Press Release

Aliso Viejo, Calif.—February 5, 2008—3Tera, Inc., the leading innovator of grid computing and utility computing, announced today that Barry X Lynn, Chairman and CEO, will be participating in a panel discussion at the 2008 Web Services/SOA on Wall Street Show and Conference (http://www.webservicesonwallstreet.com/), the premier conference for Web Services, SOA, Web 2.0 and Software as a Service (SaaS) sectors. The panel discussion entitled "Delivering Financial Applications as SaaS – Making IT Work!" will take place Monday, February 11 at 2:30 p.m. at the Roosevelt Hotel in New York City, New York. William Adiletta, President, TekFinancial Solutions, will moderate the panel.
Joining Lynn on the panel will be Jim Richmann, Principal Architect, Digital Enterprise Group, Intel, and Raju Vegesna, Evangelist, Zoho.

The panel session will examine how deploying critical business applications ‘in the cloud’ – whether that be inside or outside the corporate firewall is being viewed as a promising architecture by both vendors and users of financial applications. But enterprise-readiness of these SaaS applications requires issues such as security, scalability, data integration and offline/online synchronization to be resolved.

"SaaS is a slam dunk for Wall Street, so long as it can deliver the five nines reliability, scalability and security that is required," said Pete Harris, Conference Chair and President, A-Team Group. "This conference will explore the state of the art of those areas and we are excited to have 3Tera participate."

2008 Web Services/SOA on Wall Street expands to include Web 2.0 for the Wall Street enterprise and SaaS offerings for the financial markets. Underlying technologies including ESBs, Java, .Net, XML and AJAX are also covered. Web Services/SOA on Wall Street was created by the same team that has produced highly successful financial markets events over the past decade. These include Wall Street on Java Technology, XML on Wall Street, Wall Street IT - The Next Generation, Linux on Wall Street, and High Performance Technology on Wall Street.

About Barry X Lynn, Chairman and CEO, 3Tera, Inc.
Mr. Lynn brings to 3Tera hands-on experience in datacenter innovation and deep understanding of enterprise customers and applications. He has over 35 years of experience as an IT and financial services executive in Fortune 100 companies, and as an entrepreneur. Earlier in his career, Mr. Lynn was at Wells Fargo, where he was executive vice president and head of Investment Operations before becoming chief information officer (CIO) of Wells Fargo and Company and president of Wells Fargo Technology Services. While at Wells Fargo he built the world's first Internet online banking system in 1995.
Mr. Lynn was also president of Wells Fargo Securities Clearance Corp. and founder and president of Wells Fargo Securities, Inc. Prior to 3Tera Mr. Lynn founded Be eXceL Management, Inc., a management consulting firm which incubated early stage technology companies. He was also Director and General Partner of Shoreline Venture Management, an early stage venture capital firm. Mr. Lynn served as Chairman and CEO of PRIVACI, a provider of anonymous purchasing and personalized services for consumers on the Internet. Mr. Lynn was Director of Merant PLC, a public software company, prior to its acquisition by Serena. Mr. Lynn is currently on the Boards of Directors of Alacritech, Attune Systems and Layer 7 Technologies.

About 3Tera, Inc.
3Tera, Inc. is an innovator of grid and utility computing, simplifying the deployment and scaling of Web applications. Named one of the "Top 20 Companies to Watch in 2008" by Linux Magazine, 3Tera offers AppLogic grid operating system that enables the first true utility computing services to 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