GIGASPACES SELECTED AS 2006 CODIE AWARDS FINALIST

GigaSpaces’ Achievement and Vision Stands Out In Highly Competitive Field of Nominees

New York, NY– January 31, 2006 –GigaSpaces Technologies, a fast-growing provider of innovative, high-performance infrastructure software solutions, today announced that it has been selected as a finalist in the 21st Annual Codie Awards competition run by the Software & Information Industry Association (SIIA). GigaSpaces is a finalist in the highly competitive “Best Distributed Computing Solution” category. Codie Awards finalists are recognized for their outstanding achievement and vision within their industry.

“The 21st Annual Codie Awards continue the tradition of honoring the best of the software, information and education technology industries,” said Ken Wasch, SIIA President. “When one considers the number of outstanding companies that competed this year, being named a Codie Finalist is a significant achievement.”

Codie Award finalists are chosen through a combination of journalist and peer review in 71 categories of products and services, as well as corporate excellence and philanthropy. There were more than 1,026 nominations submitted by more than 500 companies for this year’s competition.

“We’re very proud that GigaSpaces has been chosen by such a respected group of judges as a finalist in this year’s competition,” said Yaron Benvenisti, CEO of GigaSpaces. “This provides another validation that our growing list of customers are indeed investing in a solution with industry-recognized technical excellence.”

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