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GigaSpaces Taps Two Industry Veterans to Join Growing Management Team

Company Expands Leadership Team to Meet Continued Global Growth and Momentum

NEW YORK, NY – February 5, 2008 – GigaSpaces Technologies (www.gigaspaces.com) today announced the appointment of two executives to the Company’s growing management team. Edu Meytal joins as general manager of international operations, and Hari Srihari as executive vice president of global customer services. With strong technology and leadership experience in the software and middleware industries, these seasoned professionals will play significant roles in GigaSpaces’ effort to expand its executive team and tap into new geographies, as well as ensure the continued success of its rapidly growing customer base.

Edu Meytal comes to GigaSpaces from VocalTech (NASDAQ: VOCL), where he served as global vice president of sales after its acquisition by Tdsoft. Meytal brings to the Company an extensive and diverse technology background and a wealth of experience in worldwide sales. Prior to joining Tdsoft, Meytal spent more than six years at Comverse as the director of sales and business development, as well as various other positions in project and sales management.

With 25 years of experience in various technology and customer facing positions, Hari Srihari is exceptionally qualified to handle GigaSpaces’ rapidly expanding post-sales customer service activities. Srihari previously held senior executive positions at prominent technology companies such as Digital Harbor, BEA, Delphi Systems and SeeBeyond, where he was part of the core executive team instrumental in leading the company to $200 million in annual sales and a successful IPO. At SeeBeyond, Srihari held the position of vice president of customer service, CTO and vice president of engineering for more than 6 years.

“Adding two executives of such high caliber to our talented team will help us take on 2008 with the same fervor that we did the last four years,” said Yaron Benvenisti, chief executive officer of GigaSpaces. “Both Edu and Hari have proven track records of success and impressive technology backgrounds. We are pleased to have them as crucial members of the GigaSpaces team and feel confident that their leadership and experience will continue to solidify GigaSpaces position as a true leader in the infrastructure software market.”

About GigaSpaces
GigaSpaces Technologies is a leading provider of a scale-out application server for Java, .Net and C++ environments. The GigaSpaces middleware is a single product that handles data, business logic and messaging — and utilizes industry-standard APIs and an open source stack to provide a complete application infrastructure solution. With GigaSpaces, applications can be easily built for scalability, reliability and high-performance in distributed environments, such as SOA, clusters, grids and cloud computing.

GigaSpaces’ customers include leading organizations in financial services, telecommunications, manufacturing and the Internet, where the need for mission-critical high-performance, reliability and scalability necessitates an alternative to traditional approaches. GigaSpaces was founded in 2000 and has offices worldwide.

For more information, please visit http://www.gigaspaces.com, or visit the company’s blog at http://www.gigaspacesblog.com.

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For additional information, contact:

Rachel Miller
SHIFT Communications
Tel: (+1) 617-779-1856
Email: gigaspaces@shiftcomm.com

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Corey Manley
GigaSpaces Technologies, Inc.
Tel: (+1) 415-449-1557
Email: corey@gigaspaces.com
GigaSpaces is a trademark of GigaSpaces Technologies, Inc.