Transitive® Wins European Information and Communication Technologies Grand Prize and €200,000

QuickTransit® Technology Recognized for its Superior Innovation and Promising Market Potential

CeBIT –  Hannover, Germany  – March 16, 2007 – Transitive® Limited, the leading provider of software that enables transportability of software applications across multiple hardware platforms, announced today that it has won the European Information and Communication Technologies (ICT) Grand Prize, the most distinguished award for innovative products and services that represent the best of European innovation in information and communication technologies.  Transitive was selected as one of three Grand Prize Winners, out of 450 applications from 30 countries, for its QuickTransit® technology that aims to allow any software application to work on any hardware platform.

“We are honoured to receive this award and recognition at a time when so many innovative and important technologies are defining and reshaping the ‘digital’ world,” said Alasdair Rawsthorne, founder and CTO of Transitive.  “We are further delighted that the European Academies of Engineering understands and appreciates the innovation and value that our technology brings to the information and communications markets as evidenced by our growing list of customers and partners. This award is a result of the efforts put forth by our superb engineering, sales and marketing teams.”

About The ICT Prize
The Prize is awarded to companies for new and imaginative products and services based on information and communications technologies, or "digital technologies." This covers the converging fields of computer, media and communications industries – considered to be among the driving forces in modern economies. The Prize is supported by the European Commission as part of its efforts to promote Europe's ICT industry and boost growth. The European Information and Communication Technologies Prize is organized by Euro-CASE* with the support and sponsorship of the European Commission. Follow the European ICT Prize selection process at: www.ict-prize.org.
*Euro-CASE is a European non-profit organization of national academies of Engineering, Technologies and Applied Sciences from 20 European countries.

About Transitive
Transitive is a leader in providing solutions that allow the transportability of software applications across multiple hardware platforms. The company’s QuickTransit® solutions allow software applications that have been compiled for one processor/operating system to run on another without any source code or binary changes and at speeds comparable to native ports. The QuickTransit application transport solution allows data center managers to transport legacy enterprise applications quickly and easily from outdated, proprietary hardware to modern, industry-standard platforms without incurring the costs and delays of porting projects, and with no disruption to end users. QuickTransit technology also facilitates computer companies’ migration to new hardware platforms; dramatically reduces software developers’ cost, risk, and time-to-market in supporting multiple hardware platforms; and makes significantly more software available for more hardware platforms. QuickTransit technology provides the engine for Apple’s Rosetta translation software and is currently shipping on all of Apple’s Intel-based computers.

Transitive Corporation is located in Los Gatos, California with a research and development team located at Transitive Limited in Manchester, United Kingdom. The company is privately held, with funding participation by Pond Venture Partners Ltd., Manchester Technology Fund, Crescendo Ventures and Accel Partners. For more information, please visit Transitive’s website at www.transitive.com.

Transitive, QuickTransit and the Transitive logo are registered trademarks of Transitive Corporation and/or its affiliates in the United States and other countries. All other company and product names may be trademarks of their respective owners.