3Tera to Present the Impact of Grid and Utility Computing Offerings at Tier1 Research’s Hosting Transformation Summit 2007

3Tera to Present the Impact of Grid and Utility Computing Offerings at Tier1 Research’s Hosting Transformation Summit 2007

Barry X Lynn, Chairman and CEO of 3Tera, to join other industry leaders in a panel discussion on grid and utility computing

3Tera, Inc., the leading innovator of grid computing technology and utility computing services for web applications, announced today that Barry X Lynn, Chairman and CEO, will be participating in a panel discussion at the Hosting Transformation Summit (http://www.hsvsummit.com/index.php), the premier executive Summit for the hosting and Internet infrastructure sectors. The panel discussion entitled “Utility and Grid Computing: Products, Enabling Technologies, or Distractions,” will take place Tuesday, September 18 at 3:30-4:15 p.m. at the Venetian Hotel in Las Vegas, Nevada. John Abbott, Chief Analyst & Research Director, Systems, at The 451 Group covering the systems and storage industries will moderate the panel. Joining Lynn on the panel will be Michael Platner, CEO, Layered Technologies, and Brian Hurley, CEO, Liquid Computing.

Attendees will learn about emerging technologies, strategies and opportunities relevant to these activities, including ‘gridonomics,’ virtualization, SOA, security and open source, as well as social, cultural and organizational issues. The panel will examine grid computing offerings and their impact on the hosting market. As grids mature, they are being used to support a range of strategic activities. The sweet spot is utilities – enterprise and public.

The Summit from Tier1 Research (T1R) brings together executives, visionaries, senior architects, and financial professionals to talk about the future of hosting with context and guidance from T1R analysts. The Summit features insights from key industry leaders, whose successes and failures will help to shape business strategies in the years ahead.

What: 3rd Annual Hosting Transformation Summit: Panel Discussion
“Utility and Grid Computing: Products, Enabling Technologies, or Distractions.”

When: Tuesday, September 18 at 3:30-4:15 p.m.

Who: ? John Abbott, Chief Analyst & Research Director, The 451 Group (moderator)
? Barry X Lynn, Chairman and CEO, 3Tera, Inc.
? Michael Platner, CEO, Layered Technologies
? Brian Hurley, CEO, Liquid Computing

Where: Venetian Hotel in Las Vegas, Nevada

About Barry X Lynn, Chairman and CEO, 3Tera, Inc.
Barry brings extensive experience in both IT and entrepreneurship to 3tera. Prior to joining 3tera Barry founded Be eXceL Management, Inc., a management consulting firm, incubating and serving early stage technology companies. Additionally, in 2000, he joined Shoreline Venture Management, an early stage venture capital firm, as Director and General Partner. Prior to that, Barry had a long career in the investment and information technology arenas, with Chemical Bank (JP Morgan Chase), Bank of America and Wells Fargo where he was chief information officer (CIO) of Wells Fargo and Company, as well as president of Wells Fargo Technology Services, for 7 years. During that time he built the first Internet on-line banking system in the world. He was also president of Wells Fargo Securities Clearance Corp. and founder and president of Wells Fargo Securities, Inc. Barry has also served as Chairman and CEO of PRIVACI, a company providing anonymous purchasing and personalized services for consumers on the Internet, and Director of publicly traded software company, Merant PLC, prior to its acquisition by Serena. Barry is currently on the Boards of Directors of Alacritech, Layer 7 Technologies and Attune Systems.

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.

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