Mitsui & Co. Global Investment (MGI) - Venture Capital, Start-Up

NEWS 2006

[06/19/2006]

SenSage Names Joan Varrone Chief Financial Officer

Accomplished Finance Veteran to Support Expansion of SenSage's Business

San Francisco, Calif. - July 19, 2006 - SenSage, Inc., the leading provider of scalable log management solutions, today announced that Joan Varrone has joined SenSage as Chief Financial Officer (CFO). Varrone most recently served as CFO at Optiva, Inc., a South San Francisco-based nanotechnology developer where she streamlined financial controls, managed a $20 million funding round and led the successful sale of the company in 2005.

"I'm pleased to welcome Joan to the SenSage executive team," said Jim Pflaging, president and CEO of SenSage. "Joan brings SenSage a wealth of experience and a track record of significant financial management accomplishment, ranging from large venture financings to successful IPO filings."

SenSage has seen significant demand for its scalable log management and security analytics software. The growth has been greatest in compliance-relevant industries such as health care, financial services, retail and telecommunications. Monitoring, recording and responding to security threats, internal violations and anomalous activity utilizing event logs is a de facto best practice. Many organizations must adhere with various government and industry-specific regulations that mandate even broader coverage, in-depth analysis and longer-term data retention to support compliance due process, internal auditing and forensic investigations.

"SenSage's technical achievement, its growing and established installed base, and cost of ownership value proposition were very compelling factors in my decision to join," said Joan Varrone, CFO of SenSage. "I am excited to contribute to SenSage's success during this expansive adoption of compliance solutions."

Varrone also had prior CFO experience at Personic and Food.com and lead a successful IPO at Catapult Communications. As well, Varrone has held senior finance positions at Watkins-Johnson, Raychem and Exxon Enterprises.

Varrone received her BA in Mathematics from the College of New Rochelle, an MS in operations research from Purdue University, and an MBA in finance and international business from New York University. Varrone is a resident of San Francisco, Calif.

About SenSage

SenSage, Inc., www.sensage.com, offers the only patented event data warehousing solution for log management and compliance auditing applications. Over 200 customers have deployed SenSage solutions to reduce the risks associated with insider threats, system downtime and failed audits by providing faster, more granular analysis of privileged user behavior and analyzing anomalies across network, system and application activity. Based in San Francisco, the company markets its solutions directly and through partners, including Cerner, EMC, HP, IBM, Intec Billing Systems, Lockheed Martin, Network Appliance, Sendmail, Symantec and Tokyo Electron.

For more information, please visit www.sensage.com.

http://www.sensage.com

Media Contacts

Samantha Singh
The Hoffman Agency for SenSage, Inc.
(408) 975-3087
ssingh@hoffman.com
Ed Chopskie, VP of corporate marketing
SenSage, Inc.
Tel: +1.415.808.5903
ed.chopskie@sensage.com