LONDON, February 10 /PRNewswire/ --

- Doughty Hanson Leads Investment Round in Disruptive Archive Store 
Technology

Archive store specialists Clearpace Software http://www.clearpace.com
announces that it has secured $4 million in funding led by Doughty Hanson
including participation from other existing investors. The investment will be
used to expand Clearpace's successful OEM strategy, which has seen a growing
number of ISVs embed Clearpace in their products to deliver highly
compressed, secure and accessible archive stores to their customers.

"We have been long-term supporters of Clearpace and the disruptive
technology they have introduced into the data management and storage market,"
said George W. Powlick, Managing Director at Doughty Hanson. "During 2008,
Clearpace strengthened their management team, implemented a well defined
indirect go-to-market strategy and continued to invest heavily in R&D. As a
result Clearpace is well placed in the current market with a truly
differentiated solution and a highly leveraged business model."

Clearpace will leverage the additional funding to recruit and support new
ISV partners in the United States and Europe who embed Clearpace technology.
Clearpace recently announced a strategic partnership with Applimation, the
leading provider of application data management solutions.

"Clearpace has put in place the platform to build an exceptional company
over the last 12 months while also gaining traction and momentum in the
application archiving and sunsetting market," said John Bantleman, CEO of
Clearpace. "Companies of all sizes are struggling under the weight of growing
data volumes, while also being mandated to keep more data longer. In a nut
shell, we solve the long-term data retention problem, enabling companies to
store and manage historical data from production or legacy systems as simply,
securely and cost-effectively as possible. We are providing the right
technology at the right time."

About Clearpace

Clearpace Software Ltd is a UK-based software company that
provides database archiving solutions for the long-term retention of
structured data within the enterprise. Clearpace has become a pioneer in the
database archiving market by providing archive stores that are the optimal
destination for inactive data that has been removed from production systems.
The Clearpace NParchive software enables organisations with large and growing
data estates to massively reduce the cost and complexity of storing
historical information while making archived data easily accessible for
regulatory, legal and business purposes. Using NParchive, companies are able
to store as much as 60x more historical information on commodity hardware.
Clearpace serves a variety of industries, including Financial Services,
Telecommunications, Energy, Utilities, Pharmaceuticals, Retail and the Public
Sector.

For more information visit http://www.clearpace.com

About Doughty Hanson Technology Ventures

Doughty Hanson Technology Ventures aims to help talented entrepreneurs in
Europe to build world-class technology companies.

Founded in 2000, Doughty Hanson Technology Ventures is an
early-stage, venture capital fund with $272 million under management.
Operating from London and Munich, the Fund is independently managed by a
dedicated team of professionals with substantial personal experience in the
technology and financial sectors. The fund focuses on emerging technology
sectors in the areas of software, hardware and clean technologies.

Having established a long track record of successful venture
capital investments in Europe and the United States, the team relies on its
experience, personal networks and the resources of Doughty Hanson & Co, one
of Europe's largest independent private equity firms, to help identify and
grow investment opportunities.

For more information visit http://www.doughtyhanson.com

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