xdrivenews03nov2000

http://www.xdrivetechnologies.com/company/newsroom/pr_20001103_441.html 

XDRIVE SELECTED BY SMART BUSINESS AS “BEST OVERALL” AMONG INTERNET STORAGE SERVICES

A Leading Provider Of Intelligent Access To Stored Information Singled Out For Its Applications and Usability

Santa Monica, Calif. - 11/03/2000 --  Xdrive (www.xdrive.com), a leading provider of infrastructure software and services that enable intelligent information access and management, earned a “Best Overall” rating among its competitors in the Smart Business Labs’ “Deathmatch: Online Storage” usability testing.

Pitted against its competitors, Xdrive ranked highest by the Smart Business Labs’ testers for its edge in features, usability, and speed. Xdrive was also noted for its unique, desktop application that functions like any other drive on the PC, allowing users to see and work with their online Xdrive files and folders using the already familiar Windows File Explorer. Furthermore, Xdrive’s service was recognized for its Palm VII and WAP phone wireless applications, providing anytime, anywhere file access and management.

“Xdrive’s tremendous growth is apparent through its acquisition of some 30,000 new users each day,” said Paul Gigg President and CEO. “It is Xdrive’s goal to provide features and functionality that offer a sophisticated storage and file sharing solution for corporate and individual users.”

About Xdrive Technologies, Inc.

Xdrive Technologies, Inc., a privately held company headquartered in Santa Monica, Calif., is a leading provider of infrastructure software and services that enable anywhere, any device, file storage, access and collaboration. Its solutions are designed to meet the large scale demands of service providers and their customers, Strategic investors include SOFTBANK Corp., VERITAS Software, VeriSign, Inc., StorageNetworks, Inc., EMC Corporation, Network Appliance, Aether Systems, Mitsubishi Corporation, NEC Corporation, CNET Networks, Inc. and America Online, Inc. (AOL). Financial investors include Goldman Sachs Group, Wit SoundView Ventures, Deutsche Banc Alex. Brown, Centre Partners, eCompanies-Evercore Venture Management (E2VM), Pacific Capital Group, David Bohnett's Baroda Ventures, Davis Companies, Amos Hostetter's Pilot House Associates and J. & W. Seligman & Co. Inc.

###