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Lumeta Strengthens Executive Leadership Team with the Promotion of David Arbeitel to Chief Technology Officer spacer

Solid Q106 Results Fuel Strategic Development, Continue Track Record of Year-over-Year Growth

Somerset, NJ- April 26, 2006 - Lumeta, the leading provider of network intelligence solutions for enterprises and government agencies, today announced that David Arbeitel has been promoted to Chief Technology Officer (CTO) & Senior Vice President, Product Strategy from his previous role of SVP, Strategic Development. The promotion comes at a time when Lumeta is making significant strides to expand its overall technology focus on a broader scale of initiatives that help drive critical business value such as compliance, IT optimization, and security risk management across the enterprise.

“Dave Arbeitel has brought a wealth of experience and a proven track record of success to Lumeta,” said David Hickey, President and CEO of Lumeta. “His technology leadership and business acumen have been instrumental in evolving Lumeta into a leading network intelligence company. With Dave operating as CTO, we are well-positioned to further drive technology innovation, meet evolving customer demand and expand market leadership.”

In his new role Arbeitel, who joined Lumeta in 2002, will be responsible for defining the next generation of Lumeta’s product suite and managing the strategic implementation of the company’s long-term technology strategy. In this capacity, he will continue to oversee product management and research & development resources to deliver on this strategic vision. Prior to joining Lumeta, Arbeitel served as Chief Technology Officer at ION Networks, a provider of secure network solutions for voice and data services. He also held similar positions at Visual Networks and was a co-founder and CTO at Avesta Technologies. Additionally, Arbeitel has held senior management and engineering positions with Morgan Stanley, Shearson Lehman Brothers, Amerada Hess and RCA-American Communications.

Dave Arbeitel commented, “I am honored to be Lumeta’s new CTO & SVP, Product Strategy”. “Working at Lumeta over the past four years has given me the distinct opportunity to contribute to a innovative company’s consistent growth and success. I am excited about Lumeta’s future and dedicated to bringing increased depth and breadth to the product portfolio, and ultimately broadening the company’s strategic market footprint.”

The promotion of David Arbeitel comes at a time when Lumeta is experiencing strong corporate momentum and consistent revenue growth. The company is seeing unprecedented demand for its network intelligence solutions fueled by customers with regulatory compliance pressures and the consistent need to optimize and secure network operations.

A summary of key highlights for Lumeta in Q106 include:

  • 53% sales growth from the same quarter last year, which represented 33% in revenue for the same period
  • Increased customer base by nearly 30% over Q105
  • New customers included a global engineering corporation and key US Intelligence agency, as well as existing customers renewing and significantly expanding their commitment to Lumeta products with enterprise licenses.
  • Personnel grew by nearly 50%, underscoring the company’s commitment to expand sales, marketing and development resources

In response to a heightened demand for professional services and substantial increase in employee headcount, the company has also appointed a new Vice President, Operations, Michael Markulec. Markulec brings a strong background in network design, business development and operational management to the role. A nearly 6-year veteran at Lumeta with extensive experience driving successful customer implementations, Markulec will align all customer-facing service, support and production resources under the newly created unified operations role.

About Lumeta Corporation
Lumeta provides large enterprises and government agencies with the global visibility needed to quantify network risk and measure the impact of network change. Our network assurance solutions enable IT organizations to deploy new business services, maintain existing service levels and minimize network security risk to ensure compliant operations.

Lumeta's flagship product, IPsonar, is the industry's only solution that allows organizations to measure risk from a global network perspective. IPsonar maps every asset on a network--including assets not currently under management--visualizes the connectivity between assets and networks to uncover risk patterns and policy weaknesses, and enables network and security teams to bring unknown assets under management while deploying security technology more effectively to mitigate risk.

Note: Lumeta, the Lumeta logo, IPsonar and the IPsonar logo are trademarks and service marks of the Lumeta Corporation. Other product and company names appearing in this document may be trademarks of their respective owners.

Media Contacts:  
Jim McManus
Davies Murphy Group
781-418-2402
lumeta@daviesmurphy.com
 
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