GridGain Systems and Shift Labs form a strategic partnership

Pleasanton, CA: February 13, 2006

GridGain Systems and Shift Labs formed a strategic partnership to provide their customers with increasingly better value and services in offshore software development leveraging their respective areas of expertise.

GridGain Systems and Shift Labs operate offshore development centers in Russia and Ukraine and both have additional internal product development organizations. Similar structures, business operations and cultural backgrounds enable both companies to join forces with no organizational overhead providing clear and unambiguous value to their customers.

“This is very natural alliance as we are very synergetic in a way we operate our businesses and in the same time are very complimentary on the technology side”, said Nikita Ivanov, President of GridGain Systems. “We are both young companies and it just makes sense to partner on those projects where we have complimentary expertise”, said Miron Balyasny, CEO of Shift Labs.

About GridGain Systems:

GridGain Systems was founded in 2005 and headquartered in Pleasanton, CA. GridGain Systems provides consulting, software development and training services for financial industry businesses as well as hosts and leads the development of innovative open source grid computing platform. GridGain System operates R&D office in Saint Petersburg - a scientific capital of Russia with one of the world’s finest universities and research centers. For more information please visit www.gridgain.com

About Shift Labs:

Shift Labs is an offshore software development firm headquartered in the United States with R&D centers in Ukraine that employ highly experienced and industry recognized experts. Shift Labs offers a proven outsourcing model that is focused on transparent processes, providing diverse specialist skills and the ability to translate those factors into high quality deliverables. Unlike other outsourcing vendors who focus on development of non-core applications, Shift Labs has the resources and expertise to solve complex technology problems and create differentiating intellectual property (IP) for clients. For more information please visit www.shiftlabs.com

CONTACT:
Shift Labs: info@shiftlabs.com
GridGain Systems: bizdev@gridgain.com