Leading VC VenGrowth Backs Leaders in High-Speed Networking

OTTAWA, On. — January 21, 2002 — Neterion Inc. (formerly S2io Inc.), a leading provider of high-speed server and mass storage solutions, today announced that it has secured a CDN $14 million investment. VenGrowth, Canada's Tier One venture capital firm, led the financing round with The Business Development Bank of Canada (BDC) as co-investor.

Neterion's innovative solutions will address the key performance/cost bottlenecks that exist at the server and mass storage network interface, while leveraging the cutting-edge technology of high-speed 10 Gigabit Ethernet networks. Pioneers in the industry, members of Neterion's management team were instrumental in developing and delivering the industries first 1Gigabit Ethernet network interface products.

"VenGrowth has an excellent reputation in the technology sector and we are fortunate to have them as our lead investor," said Mike McPherson, Vice President, Neterion Technologies Corp. "We look forward to the partnership, which will be instrumental in helping us develop our distribution channels and client base."

The proceeds will be used for product development, operations, and sales and marketing initiatives. VenGrowth will hold two seats on the company's Board of Directors.

"In the fast growing high end server and data center market, there is an immense opportunity for advanced, high-speed networking solutions - we found the convergence of a best-of-breed system solution, technological innovation and management acumen factors in Neterion Technologies," said Patrick DiPietro, General Partner, VenGrowth Capital Partners. "Neterion's management team is highly experienced in the space. They possess a unique and proven skill-set bringing high-speed network and storage solutions to the market."

About Neterion, Inc.
Founded in 2001, Neterion Inc. has locations in Cupertino, California and Ottawa, Canada. Neterion delivers 10 Gigabit Ethernet hardware & software solutions that enable OEMs to solve their customers' high-end networking problems. The company's line of Xframe® products is based on Neterion-developed technologies that deliver new levels of performance, availability and reliability in the datacenter. Xframe and Xframe II include full IPv4 and IPv6 support, and comprehensive stateless offloads that preserve the integrity of current TCP/IP implementations without "breaking the stack." Xframe drivers are available for all major Operating Systems, including Microsoft Windows, Linux, Hewlett-Packard's HP-UX, IBM's AIX, Sun's Solaris and SGI's Irix. Formerly known as S2io, the company changed its name to Neterion in January 2005.

Further information on the company can be found at http://www.neterion.com/

The Neterion, Xframe, Xframe II names and logos and combinations thereof, are trademarks of Neterion, Inc. Other names are for informational purposes only and may be trademarks of their respective owners.

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