the benefits of the StorageNetworks Powered program, please visit www.storagenetworks.com/powered.

About BlueMeteor, Inc.

BlueMeteor is an Accelerated Solutions Provider(TM) dedicated to helping e-minded companies rapidly exploit business-to-business (B2B) e-commerce opportunities. BlueMeteor provides a foundation for success by offering clients end-to-end integrated technical and infrastructure-related e-commerce solutions, hosting services, and a network of value-added partners to assist in implementation. With BlueMeteor, companies move from idea to profit on an accelerated timeline, enabling them to focus on core operational competencies while BlueMeteor manages the technical infrastructure and back-office operations of their business. BlueMeteor is backed by Minotaur Capital Management, Bluevector LLC and Wheatley Partners.

About StorageNetworks, Inc.

StorageNetworks, Inc. (NASDAQ: STOR) is the first Storage Service Provider (SSP) and an innovator that is making managed data storage services as accessible as phone or electric utility services. StorageNetworks enables enterprise with large and rapidly growing volumes of business critical information to store, protect and access it more easily, reliably and efficiently. StorageNetworks services let customers focus on building their business, not their data center, allowing them to achieve greater flexibility, quicker time to market, high levels of reliability and security, and lower operating costs. Based in Waltham, Mass., StorageNetworks operates in major business and government centers worldwide. For further information, please visit the company's Web site at http://www.StorageNetworks.com, email [e-mail], or call 1-800-463-7105.

Accelerated Solutions Provider is registered trademark of BlueMeteor. StorageNetworks, S-POP, StoragePOP, Global Data Storage, StorageNetworks Powered, PACS, BackPACS, StoragePort, Virtual Storage Portal, and VSP, are servicemarks or trademarks of StorageNetworks, Inc. All other company, brand and product names contained in this press release may be trademarks or registered trademarks of their respective holders.