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Bloombase Technologies Accelerates Enterprise Information Security with Hifn Data Security Card

San Jose, California, United States and LOS GATOS, Calif., January 30, 2008 - Bloombase Technologies, the least invasive enterprise information security company, and Hifn ™ (NASDAQ: HIFN), the catalyst behind storage and networking innovation, announced today the integration of Hifn's Express DS 250 data security acceleration card into Bloombase's Spitfire family of enterprise information security products. The integrated solution delivers the industry’s strongest data encryption functions available to address the data security requirements facing Enterprise customers.

The security requirements of availability, loss prevention and authorized accessibility of the data are compounded by the dramatic increase in both the quantity and value of data customers have to manage. Bloombase’s Spitfire products target the growing threats of data tampering and leakage, and combined with Hifn's DS 250 cards accelerate the encryption and compression of data at-rest and in-flight enabling real-time data security solutions for real world businesses.

"Preserving data privacy and integrity are top concerns for enterprises running mission-critical business applications. Bloombase's Spitfire Security Server customers demand real-time encryption and decryption of their database data and information exchange with zero performance impact to their existing computing infrastructure," said Harry Xiang, VP Product Marketing, Bloombase Technologies. "Combining Bloombase's proven platform, including transparent data security applicable for various storage, database, email and SOA data, with Hifn's standard based and purpose-built cryptographic accelerators' performance, gives customers the highest level of security and cost effectiveness without sacrificing performance. Customers can rest assured their data is secure and highly available.”

“As the leader in security processing, Hifn’s DS 250 security acceleration card is a good example of how we have packaged the heavy-lifting capabilities of our applied services processors in a production optimized solution for our customers,” said Steven Yang, Vice President of Asia Pacific Field Operations at Hifn ”The combination of Hifn’s Express DS 250 card and Bloombase's Spitfire family of enterprise information security solutions will provide enterprise customers the market-leading, security functions Hifn is known for.”

About Bloombase Spitfire Security Platform

Spitfire StoreSafe Enterprise Storage Encryption Server secures confidential persistence data on physical storage subsystems including DAS, NAS and SAN, while providing a virtual view of the encrypted replica as if they are in plain, achieving transparent deployment and on-the-fly wire-speed encryption. Data interchange over XML and web services amongst enterprises streamlines business processes and accelerates electronic commerce. Spitfire SOA Security Server secures electronic data transactions by state-of-the-art cryptographic technologies, safe-guarding confidential data from unauthorized disclosure and sensitive data from being tampered. Spitfire Messaging Security Server protects integrity and privacy of corporate emails from potential leakage and hazards.

About Hifn Express DS Data Security Acceleration Cards

The Hifn Express DS 250 is a production optimized, security packet processor and acceleration card designed to meet the high performance security requirements of OEMs and system integrators. Based on Hifn’s 8155 Applied Services Processor, the card delivers multi-gigabit performance for IPsec or SSL packet processing. The Express DS 250 card uses the high performance PCI-X system bus for packet processing of over 1 million packets per second and is ideal for VPN Security Gateways, VPN Firewalls, Secure Web Servers and Secure Storage Appliances.

About Bloombase Technologies

Bloombase Technologies formulated a vision for next generation enterprise application integration and electronic data interchange to secure and accelerate information exchange. This vision brings together distributed and heterogeneous systems with seamless connectivity and empowers enterprise applications and systems with security by use of state-of-the-art cryptographic, service oriented architecture and network technologies. Its products and solutions are available from major OEMs, system integrators and resellers, and are deployed worldwide by governments, organizations and listed companies across industries including banking, financial services, healthcare, telecommunications, and manufacturing. For more information, please visit http://www.bloombase.com

About Hifn

Hifn (NASDAQ:HIFN) delivers the key channel and OEM ingredients for 21 st century storage and networking environments. Leveraging over a decade of leadership and expertise in the development of purpose-built Applied Service Processors (ASPs), Hifn is a trusted partner to industry leaders for whom infrastructure innovation in storage and networking is critical to success. With the majority of secure networked communications flowing through Hifn technology, the 21 st century convergence of storage and networking drives our product roadmap forward. For more information, please visit: www.hifn.com.

Media Contact:

Bloombase Technologies
Corporate Communications

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“ Safe Harbor” Statement under the U.S. Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Specifically, statements regarding the Company’s future financial performance including, without limitation, statements related to enabling real-time data security solutions for real world businesses, highest level of security and cost effectiveness without sacrificing performance, and providing customers with the market leading security functions Hifn is known for, and providing a two for one benefit for our customers are all forward-looking statements within the meaning of the Safe Harbor that may cause actual results to differ materially from the forward-looking statements contained herein. Factors that could cause actual results to differ materially from those described herein include, but are not limited to: dependency on a small number of customers; customer demand and customer ordering patterns; and orders from Hifn’s customers may be below the company’s current expectations. These and other risks are detailed from time to time in Hifn’s filings with the Securities and Exchange Commission. Hifn expressly disclaims any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.