Solidcore Closes $10 Million Series D Financing with More than Four-Times Year over Year Revenue Growth

JAFCO Leads Investment with Matrix, Menlo and Sevin Rosen Funds to Support Increasing Demand for Automated Change Control

PALO ALTO, Calif., Apr. 25, 2007 — Solidcore® Systems, Inc., a leading provider of change control for critical systems, today announced it has secured $10 million in a fourth round of venture capital financing led by JAFCO Ventures.  The new round of financing was also supported by existing investors Matrix Partners, Menlo Ventures and Sevin Rosen Funds.  The investment will bolster worldwide sales and marketing efforts to support the company's rapid growth and the increasing demand for proactive, automated change control for critical IT infrastructure.

The funding from JAFCO Ventures, Matrix Partners, Menlo Ventures and Sevin Rosen Funds brings Solidcore's total financing to approximately $40 million.  In addition to supporting Solidcore's market expansion, the new funds and JAFCO's proven leadership in Asian business development will help accelerate Solidcore's change control business throughout Japan and other Asia Pacific markets. 

"We are very excited about the prospects for this market, and look forward to helping contribute to Solidcore's future expansion," said Tom Mawhinney, general partner at JAFCO Ventures.  "Solidcore is well positioned in the market with unrivaled technology that automates the process of tracking and controlling change across critical IT systems.  Solidcore has demonstrated success streamlining and reducing the costs of Sarbanes-Oxley compliance audits in the US, and we expect this success to continue with companies throughout Japan that are aggressively working towards compliance with J-SOX - Japan's Financial Instruments and Exchange Law."

Solidcore's new investment comes on the heels of exceptional business growth and momentum, including:

• More than four-times year-over-year revenue growth
• New customer successes that include Los Angeles World Airports, NEC and Motorola
• New Solidcore offices opening in Europe and Asia
• Leading industry analysts acknowledging Solidcore's unique technology advantage in the marketplace
• Solidcore's S3 Control product awarded 2007 Info Security Products Guide Global Excellence Award for change control
• Solidcore's S3 Change Explorer product awarded the Windows IT Pro Pick of the Week

"We are gaining exceptional footing as more customers deploy Solidcore over the competition to proactively control change in their IT environments, and this new round of financing reaffirms the successful efforts of the entire Solidcore team," said Rosen Sharma, president and CEO of Solidcore.  "Solidcore is the pioneer of automated, technology-based change policy enforcement, which has proven to help IT organizations maximize in-process change and eliminate out-of-policy change.  With the completion of this financing, we will help more customers apply our technology and products for higher availability, lower compliance costs and improved ROI on existing change and configuration management solutions."

Warren Lazarow and Paul Sieben of O'Melveny & Myers LLP of Menlo Park represented Solidcore in this round of financing.

About JAFCO Ventures
Based in Palo Alto, California, JAFCO Ventures is an independent venture capital partnership focused on companies that are emerging leaders in the software, semiconductor and communications industries.  JAFCO Ventures was formed in 2003 and currently manages $200 million in capital.  The fund's charter is to invest in venture opportunities with true "breakout" potential where JAFCO Ventures can meaningfully add value with capital, the experience of seasoned venture capital investors, and the deployment of our Asia business development (ABD) team.  The role of the ABD team is to help JAFCO's portfolio companies generate revenue from customers in Japan and other parts of Asia.  For more information, visit www.jafco.com.

About Solidcore Systems
Solidcore is a leading provider of change control for critical systems.  Solidcore's S3 Control software is the industry's first and only solution to automate the enforcement of change management policies.  Solidcore automatically reconciles infrastructure changes against change tickets, and provides real-time change auditing so enterprises can measure the effectiveness of change management processes and policies.  Customers trust Solidcore to improve service availability, implement ITIL initiatives, and lower costs related to Sarbanes-Oxley compliance.  Solidcore also provides change control for embedded systems and is used by major device manufacturers to securely leverage open systems to meet their business requirements.  Solidcore is headquartered in Palo Alto, California.  For more information, visit www.solidcore.com.

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