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MANAGETONE™ FOR NETWORK APPLIANCE AND MICROSOFT EXCHANGE ENVIRONMENTS

BETHESDA, Maryland --- October 30, 2003. OverTone Software, Inc., a leading provider of Enterprise Storage Management Software significantly broadened their portfolio of offerings today with the announcement of Managetone™ 2003 for Network Appliance and Managetone for MS Exchange™ 2003. These two new offerings compliment the successful announcement of their foundation product released first quarter 2003, Managetone™ 2003 Enterprise Edition, which was met by enthusiastic customer demand and received numerous accolades in both the Federal and Commercial marketplace.

These new software components further extend the Overtone storage management software portfolio for application data in mission- and business-critical environments for archive and reference purposes, and for enterprise-wide or workgroup and departmental requirements. Overtone is focused on solving enterprise customer storage challenges including regulatory and compliance data needs, storage consolidation, Internet access and security, technical applications, and data protection. Today's announcements highlight these areas and provide customers with new options to meet their diverse storage infrastructure and management requirements. Additionally, Overtone released for the market their Product Development plans and schedule for the next five quarters through year-end 2003.

With these announcements, Overtone has demonstrated a commitment to their customers and the market with respect to delivering cost-effective and reliable software solutions for the Data Center in a time when budgets are stretched thin and storage requirements are exploding. The combination of product and expertise that Overtone Software delivers to their customers has resulted in unanimously positive client satisfaction.

A number of converging trends brought Overtone Software to the forefront of storage software solutions and the top of the list for many data center managers when the search for an innovative solution to the meet the changing needs of the data center became a key issue over the past few years:

Exponential growth in storage requirements due to data warehousing and mining, email proliferation, and enterprise-wide resource and financial software implementations,

Business continuity, Disaster Recovery and overall Performance demands of the increasingly demanding end-user community,

Adoption of ATA disk for enterprise mass storage requirements,

Total Cost of Ownership and the increasing pressure on budgets

Overtone's Software Solutions The first platform-native Fast HSM for Filers, Nearline and Servers;

Managetone 2003 Enterprise Edition - file migration and HSM functions on file servers

Managetone for MS Exchange 2003 for Microsoft's Exchange Servers - HSM on MS Exchange with Nearstore as secondary storage

About Overtone Software:

Overtone Software, headquartered in Bethesda, Maryland, is a premier Enterprise Storage Software company, established in 2001, and with an evolving product set designed by a data center management experienced development team for Data Center Management. Representative installed clients include:

Department of Army Military Traffic Management Command - multiple sites
Federal Trade Commission
Department of Justice
Department of State
Network Appliance - Federal

For more information or to schedule a demonstration of Overtone's products, please contact:

George Sullivan at 240-833-1042 Or info@overtonesoftware.com

For information on this press release, please contact Tim W Atkinson, SolveNet, Inc. at 301-325-7174 Contact: Arlyn Stokes
Overtone Software
(301) 280-5902
astokes@otsw.com

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