ShareVault

Industry Leading Virtual Data Room Helps Leading Cleantech Companies Share Due Diligence Documents for Business Development and Fundraising Efforts

Los Gatos, CA, October 13, 2009 — The cleantech sector is experiencing explosive growth thanks to an increase in consumer awareness initiatives and federal stimulus monies for renewable energy and conservation projects designed to reverse the effects of global warming. A number of cleantech companies have selected ShareVault™ from Pandesa, a leading provider of next generation virtual data rooms, to securely share sensitive documents associated with key business processes that will enable them to grow and maintain a competitive edge in this globally conscious, fast paced market.

Calera, Stirling Energy Systems, Inc. (SES), Soltage, Northwinds Biodielsel, Nubian and SkyFuel, Inc. are a handful of companies using ShareVault™ to support the due diligence process associated with business development and fundraising activities. Its rapidly growing customer base among cleantech and alternative energy companies is proof that ShareVault™ is taking virtual data room capabilities to the next level.

“The value of a company’s intellectual property is vital to its success. It’s the foundation from which the business grows,” said Brent Constanz, Founder and CEO of Calera, a company dedicated to reversing global warming by capturing and storing greenhouse gases in building materials, such as cement. “We wouldn’t feel comfortable sharing confidential information with customers and strategic partners, but ShareVault™ eases that concern by providing the ability to share sensitive information in a completely secure manner. It gives us peace of mind knowing that we can easily and securely share and monitor important information necessary to pursue new business opportunities.”

Pandesa ShareVault™ includes the following features:

• High, speed encrypted connection;

• PDF streaming, which enables large documents to open instantly;

• “Drag and Drop” file indexing, PDF conversion and upload capabilities;

• Customizable access control and policy-based security features;

• Detailed activity tracking and reporting;

• Full-text search;

• Worldwide access;

• Visual content browsing;

• In-place editing of tags and permissions; and

• 24/7 customer support.

ShareVault™ has gained popularity among alternative energy companies as the trusted platform that allows them to successfully share critical information most commonly used in business development, partner development, and fundraising activities. While Calera has found ShareVault™ makes their business development activities more secure, Soltage has found fundraising efforts to be more efficient.

“Project financing is an important aspect of our growth strategy.,” said Vanessa Stewart, co-founder and COO of Soltage, LLC, a full service renewable energy company that develops, finances, owns and operates solar energy generating power stations on client structures across the U.S. “Project financing requires a platform that can be used by both companies and investors; one that is safe, secure and easy to use. ShareVault gives us such capabilities.”

ShareVault™ is being used to support the growth of many types of companies in the cleantech space. “Our rapid adoption in this critical sector is a testament of Pandesa’s ability to tailor solutions for a variety of industries — from financial services to alternative energy,” said John Badger, Vice President of Marketing and Product Management, Pandesa.

###

About Pandesa:

Pandesa Corporation develops and markets ShareVault™, the next generation virtual data room for secure online sharing of sensitive documents during due diligence and other critical business processes. The company was founded in 2003 to help professionals securely share unstructured information in order to facilitate business transactions. Pandesa provides an on demand platform that enables its customers to manage critical time-sensitive and document-centric processes, such as due diligence, where documents must be organized and made available to multiple parties efficiently and securely. Pandesa is based in Los Gatos, California, with development offices in Bangalore, India. For more information, visit: www.pandesa.com.

Limerick BioPharma and Cortex Pharmaceuticals Use Industry Leading Virtual Data Room To Share Due Diligence Documents

Los Gatos, CA, September 16, 2009 — Pandesa, a leading provider of next generation virtual data rooms, has been adopted by a number of pharmaceutical, biopharmaceutical and biotech research and development companies worldwide, to securely share sensitive documents during the due diligence process associated with partnering, licensing, fundraising, mergers and acquisitions, and other business processes.

Pandesa has leveraged its expertise enabling due diligence for top institutions in the financial services industry to develop solutions for a range of markets and business transaction scenarios, including biopharmaceutical partnering. AcelRx Pharmaceuticals, Cortex Pharmaceuticals, DURECT Corporation, Jazz Pharmaceuticals, Limerick BioPharma, XenoPort and dozens of other firms in the industry have selected ShareVault™ for a variety of due diligence applications.
Today’s pharmaceutical market is increasingly competitive. To maintain a competitive edge, companies must be able to move quickly to identify, evaluate, and negotiate deals. In order to do so, extensive information is required, including highly sensitive information from clinical trials and research. ShareVault™ provides customers unparalleled features to enable a competitive edge, with an easy to use platform that is fast, secure and reliable.

