OREM, Utah - Oct. 28, 2002 - PowerQuest® Corporation, a provider of storage lifecycle automation solutions to businesses worldwide, today announced the acquisition of core assets of Cognet Corp., a developer of software for managing corporate information technology assets. The acquisition provides complementary technologies that combine with PowerQuest’s Virtual Volume Imaging™ or V2i™ Technology to strengthen the company’s leadership in Storage Lifecycle Automation.

“Policy-based management coupled with PowerQuest’s V2i technology enables customers to establish ‘set it and forget it’ storage lifecycle management,” said Paul Winn, president and CEO of PowerQuest. “PowerQuest customers will realize the benefits of a more efficient system deployment, a higher level of data protection and advanced storage management capabilities.”

The acquired technology includes an intuitive policy language and an Active Directory-enabled work-flow manager with an integrated common user interface.

“The resulting product will accelerate our customers’ ability to introduce a new OS with minimal downtime and lower costs while maintaining user data, settings and preferences,” added Winn. “This integration of deployment and protection technologies allows our customers to seamlessly transition from deploying a new operating environment to protecting that environment, leveraging ongoing data protection and automated storage management.”

Storage Lifecycle Automation Management or SLAM applies PowerQuest V2i Technology to an innovative, straightforward solution to the storage management problems of rapid growth and required high availability. The result is a powerful solution for reliable protection and fast system restoration in a simpler framework.

The purchased intellectual property and patents provide a new administrator console using intuitive language policies, giving the ability to inventory, analyze, report, migrate and distribute software. Fundamental elements of the acquired technology will serve as elements of PowerQuestÂ’s SLAM management platform.

PowerQuest support programs will be made available immediately to Cognet customers. Cognet products will be shipped with limited availability until integration is completed.

Financial terms of the acquisition were not publicly disclosed.

About PowerQuest

PowerQuest Corporation provides storage lifecycle automation solutions worldwide to build, protect and manage corporate and personal computing environments. PowerQuest products are available through a network of partners and distributors in more than 34 countries worldwide.

PowerQuest, V2i, Storage Lifecycle Automation Management, PowerQuest DeployCenter, PowerQuest PowerDeploy Suite, Cognet Observer, Cognet Manager, and Cognet FastTrack Migration are trademarks or registered trademarks of PowerQuest Corporation in the United States and/or other countries. Third party product and company names herein are trademarks of their respective owners.