Paragon Software Group and Lifeboat sign Memorandum of Understanding to launch Japanese Joint Venture - Paragon Software KK

Released on = May 14, 2007, 12:36 am

Press Release Author = Anastasia Knyazhechenko

Industry = Software

Press Release Summary = Buggingen and Tokyo, May 8, 2007 - Paragon Software Group
(PSG), the leading provider of innovative technologies and software solutions in
storage management and data safety and Lifeboat, the leading software publisher in
Japan, today announced that two companies have signed an MOU to form a joint
venture: Paragon Software, based in Tokyo, the new company will publish and
distribute PSG's storage management and data safety products and will provide high
quality support service in Japan.

Press Release Body = Paragon Software plans to start the operation of the new
company in July, 2007.

"At the moment we are eager to serve increasing number of customers requests both
for our imaging technology and for our boxed products. They are interested in our
Flagship products Partition Manager and Drive Backup - one of few really VistaT
Compatible products on the market. Since many of our customers inquire about
technology integration, we have to provide local development-level support for our
customers" , said Konstantin Komarov, CEO of Paragon Software Group.

"Today's Growth of IT environment makes a lot of works to recover important system
of IT department of companies and support companies. New joint company and PSG's
superior backup technology improve this situation, and can provide many advantages
in Japanese market", said Takahiro Yamazaki, CEO of Lifeboat.

The newly formed joint venture will provide storage backup, partitioning, deployment
products based on PSG's innovative technology, and technical support primarily to
corporate customers, technology partners and publishers. The joint venture will
achieve maximum sales through corporate channels by leveraging of Lifeboat's
marketing and sales.

Paragon Software Group - Company Profile
Paragon Software Group (PSG) is a German based company founded in 1994, with office
in USA, Germany, and Russia. PSG's products and services include System Technology
(storage management and data safety), Smart Handled Devices (dictionaries, games,
utilities and handwriting recognition for SHD), Epocware (software for Symbian
platform), Intelware (internet related software development). For additional
information or evaluatin copies of any Paragon products, please contact us at
www.paragon-software.com

Lifeboat Incorporation - Company Profile
Lifeboat is a leading software publisher/distributor in Japan which founded in 2002.
Lifeboat specializes in system software business such as utility (partitioning,
hard disk and data backup, multiple OSes, and hard disk maintenance), seculity
(anti-virus, drive encrypt, and data safety) and so on. For additional information
of Lifeboat products, please contact us at www.lifeboat.jp .



Web Site = http://www.paragon-software.com

Contact Details = Paragon Technologie GmbH
Systemprogrammierung
Heinrich-von-Stephan-Str. 5c
79100 Freiburg/Germany
Tel: +49 (0) 761 59 018 - 102
Fax: +49 (0) 761 59 018 - 130

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