Virtutech Bolsters Senior Executive Team; Seasoned Engineering, Business Development and Marketing Veterans Extend Company's Leadership, Expanding on Recent Growth and Success

SAN JOSE, Calif.--(BUSINESS WIRE)--Sept. 27, 2004--Virtutech, Inc., the world's leading provider of full-system virtualization technology for advanced software development, today announced the addition of three senior executives, further accelerating the company's rapid growth. Bjorn Johansson has joined the company as vice president of engineering; Dr. Paul McLellan, vice president of marketing; and Dale Rossi, vice president of channels & business development.

These key executive appointments extend the company's position as the leader in the rapidly growing market for virtual development environments, which supplant traditional hardware-based approaches to software development.

"I am very pleased to add Bjorn, Paul, and Dale to our executive team," said Peter S. Magnusson, founder and CEO of Virtutech. "Their combined industry expertise and track record in expanding new and existing business on both domestic and international levels make them outstanding additions to the company."

Mr. Johansson brings more than 15 years' experience managing product development within high-growth, high-tech companies. He has managed engineering groups in both established companies -including Ericsson- and start-ups. As vice president of engineering, Mr. Johansson will be responsible for all of Virtutech's product development and modeling.

Paul McLellan adds more than 20 years' experience in high-technology engineering and marketing, in both startups and larger companies. Previous positions have included corporate vice-president of strategic technology at Cadence Design Systems, president of Compass Design Automation and vice president of marketing at VaST Systems Technology. As vice president of marketing, Dr. McLellan will run all product management and marketing.

Dale Rossi has more than 13 years' successful entrepreneurial management experience in high-growth technology companies. His most recent positions were senior director of sales, Bristlecone (SAP), co-founder & COO of Accordia, and founder & CEO of Servelink, as well as holding senior positions with Micromuse and Lucent Technologies. At Virtutech, Mr. Rossi will run all partner, corporate and market communications including channel programs and partnerships. In addition, Mr. Rossi will drive business strategy on key accounts.

"We are seeing tremendous success in providing full-system virtualization to our customers, opening several new Fortune 500 accounts in the networking, mass storage and aerospace industries," added Peter S. Magnusson. "This growth has made it essential to strengthen our management team to lead Virtutech to the next level."

About Virtutech

Virtutech is the world's leading provider of full-system virtualization technology. Virtutech is the only company using advanced virtualization technology to model test laboratories of hundreds of heterogeneous systems, deployable across all engineering tasks. Based on more than a decade of R&D and close collaboration with leading universities and systems companies, Virtutech's core product, Virtutech Simics 2.0, provides the most advanced infrastructure for virtualizing complex digital systems, serving the needs of the largest systems companies in the world. Virtutech is headquartered at 1740 Technology Drive, Suite 460, San Jose, CA 95110. For more information, visit www.virtutech.com or email info@virtutech.com.

Dale Rossi,




Schwartz Communications, Inc.

Lori Riedy,