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Main News Desk

Memeo® Expands Partnership with Buffalo Technology; Reports Growth in All Key Areas

Major distribution deal, significant revenue growth and new hires add to impressive 2008 results

Aliso Viejo, CA - August 25, 2008

Memeo Inc., a leader in digital media management services for the home and business, today announced it has experienced significant growth to-date in 2008, including a new distribution deal with Buffalo Technology, the appointment of Dan Nadir as VP of product management as well as a 500% increase in revenues compared with the same time period last year.

The company aims to simplify the digital life by providing sharing, backup and sync software for consumers and businesses. Memeo today expands its current relationship with Buffalo in Europe and Asia Pacific with an agreement to bundle Memeo AutoSync software, which synchronizes documents between multiple computers, USB keychain drives and portable hard disks, on Buffalo hard drives sold in these areas. Memeo also entered the Japanese market earlier this year through a partnership with Buffalo Inc, Japan.

In addition, Dan Nadir has joined the company as VP of product management. In this role, Nadir will be responsible for defining Memeo’s product roadmap. Prior to Memeo, Nadir served as the VP of product strategy for ScanSafe. While there, he opened the US office and helped build the SaaS (software as a service) Web security vendor into a global leader. Nadir also served as VP of product management for SaaS email security vendor FrontBridge Technologies, acquired by Microsoft in 2005.

Memeo has also more than quadrupled its number of employees in 2008. Earlier this year, the company received a Series B round of funding led by the Foundry Group. In combination with investments from G-51 Capital, Memeo has received more than $9 million in equity funding to-date.

For further information on Memeo and its sharing, backup and sync services, please visit www.memeo.com.

Executive quote

“I was attracted to Memeo as an emerging company with unbelievable momentum and an appetite for rapid product innovation,” said Nadir. “The company’s thought leadership, OEM strategy and energy has set it up for explosive growth, especially as pictures, videos, documents and email continue to overload the home and work place. I’m looking forward to helping consumers and businesses share, protect and manage their digital media by working with Memeo to deliver first-class products that meet this need.”

Customer quote

“We’re thrilled to report such great growth of the company, with the highest earnings in our history,” said Hong Bui, CEO and co-founder of Memeo. “We remain focused to create the best products to simplify the digital life. With our strong relationship with Buffalo, continual expansion of our team and the upcoming consumer launch of Memeo Share, we expect to continue the same impressive results for the remainder of
the year.”

About the company

About Memeo
Memeo Inc., based in Aliso Viejo, CA, is a privately-held software company backed by venture firm G51 Capital and Foundry Group. The company is focused on helping consumers and businesses manage and protect their digital life. Founded in 2003 in an effort to capitalize on the rapid move towards a digital world, the company developed its flagship software, Memeo AutoBackup, to give consumers and businesses alike a better way of protecting, managing and sharing digital, portable files and make them universally accessible. For more information on Memeo and its products, please visit www.memeo.com.

Memeo Inc. trademark statements. Memeo, AutoBackup, LifeAgent and Zero-Touch are trademarks of Memeo. All other trademarks mentioned herein are the property of their respective owners.

Contact details

Amy White / Allison Mac
LEWIS PR for Memeo
310-407-5186
memeo@lewispr.com

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Memeo® Expands Partnership with Buffalo Technology; Reports Growth in All Key Areas

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