Palamida Appoints Mark Tolliver CEO

Palamida today announced the appointment of Mark Tolliver, 53, as chief executive officer and president. Tolliver, most recently chief marketing and strategy officer, Sun Microsystems, (NASDAQ: SUNW), brings more than 30 years of experience in the technology sector to his role as the company's first CEO. Palamida is a pioneer in the new market for automated software intellectual property (IP) management and compliance.

"Palamida is a unique opportunity and I'm very excited to be joining the team," said Tolliver. "We're in an object-oriented, outsourced and open-sourced world, and organizations are anxious to take steps to ensure that the software they build and sell is created within a responsible policy framework for use and protection of intellectual property. Palamida has a terrific team, experienced investors and a strong base of technology with which to deliver world-class products and services to meet this need."

"Attracting a world-class CEO to any start-up is proof-positive of the quality of the technology and market opportunity," said Mitchell Kertzman, partner, Hummer Winblad Venture Partners and Palamida board member. "Automated software intellectual property management and compliance is one of the truly new application spaces to emerge in the past five years. Palamida, under Mark's leadership, couldn't be positioned better in this space."

At Sun Microsystems Tolliver was executive vice president, marketing and strategy, and chief strategy officer. In that role he was responsible for corporate marketing, product and business strategy, mergers and acquisitions, industry marketing and independent software vendor (ISV) programs. Tolliver was with Sun for ten years, previously serving as president and general manager of iPlanet, a division of Sun focused on Internet infrastructure software.

Prior to iPlanet, Tolliver served as president of Sun's consumer and embedded division. Under his direction, the organization delivered software and core Java technologies used to create network-connectable applications for consumer and embedded devices such as automobiles, set-top boxes, telephones and smart cards. Before joining Sun, Tolliver was vice president of marketing at MasPar Computer Corp. and spent 16 years at Hewlett-Packard Company.

"Software IP is a major enterprise asset," added Tolliver. "Palamida's leadership in developing solutions for IP integrity management goes beyond just policy management. It's also about establishing a competitive advantage by integrating the use of in-house development, third party components and open source software and fully participating with the communities and companies that contribute to each."

About Palamida, Inc.

San Francisco-based Palamida is breaking new ground in software compliance and license management, accelerating developers' ability to innovate based on open source and reusable software components. With the industry's fastest search and reporting against the world's largest database of open source and third-party software code, Palamida's innovative search technology can reduce software compliance efforts from weeks to hours. Founded in 2003, Palamida is led by industry veterans and backed by leading venture capital firms. Investors include Hummer Winblad Venture Partners, WaldenVC and Stanford University. Read Palamida's blog at palamida.blogs.com or for more information visit www.palamida.com.