FOR IMMEDIATE RELEASE

AUSTIN, TX -- (MARKET WIRE) -- 2nd February 2005 -- Otium Software, the leading provider of affordable Storage Resource Management (SRM) software in the United Kingdom, today announced that Lifeboat Distribution will distribute Otium's suite of SRM tools to Lifeboat's thousands of resellers in the United States, Canada and Latin America.

The agreement extends upon Otium's and Lifeboat's shared objective of providing value to their customers, without compromising quality and performance. Small and Medium Enterprise (SME), as well as the IT departments of larger organizations, are looking to manage their data while keeping costs low. The partnership between Lifeboat Distribution and Otium makes it easy for IT managers to get the SRM tools they need now.

"Our goal is to help our customers compete successfully in today's computing environment," said Dan Jamieson, vice president and general manager of Lifeboat Distribution. "Otium's unique approach to desktop SRM and its Utilistor product are the perfect solution for our clients to experience powerful reporting at a fraction of the price found with existing SRM tools today."

"Lifeboat has a reputation for being the place to go for solving specific problems, and its knowledge of the U.S. reseller market is impressive," said Paul Carroll, director of U.S. Sales at Otium. "As Otium continues to gain traction and expand its presence in the U.S. market, this partnership allows us to extend our distribution network into the U.S. with a professional, value-oriented storage distributor."

Otium Software has always provided smart, affordable SRM solutions in the U.K. and Europe. Otium's inexpensive tools drastically reduce the time and effort in controlling company data and growth. Otium addresses the complaint that implementing total Information Lifecycle Management (ILM) solutions is simply too expensive, complex and time consuming for the vast majority of medium-sized IT departments.

Otium's products are quick to install, easy to use and highly cost effective. With the company's new focus of providing its unique approach to the U.S. market, IT managers and system administrators have a new reason to take a fresh look at SRM.

About Otium Utilistor

The Otium Utilistor product suite differs from a host of SRM and ILM tools currently on the market. Otium's philosophy is to deliver a family of powerful, yet simple, Storage Management tools at a price point that finally makes the purchasing decision a highly compelling proposition, and with. The Utilistor Suite starts at $380 per server, and the DSR-Desktop module is available for as low as $190 for 10 PCs.

About Lifeboat Distribution

Lifeboat Distribution is an international wholesale provider of software development tools, utilities, and other technically related products to computer software resellers. The company provides pre-sale consultative advice, in-depth product information, licensing options, and marketing programs in support of its select group of technical software lines. Lifeboat Distribution services thousands of solution providers, VARs, consultants, corporate resellers, and retailers worldwide.

About Otium Software

Founded in 2003, and with a network of channel partners across Europe and the United States, Otium Software is a United Kingdom-based software manufacturer focusing exclusively on storage and data management solutions for small and medium enterprises. Otium's Utilistor™ product suite provides unrivaled value for functionality in the storage management space. Committed to providing cost-effective and powerful, yet simple to install and use, software solutions, Otium Software is a privately held company and is headquartered in Oxfordshire, England, with U.S. offices in Austin, TX. For more information please visit www.otiumsoftware.com, send an email to info@otiumsoftware.com or call 512-402-1679.


Contact:
Jen Roberts
Rockstar Communications
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jen@rockstarcommunications.com