StorageNetworks Appoints Richie Lary of Compaq to Executive Advisory Council; Technical Director of Compaq Storage Products Division to Assist with Company Strategy.

Business/Technology Editors

WALTHAM, Mass.--(BUSINESS WIRE)--March 30, 2000

StorageNetworks, Inc., the leading Storage Services Provider (SSP) for the e-Economy, today announced that Richie Lary, technical director of the Storage Products Division at Compaq Computer Corp., has joined the StorageNetworks(SM) Executive Advisory Council.

The council, first announced in early 2000, now includes a cross-section of nine of the storage industry's foremost industry executives, visionaries and consultants, all of whom have joined together to assist StorageNetworks in identifying and responding to key industry trends.

"We are pleased to welcome someone with the breadth of knowledge and experience that Richie Lary brings to our Executive Advisory Council," said Bill Miller, co-founder, executive vice president and chief technology officer of StorageNetworks. "With over 30 years of industry expertise, particularly in the storage industry, and 25 patents for inventions in the fields of computer and storage system design, he will clearly be a great asset to StorageNetworks as we continue to develop our position in the rapidly growing and evolving SSP market space."

Richard Lary is a Compaq Fellow and has been an engineer with Digital Equipment Corp. and Compaq since 1969. Mr. Lary was an architect of Digital's VAX computer family in the 1970s. He joined Digital's storage business in 1978, where he was a key architect and designer of the Digital Storage Architecture and its associated products. He became Digital's storage architect in 1990, technical director of Digital's Storage Business Unit in 1997, and technical director of Compaq's Storage Products Division in 1998.

The Executive Advisory Council is chartered with helping the StorageNetworks executive team shape the company in accordance with industry developments, gain high-level access to potential strategic partners and customers, and stimulate third-party validation of the company's services.

Mr. Lary joins eight other members of the council, including Janpieter Scheerder, president of Sun Microsystems Network Storage; Andreas Bechtolsheim, vice president of engineering of the Gigabit Switching Group at Cisco Systems; F. Roy Carlson, Jr., vice president of engineering at Maxtor Network Systems Group; Barry X Lynn, president and CEO of Be eXceL, Inc.; Fred Moore, founder and president of Horison Information Strategies; Michael Peterson, president and senior analyst of Strategic Research Corporation; Martin Schoffstall, chief technology officer and co-founder of PSINet; and Rich Seifert, president of Networks & Communications Consulting.

About StorageNetworks, Inc.

StorageNetworks, Inc. is a leading Storage Service Provider (SSP) for the e-Economy and an innovator that is making managed data storage services as accessible as phone or electric utility services. StorageNetworks enables emerging Internet companies, e-commerce companies and established enterprises to store, protect and access critical information more easily, reliably and efficiently. Based in Waltham, Massachusetts, StorageNetworks operates in major business and government centers nationwide. For further information, please visit the company's Web site at http://www.StorageNetworks.com, email [e-mail], or call 1-800-463-7105.

StorageNetworks, Storage Services for the e-Economy and Global Data Storage are servicemarks of StorageNetworks, Inc. All other brand and product names contained in this release may be trademarks or registered trademarks of their respective holders.