LIVEVAULT NAMED A CODIE AWARD FINALIST
FOR BEST STORAGE SOFTWARE

Online backup and recovery service recognized by industry experts as
one of the most innovative storage solutions

MARLBOROUGH, MASS. JANUARY 5, 2004—LiveVault Corporation®, the leading provider of online backup and recovery solutions for business servers, today announced that the LiveVault Online Backup and Recovery Service™ was selected as a finalist by The Software & Information Industry Association (SIIA) for the 19th Annual Codie Awards in the best storage software category.

The 2004 Codie Awards showcase the software and digital content industry's finest products and services and honor excellence for corporate achievement and philanthropic efforts. During the nomination period, which closed in October, over 800 nominations from more than 600 companies were submitted. The number of nominees represents a record high for the program.

"In light of the intense competition this year, to be named a Codie Awards finalist is a tremendous honor and an important achievement. SIIA is proud to recognize these companies as true leaders in their fields," said Ken Wasch, SIIA President.

The LiveVault Online Backup and Recovery Service works by automatically and continuously backing up business server data via a secure Internet connection and storing it in a secure offsite location, where it is available for immediate—and guaranteed—recovery in the event of a system failure, virus, human error, or other disaster.

The LiveVault service is designed for customers whose servers reside outside of major data centers—such as enterprise remote or branch offices, or small and mid-sized businesses—and who have primarily relied on in-house tape backups to keep their data safe. Analysts estimate nearly 50 percent of tape-based backups for these distributed servers fail to restore properly, seriously compromising the operations, and potentially the viability, of affected companies. Conversely, LiveVault's fully managed service guarantees 100 percent data recoverability.

The Codie Awards program is the only peer recognition program in the software and information industry, providing a unique opportunity for companies to compete for the praise of their competitors. The 2004 Codie Awards will be presented at a black-tie gala on Tuesday, May 18 at the Palace Hotel in San Francisco, California.

“It is a tremendous honor to be named a Codie finalist and a testament to the hard work and dedication of our employees,” said Bob Cramer, LiveVault’s president and CEO. “We’re focused on providing the easiest to use and most comprehensive backup and recovery service to our customers and this recognition by the SIAA is a proof point that we’re achieving our goals.”

Full information about the 2004 Codie Awards Program is available at: http://www.siia.net/codies2004/.

For more information on LiveVault's data protection and disaster recovery solutions, please email sales@buildingitc.com or call 866-324-3324.

About LiveVault Corporation
LiveVault Corporation is the leading provider of fully managed online data backup and recovery services. LiveVault automatically and continuously backs up server data, protects it offsite at a secure, remote facility, and makes it immediately available for recovery 24x7. Through its partnerships with Iron Mountain (NYSE: IRM), BT (NYSE: BTY), Hewlett-Packard (NYSE: HPQ), Microsoft (NASDAQ: MSFT), and others, LiveVault helps ensure the business continuity of mid-sizedbusinesses, as well as distributed offices of larger enterprises. LiveVault is based in Marlborough, Mass. For more information email sales@buildingitc.com or call 866-324-3324.

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LiveVault is a registered trademark of LiveVault Corporation. Iron Mountain is a registered trademark of Iron Mountain, Incorporated. HP is a registered trademark of Hewlett-Packard Corporation. Microsoft and .NET are either registered trademarks or trademarks of Microsoft Corp. in the United States and/or other countries. Other product and company names mentioned herein may be trademarks and/or service marks of their respective owners. All rights reserved.