Tarantella, Inc. Partners with Silicon Valley Bank Secures $1.5 Million Line of Credit SANTA CRUZ, Calif., Oct. 27 /PRNewswire-FirstCall/ -- Tarantella, Inc. a leading supplier of secure application access software, today announced that Silicon Valley Bank, a subsidiary of Silicon Valley Bancshares , will provide the Company with a broad line of banking services, including a $1.5 million secured line of credit to be used for working capital purposes. This follows Tarantella's recent announcement that it completed a private placement of equity financing that provides over $2 million in immediate new capital. (Logo: http://www.newscom.com/cgi-bin/prnh/20010504/TTLALOGO ) "Silicon Valley Bank clearly understands the needs of technology companies and we are very pleased to have them as a financial partner," stated Doug Michels, CEO of Tarantella. "Silicon Valley Bank provides us with a diversified set of customized financial services and the proven financial experience that we need to best serve our vendors, customers, and partners." "We take pride in working with technology leaders, such as Tarantella, that are constantly innovating to improve business. Seamless and secure interoperability and fast remote access to applications are critical business necessities that require the kind of excellence Tarantella products deliver," said Chris Stedman, Senior Vice President, South Bay Region, Silicon Valley Bank. "We are extremely pleased to be able to help Tarantella continue to maintain and expand its unique business in the growing application access market." For Tarantella Investors: This press release contains forward-looking statements. These forward- looking statements may be identified by use of terms such as anticipates, believes, continue, could, estimates, expects, intends, may, plans, potential, predicts, should or will, or the negative of those terms or similar expressions. These forward-looking statements are subject to significant risks and uncertainties. Actual results may differ materially from those described in such statements as a result of these risks and uncertainties. In particular, the forward-looking statements include statements about the Company's use of the proceeds of the line of credit, and the development and maintenance of the Company's business. Investors are cautioned that all forward-looking statements involve risks and uncertainty, including without limitation, the ability to manage the line of credit proceeds, grow the business and gain new customers, and other risks detailed from time to time in Tarantella's SEC filings, including forms 10-Q and 10-K. Tarantella disclaims any intention or obligation to publicly update or revise any forward-looking statements, whether as a result of events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. About Silicon Valley Bank Silicon Valley Bank provides diversified financial services to emerging growth and mature companies in the technology and life sciences markets, as well as the premium wine industry. Through its focus on specialized markets and extensive knowledge of the people and business issues driving them, Silicon Valley Bank provides a level of service and partnership that measurably impacts its clients' success. Founded in 1983 and headquartered in Santa Clara, Calif., the company serves more than 9,500 clients across the country through 27 regional offices. More information on the company can be found at: http://www.svb.com/. About Tarantella, Inc. Tarantella, Inc. is a leading provider of purpose-built application access and deployment software to nearly 12,000 customer sites worldwide. Tarantella enables organizations to access and manage information, data and applications across all platforms, networks and devices. Tarantella bridges the gap between vendors, ensuring that customers have complete access to business-critical information. Using Tarantella's software, customers realize the benefits of secure corporate data, maximizing return on existing IT assets and improved productivity. The company markets its products through key industry partnerships and a worldwide network of consultants and resellers. Tarantella is headquartered in Santa Cruz, Calif. For more information, please visit the Tarantella web site at http://www.tarantella.com/. NOTE: Tarantella, Tarantella Enterprise 3, Canaveral iQ, New Moon Systems and the Tarantella logo are trademarks or registered trademarks of Tarantella, Inc., in the USA and other countries. All other brand and product names are or may be trademarks of, and are used to identify products or services of their respective owners. http://www.newscom.com/cgi-bin/prnh/20010504/TTLALOGO http://photoarchive.ap.org/ DATASOURCE: Tarantella, Inc. CONTACT: Lynn Schroeder, Investor Relations of Tarantella, +1-831-427-7399, or ; or Carrie Merritt of Silicon Valley Bank, +1-408-654-7193, or Web site: http://www.svb.com/ Web site: http://www.tarantella.com/

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