September 5, 2007

3Tera Reorganizes After Founder's Death

ALISO VIEJO, Calif. -- 3Tera Inc., the leading innovator of grid computing and utility computing services for Web applications, announced the following executive changes effective Sept. 4:

* Barry X Lynn, chairman, has assumed the additional role of chief executive officer.

* Peter Nickolov, CTO, has been named president and chief operating officer.

* Eric Tessler has been named vice president of engineering.

The changes follow the sudden passing of 3Tera’s founder and utility computing visionary Vladimir Miloushev, age 45, from a brain aneurysm on Aug. 30.

Lynn, 3Tera chairman and newly appointed CEO, commented, “Vlad was a brilliant, extraordinary visionary who will be missed by everyone that knew him. He built a strong company by surrounding himself with exceptional people. 3Tera is strong and fully capable of not only achieving its goals, but exceeding them.”

“For 20 years, Vlad has been my mentor, my friend and an extraordinary person that I’ve always looked up to,” said Nickolov. “What we have built together is in good hands. 3Tera has a great and very capable team. Our development roadmap remains on track. AppLogic is already setting the standards for true utility computing, enabling more and more companies to scale computing effortlessly.”

Prior to joining the company, Lynn has been president and CEO of Be eXceL Management Inc. Prior to founding Be eXceL, he was with Wells Fargo & Co. for 16 years, where he held numerous positions, including president of Wells Fargo Technology Services and CIO of Wells Fargo & Co., where he implemented the first online banking system completely based on Internet technology.

Nickolov also serves as CTO of the company, a post he has held since the formation of the company in 2004. He is one of the principal inventors of 3Tera's core technology who designed and led the development of AppLogic grid operating system. Peter is a serial entrepreneur who has founded four technology companies. He brings to 3Tera 20 years of experience as technology executive combined with technical expertise in operating systems, real-time software, networking and storage. Peter has authored 24 patents and has over 30 innovations in the areas of operating systems, multithreading, kernel mode and real-time software, network protocols, file systems and computing resource aggregation. Prior to 3Tera, Nickolov founded Z-force, a storage networking startup, and served as the vice president of software for the company until May 2003.

Tessler, the newly appointed vice president of engineering, has more than 12 years of experience in object-oriented software development to define and deliver new product concepts that transform the way users work with computers. As vice president of engineering, he will be responsible for leading the engineering team and all product development. Eric has been with 3Tera since the company’s founding, and before taking the vice president of engineering position, was lead software engineer in 3Tera's core engineering team responsible for the development of the AppLogic grid operating system. Prior to 3Tera, Eric was lead software engineer within the scalable file system group at Z-force, where he built an aggregated file system combining multiple file servers for increased capacity, high availability and performance. Before Z-force, he worked as a staff engineer in Object Dynamics, developing Windows user and kernel mode components and applications, Embedded NT utilities and user interfaces for various systems. Tessler has a Bachelor of Science degree in Computer Science from California State University at Fullerton.

About 3Tera Inc.

3Tera Inc. is an innovator of grid and utility computing, simplifying the deployment and scaling of Web applications. Named a 2007 Category Breaker by NetworkWorld magazine, 3Tera’s AppLogic grid operating system enables the first true utility computing services that completely remove the cost and complexity associated with infrastructure. The operating system converts commodity servers into scalable grids on which users can visually operate deploy and scale transactional Web applications without any modification of code. Software-as-a-service providers, Web 2.0 companies, enterprises and open source developers can now get new online services quickly to market by utilizing resources from commodity hosting providers on a pay-as-you-go basis, while maintaining complete control of applications including visual operation, scaling and on-demand resource provisioning. For more information, visit www.3tera.com.