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Panasas Names Faye Pairman as President and CEO

Experienced Growth-Oriented Storage Leader to Build on Company Momentum

FREMONT, Calif. – April 21, 2010Panasas®, Inc., the leading provider of high-performance scale-out NAS solutions, today announced it has named Faye Pairman as president and chief executive officer. This appointment falls on the heels of the company’s recent announcement of 25 percent revenue growth in 2009, doubling of its new customer base during the same period, and wider expansion into technical computing environments across various industries. Additionally, Q1 2010 revenue increased 46 percent when compared with the same period in 2009. Pairman succeeds Randy Strahan who has been the company’s interim chief executive officer.

“Faye has a proven track record of driving strong growth strategies and she will be instrumental in taking Panasas to the next level,” said Jonathan Feiber, managing partner at Mohr, Davidow Ventures and chairman of the board at Panasas. “Her prior successes and leadership experience are a perfect match for Panasas at this point in the company’s evolution, and we’re looking forward to the many valuable contributions Faye will bring to the executive management team.”

Pairman’s career is marked by her growth-oriented leadership that has led to significant successes in prior companies. Pairman served as senior vice president and general manager of the storage business unit of Applied Micro Circuits (AMCC) after AMCC acquired 3ware Inc., where she served as president and chief executive officer. At 3ware Pairman drove the operating plan to take advantage of advances in disk storage technology, dramatically increasing revenues and leading to the acquisition by AMCC. Prior to that, she served as president and chief executive officer of Redline Networks and also spent eight years at Adaptec in various marketing and general management roles. Pairman holds an MBA from Harvard University.

“Panasas has an impressive portfolio of technically superior products, brand-name customers, and exceptionally strong sales in a tough economic environment,” said Pairman. “Panasas’ scale-out NAS solutions fill a critical need for enterprises looking to achieve high performance combined with massive scalability. I look forward to building on the company’s success and technology leadership, and continuing to make our customers’ experience with Panasas exceptional.”

About Panasas

Panasas, Inc., the leader in high-performance scale-out NAS storage solutions, enables enterprise customers to rapidly solve complex computing problems, speed innovation and bring new products to market faster. All Panasas solutions leverage the patented PanFS™ storage operating system to deliver exceptional performance, scalability and manageability. Panasas systems are optimized for demanding storage environments in the energy, government, finance, manufacturing, bioscience and higher education industries. For more information, visit www.panasas.com.

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Panasas, Inc. Media Contact
Angela Griffo
Trainer Communications
panasas@trainercomm.com
(949) 842-7695

Panasas, the Panasas logo, and PanFS are trademarks or registered trademarks of Panasas, Inc. All other trademarks are the property of their respective owners.