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Mimosa Systems Recognized as a TiE50 Award Winner for its Leadership in Innovation, Ingenuity and Management Excellence

Award-Winning Mimosa NearPoint Delivers eDiscovery, Email, File and SharePoint Archiving, and Storage Optimization in a Single Solution Professional

Santa Clara, Calif .– May 14, 2009 — Mimosa Systems, the leader in next-generation email, file and SharePoint archiving solutions, today announced that the prestigious TiE organization has selected Mimosa as a TiE50 award winner for its’ leadership in innovation, ingenuity, and management excellence. Mimosa’s award-winning NearPoint™ solution addresses critical customer requirements for content archiving, eDiscovery, regulatory compliance, data protection, and storage optimization in a unified offering.

Mimosa was selected as an exceptional top 50 start-up in the software focus segment from a pool of 1200 emerging technology companies. The company will present its leading archiving solution in a live showcase at TiEcon 2009, on May 15th and 16th in Santa Clara, CA. TiE is a global organization dedicated to fostering entrepreneurs across its international network sponsored by top venture capital firms and Fortune 500 corporations. TiE is spread across 53 chapters in 12 countries comprising of 1,800 experienced entrepreneurs and business executives as charter members, 12,000 aspiring entrepreneurs and professionals as members.

“We are pleased to be recognized by TiE as a top 50 technology company for 2009,” said T.M. Ravi, CEO, Mimosa Systems. “This recognition by our peers in the industry provides continued validation of Mimosa’s market leadership in delivering the most comprehensive content archiving solution for customers around the globe. This award signifies the value our customers are experiencing with the most innovative archiving solution to retain, recover and discover data across the enterprise.”

About TiECon2009 and TiE50
TiEcon 2009 is two action-packed days of rich dialogue, networking and deal making with thousands of entrepreneurs, venture capitalists, industry executives, and thought leaders. TiEcon 2009 is themed “The BOLD Entrepreneur”, focusing on dynamic individuals who are able to adapt to changing conditions and create their own future despite downturns and uncertainties. TiE50 winners are diverse in terms of size, progress, maturity and location. They share a common thread of innovation, ingenuity, strong management teams and overall quality of ideas.

“All of this year's winners embraced TiE’s message of the bold entrepreneur, said Mateen Syed, TiE50 Chair. “The judges were impressed by the quality of ideas and execution across each vertical segment. These fifty companies represent the finest in entrepreneurship and serve as role models, encouraging and inspiring emerging start-ups to succeed as Bold Entrepreneurs stimulating the economy.”

The TiE 50 judging process was designed with meticulous planning, screening and judging by a list of over forty prominent entrepreneurs, venture capitalists, corporate executives and other domain experts. TiE is also pleased to acknowledge the nominee companies and those who publicly voted from around the world who contributed to the TiE50 selection process.

About Mimosa NearPoint
Mimosa NearPoint addresses critical customer requirements around archiving, eDiscovery, regulatory compliance, business continuity, and storage optimization in a unified solution. Mimosa NearPoint proactively captures email, files, SharePoint content and instant messages; and provides legal search workflow, employee supervision, immediate mailbox and message recovery, disaster recovery, and self-service search and access in one solution. By leveraging cost-effective storage and advanced classification rules, NearPoint also optimizes content storage and reduces overall infrastructure costs.

About Mimosa
Mimosa Systems, Inc. delivers next-generation email, file and SharePoint archiving solutions for information immediacy, discovery, and continuity. Mimosa NearPoint is the industry’s most comprehensive unstructured information management software solution for email, files, collaboration systems and instant messages, enabling archiving, eDiscovery, storage management, and recovery in a unified solution. Mimosa is a Microsoft Gold Certified Partner, recognized for its competencies in networking infrastructure solutions, ISV/software solutions, and advanced infrastructure solutions. Mimosa was founded in 2003 and is based in Santa Clara, California, with offices in Canada, France, Germany, the United Kingdom, Japan, China, Australia, and India. For more information, visit http://www.mimosasystems.com.

Mimosa, Mimosa Systems, and Mimosa NearPoint are trademarks of Mimosa Systems. All other product and company names herein may be trademarks of their registered owners.

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