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Cast Iron Systems, Inventor of the iA3000™ Integration Appliance, Announces Additional $12 million in Financing

INVESCO Private Capital Leads Team of Investors Funding Cast Iron Systems' Expansion

Mountain View, CA, January 27, 2004 — Cast Iron Systems, the pioneer of application integration appliances, announced today it has received an additional $12 million in financing led by INVESCO Private Capital, one of the oldest and most active private equity investors. In addition, Alessandro Piol, a General Partner at INVESCO, has joined the Cast Iron Systems board of directors. Cast Iron Systems' previous investors also participated in the round, including Norwest Venture Partners and Sequoia Capital. To date, Cast Iron has secured $20.3 million in venture capital. The new capital will be used to extend sales and marketing efforts into new markets.

"What we found most interesting and promising about Cast Iron Systems is the company's ability to attract top customers at an early stage, their experienced and savvy management team and its ability to pave the way in the application integration space. We believe their revolutionary product will change the way their customers integrate software," said Alessandro Piol, general partner of INVESCO Private Capital.

"Business-critical data integration is a huge challenge for companies today. Cast Iron Systems' integration solutions are filling a significant market need by radically reducing the cost and complexity of integration projects. With this latest infusion of funds, the company is properly capitalized to execute on an aggressive go to market strategy and pursue future product development," said Promod Haque, managing partner of Norwest Venture Partners.

Cast Iron Systems' executive team is led by President and Chief Executive Officer, Fred Meyer. Mr. Meyer brings more than 17 years of leadership and industry experience to the Cast Iron team. Prior to joining Cast Iron, Mr. Meyer served as TIBCO's Chief Marketing Officer for a number of years before becoming chief strategy officer, where he defined TIBCO's long-term vision.

"We have experienced remarkable enthusiasm for our application router in the marketplace. Our first ten customers have proven the technology works, and the benefits are real.

This additional funding will allow us to expand our sales and marketing organization to capitalize on this untapped segment of the integration market,' said Fred Meyer, President and CEO of Cast Iron Systems.

Cast Iron Systems' board of directors is comprised of top industry veterans and visionaries. Alessandro Piol, General Partner, INVESCO Private Capital joins Promod Haque, (Norwest Venture Partners) Mark Kvamme (Sequoia Capital Partner), Fred Meyer (President and CEO), Nikhyl Singhal (EVP of products and founder), and George Scott (CTO and founder).

About the Cast Iron Integration Appliance™

The Cast Iron iA3000 integrates business systems in days. It is a purpose built, enterprise-class solution that is easy to use, fast to deploy and simple to manage. The iA3000 is the fastest, simplest and least expensive way to solve application integration problems, enabling customers to complete application integration projects in days rather than months and reduce their total cost of ownership by as much as 82%.

About Cast Iron Systems

Cast Iron Systems is the inventor of a purpose-built integration appliance called the Cast Iron iA3000, and is working with a premier group of customers and investors to build a revolutionary solution to application integration. Cast Iron's unique products enable enterprises to drastically reduce their integration costs by offering a simple yet scalable device. Based in Mountain View, California, Cast Iron was founded in 2001 and consists of a world-class team committed to solving the costly and complex IT application integration challenges facing today's Fortune 500 organizations.