“A pharmaceutical company’s greatest asset is its data. It serves as the foundation for all of our partnering and fund raising efforts. Real-time access to key data from clinical trials and other research greatly facilitates the due diligence process,” said Nigel Ray, Vice President of Business Development, Limerick BioPharma, a company that develops compounds to significantly improve drug side effect profiles and clinical outcomes. “ShareVault gives us the ability to move fast and share information, without fearing security risks. With this capability, we’re able to conduct deals faster while casting a broader net to get more potential partners.”

Pandesa ShareVault™ for biopharmaceutical partnering includes the following features:

• High, speed encrypted connection;
• PDF streaming, which enables large documents to open instantly;
• “Drag and Drop” file indexing, PDF conversion and upload capabilities;
• Customizable access control and policy-based security features;
• Detailed activity tracking and reporting;
• Full-text search;
• Visual content browsing;
• In-place editing of tags and permissions; and
• 24/7 customer support.

ShareVault™ additionally enables multiple companies in different geographic locations to conduct due diligence, reducing the need to coordinate in-person meetings during the each stage of partnering discussions.

“ShareVault’s focus on speed helps us accelerate the due diligence process,” said Mark Varney, CEO, Cortex Pharmaceuticals, a neuroscience company focused on developing novel AMPAKINE® drug therapies for neurological and psychiatric disorders. “Some of our clinical trial results documents contain thousands of pages, yet our users can open them instantly from ShareVault.”

Pandesa ShareVault™ has helped hundreds of companies share mission-critical information in a secure and reliable on-demand environment. Its rapidly growing customer base among biopharmaceutical companies is proof that ShareVault™ is taking virtual data room capabilities to the next level.

“It’s gratifying to see ShareVault™ being used so effectively in so many diverse applications. Our customers are realizing that a virtual data room of this caliber saves time and money and ends up making better deals and partnerships,” said John Badger, Vice President of Marketing and Product Management, Pandesa.

###

About Pandesa:
Pandesa Corporation develops and markets ShareVault™, the next generation virtual data room for secure online sharing of sensitive documents during due diligence and other critical business processes. The company was founded in 2003 to help professionals securely share unstructured information in order to facilitate business transactions. Pandesa provides an on demand platform that enables its customers to manage critical time-sensitive and document-centric processes, such as due diligence, where documents must be organized and made available to multiple parties efficiently and securely. Pandesa is based in Los Gatos, California, with development offices in Bangalore, India. For more information, visit: www.pandesa.com.

San Jose, CA, June 1, 2009 – Pandesa Corporation has hired Clay Lambert as Director of Operations. In this role, Clay will be responsible for managing and providing daily support to the company’s customer support team, as well as managing the IT infrastructure for the company.  Prior to Pandesa, Clay has built his career by helping businesses achieve maximum operational effectiveness in both start-up and corporate environments. His deep experience leading operations teams for a variety of companies, including CDNetworks, Akamai-Netli, and Exodus Communications, has uniquely prepared him for his new role at Pandesa.

San Jose, CA, April 17, 2009 – Kevin Scott has joined Pandesa as business development advisor and will focus on indentifying new business opportunities in the venture capital and private equity markets. Kevin is a Managing Partner with Maywood Capital Partners, with deep experience in emerging software technologies. He has a proven track record investing and fostering the growth of enterprise, infrastructure, open source, and consumer internet applications. Prior to Maywood, Kevin was a partner at 3i and a technology M&A partner at PricewaterhouseCoopers. Kevin received his MBA from Northwestern’s Kellogg Graduate School of Management and holds a BA in Political Economics from the University of California, Berkeley.

San Jose, CA, February 23, 2009 – Pandesa is pleased to announce the arrival of David Mosley as Account Manager, Sales. David brings 15 years experience in the financial services industry, including experience in sales, marketing and business development. In this role David will be responsible for managing activities among Pandesa’s financial services customers, including the nurturing of existing relationships and recruiting new customers. He will also be responsible for the development and growth of Pandesa’s sales team focused on financial services customers.  Prior to Pandesa, David was with Menlo Park-based Needham & Co LLC for more than eight years, in senior and director roles, including Vice President of Sales and Associate, respectively. He has also worked with San Francisco-based Gruntal & Co, LLC and Montgomery Securities.  David has a Bachelor of Arts in German and International Studies from Rhodes College in Memphis, Tennessee.