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STEC Acquires Assets of KQ Infotech, Pvt Ltd and Establishes a Strategic R&D Presence in Pune, India
GlobeNewswire
2011-04-19

       Software Development Group Expands Global R&D Efforts

SANTA ANA, Calif., April 19, 2011 (GLOBE NEWSWIRE) -- STEC, Inc.
(Nasdaq:STEC), a leading global provider of enterprise-class
solid-state drive (SSD) technologies and solutions, today announced
that its wholly owned subsidiary, STEC India Private Limited, has
acquired certain assets of Knowledge Quest Infotech Private Limited, or
KQI, a software development company based in Pune, India. The portfolio
of acquired assets includes KQI's intellectual property rights. In
addition, STEC has hired approximately 30 key employees of KQI to
augment its existing software development team. The financial terms of
this transaction are not disclosed.

"The team of skilled software engineers from KQI has significant
experience in such areas as system software development and
virtualization," said Manouch Moshayedi, Chairman and Chief Executive
Officer of STEC. "As the overall trend of hardware and software
convergence in the storage industry continues, it is important for us
to expand our product portfolio by creating increasingly intelligent
storage solutions that accelerate the adoption of solid-state drives in
enterprise servers. Establishing a presence in India provides us with
strategic access to a global software hub with a pool of top
engineering talent to cost-effectively meet our R&D expansion plans."

KQI has a record of developing storage software solutions for a variety
of application environments and has proven execution capabilities. The
team's system design knowledge, storage software expertise, and
virtualization capabilities will be important in the development of
STEC's future generations of solid-state solutions.

"It is truly exciting to be joining the industry leader in enterprise
solid-state storage solutions," said Anurag Agarwal, CEO and Co-founder
of KQI. "There are valuable synergies between STEC's core business and
our intimate knowledge of storage file systems and application
development expertise through which we aim to deliver value-added
features and designs for future products."

For more information regarding this announcement and other important
SSD topics, please visit STEC's web site at
www.stec-inc.com/ssd/technology.

About STEC

STEC, Inc. is a leading global provider of solid-state drive (SSD)
technologies and solutions tailored to meet the high-performance,
high-reliability needs of original equipment manufacturers (OEMs). With
headquarters in Santa Ana, California and locations worldwide, STEC
leverages almost two decades of solid-state drive knowledge and
experience to deliver the most comprehensive line of solid-state drives
to the storage industry. For more information, visit the company's web
site at http://www.stec-inc.com.

Follow STEC, Inc. on Facebook and on Twitter.

The STEC, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=1079

STEC, the STEC logo, and ZeusIOPS are either registered trademarks or
trademarks of STEC, Inc. in the United States and certain other
countries. All other trademarks referred to herein are the property of
their respective owners.

Safe Harbor Statement Under the Private Securities Litigation Reform
Act of 1995

This release contains forward-looking statements that involve risks and
uncertainties, including those statements concerning the benefits of
STEC's R&D presence in Pune, India; the hardware and software
convergence trend in the storage industry; the utilization of KQI's
intellectual property rights and team of software engineers; and the
adoption and development of STEC's technologies and solutions; and
expanding STEC's product portfolio. Such forward-looking statements are
based on current expectations and involve inherent risks and
uncertainties, including factors that could delay, divert or change any
of them, and could cause actual outcomes and results to differ
materially from current expectations. Although STEC believes that the
forward looking statements contained in this release are reasonable, it
can give no assurance that its expectations will be fulfilled.
Important factors that could cause actual results to differ materially
from those expressed or implied in the forward-looking statements are
detailed in filings with the Securities and Exchange Commission made
from time to time by STEC, including its Annual Report on Form 10-K,
its Quarterly Reports on Form 10-Q, and its Current Reports on Form
8-K. The information contained in this press release is a statement of
STEC's present intention, belief or expectation. STEC may change its
intention, belief, or expectation, at any time and without notice,
based upon any changes in such factors, in STEC's assumptions or
otherwise. STEC undertakes no obligation to release publicly any
revisions to any forward-looking statements to reflect events or
circumstances occurring after the date hereof or to reflect the
occurrence of unanticipated events.


CONTACT: Mitch Gellman, Vice President of Investor Relations
         (949) 260-8328
         ir@stec-inc.com



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