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Press Release

Tandberg Data Completes Restructuring

Tandberg Data focuses on execution of strategic vision of broadening data protection portfolio

Oslo Norway, (May 19, 2009): Tandberg Data, the global supplier of data protection solutions, today announced that the new holding company, TAD Holdings AS, has been successfully established. TAD Holdings owns all global Tandberg Data subsidiaries. Cyrus Capital is the majority shareholder and owner of the newly established company.

During the restructuring process, Tandberg Data’s global subsidiaries have remained 100% focused on serving customers worldwide. Tandberg Data Corporation in the US, Tandberg Data Japan, Tandberg Data Singapore, and Tandberg Data in Europe have continued operations, research and development, sales and marketing, and have provided customers with service and support. This month’s introduction of the DPS1000 Series VTL, the company’s new disk based backup solution, has been a testament to the continued focus of the company.

With the restructuring process completed, the Tandberg Data management team, led by CEO Pat Clarke, continues to run the company.

"This is a critical and very positive milestone in the continued transformation of the company,” says Pat Clarke, CEO of Tandberg Data. “The restructuring process has been tough, but it has placed the organization on the path to profitability and success, for both the short and long term future. I have been impressed by the focus and determination of our team, and would like to thank our partners and customers for standing by us during this challenging process.”

The company now moves into the next phase of its transition, as it focuses on the continued execution of its strategic vision of providing data protection solutions, including disk, tape drives and automation, software and services, to the SMB market.

About Cyrus Capital

Cyrus Capital Partners, L.P., with offices in New York and London, is a registered investment adviser. Cyrus Capital Partners invests across the capital structure of leveraged companies throughout their life cycles, and seeks to generate attractive absolute returns that are not correlated to or dependent upon the general equity and fixed income markets.

For further information please contact:
Marije Stijnen
Director of Corporate Marketing
Tandberg Data
Tel.: + 44 7909 906012
Email: marije.stijnen(at)tandbergdata.com

About Tandberg Data

Tandberg Data is a leading global supplier of data protection solutions. Tandberg Data offers a wide selection of secondary storage solutions, ranging from disk-based appliances, such as the RDX QuikStor™ and the Tandberg DPS1000 Series™ VTL, to automated tape solutions like the Tandberg StorageLoader™ and StorageLibrary™ Series. Tandberg Data also offers tape drives, based on the LTO, SLR™, and VXA® tape technology platforms, and media. Tandberg Data solutions are supported by robust, easy to use software, such as the RDX FileKeeper™, the continuous data protection solution for the RDX QuikStor. All solutions are supported through a worldwide service and support network, recognised globally for its outstanding levels of service. In addition to the standard warranty and support offerings, on-site service upgrades provide Tandberg Data customers with further peace of mind.

Tandberg Data products are supported by all major operating systems and software applications to successfully integrate and operate in heterogeneous storage environments. All solutions are designed to meet the growing storage requirements of small and medium sized organizations with scalability, reliability, and backward compatibility features that ensure cost effective operation and long-term investment protection.

Tandberg Data markets its solutions exclusively through a global channel of qualified resellers and distributors. This channel model is supported by OEM agreements with major server manufacturers including Apple, Fujitsu, Fujitsu Technology Solutions, HP, Hitachi, IBM, and NEC.

For further information, please visit www.tandbergdata.com

Tandberg StorageLibrary, StorageLoader, SecureService, DPS1000 Series, DPS1100, and DPS1200 are trademarks of Tandberg Data ASA. RDX QuikStor and SLR are trademarks of Tandberg Data ASA. VXA is a registered trademark of Tandberg Data ASA. RDX is a registered trademark of ProStor Systems, Inc. LTO is a trademark of HP, IBM, and Quantum. All other trademarks are the property of their respective owners.

November 10, 2009
Tandberg Data Boosts RDX QuikStor™ Capacity

Tandberg Data, the global supplier of data protection solutions, today announced that it has expanded its RDX QuikStor™ cartridge capacity offerings to include the 640GB RDX QuikStor cartridge.

Tags: RDX QuikStor, 640GB cartridge
May 11, 2009
Tandberg Data Introduces Next Generation of Virtual Tape

Tandberg DPS1000 Series™ VTL offers scalable, sharable, and seamless data protection for virtual environments

Tags: DPS1000 Series™ Virtual Tape Libraries, VTL
February 12, 2009
Tandberg Data Presents Q4 2008 Results
July 24, 2009
Tandberg Data Appoints new Vice President Sales and Marketing Asia Pacific, Japan and the Middle East
April 14, 2009
McDonald’s ensures data protection and compliance with RDX QuikStor

McDonald’s Canadian Franchises secures data access and transfer on the go with Tandberg Data’s RDX QuikStor

Tags: RDX QuikStor
April 27, 2009
Tandberg Data announces Comprehensive Business and Financial Restructuring
November 16, 2009
Tandberg Data ships DAT 320 drives

Tandberg Data, the global supplier of data protection solutions, today announced the availability of its DAT 320 tape drives and media products.

Tags: DAT 320 drives and media
May 19, 2009
Tandberg Data Completes Restructuring

Tandberg Data focuses on execution of strategic vision of broadening data protection portfolio

February 23, 2009
Tandberg Data enhances Half-Height LTO-drive offering

1U rackmount enclosure and External SAS drive provide flexibility and choice

Tags: 1U rackmount for 2 LTO HH drives, LTO-4 HH external SAS drive
November 3, 2009
Tandberg Data ships LTO-4 HH Fibre Channel Drives

Introduction of LTO-4 Half Height 4Gb Fibre Channel enhances 2U and 4U libraries performance in midrange and enterprise environments

Tags: LTO-4 HH drives, fibre channel, Tandberg Data StorageLibrary, 4Gb FC connectivity
April 20, 2009
Tandberg Data Expands StorageLibrary T40+ Series

T120+ takes StorageLibrary series up to 114 slots and 91TB native capacity

Tags: StorageLibraryTM T40+ storage library, 12U, 91TB with T120+ drives
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