New York, January 06, 2005 - GridSummit, a knowledge portal for persons interested in grid computing and related technologies, has selected the GigaSpaces Enterprise Applicaion Grid 4.0 as its featured software for the month of January 2005.

About GigaSpaces Enterprise Application Grid

NEW YORK - January 17th, 2005 - Enterprise Grid pioneers Enigmatec Corporation and GigaSpaces Technologies today announced the formation of a new partnership to deliver Data on Demand. The joint solution provides financial services firms with a highly scalable self-managed data grid infrastructure that combines the GigaSpaces' grid-based solution for real-time transactional business applications with Enigmatec's automated policy-based management.

TEL AVIV, ISRAEL - January 24th, 2005 - GigaSpaces, a leading software provider of Grid infrastructure for business-critical applications and a subsidiary company of Formula Vision (TASE:FVT) has completed a $3M funding round, led by BRM Capital. Existing investor, Formula Vision, and BRM Capital also have an option of investing an additional, $1.86M.

NEW YORK, NY - March 30th, 2005 - In an effort to contribute to the establishment of open standards for enterprise-class distributed computing, GigaSpaces Technologies Inc., a fast-growing provider of innovative grid-based solutions for transaction intensive, business-critical applications, today announced that it has launched a free Community Edition (CE) of its product.

MOUNTAIN VIEW, California - June 7th, 2005 - Azul Systems^TM Inc., the pioneers of the industry's first network attached processing solution, designed to unbound compute resources for Java^TM- and J2EE^TM-based applications, and GigaSpaces Technologies Inc., a leading provider of innovative grid-based solutions for data-intensive, business-critical applications, today announced an alliance to jointly provide customers with the most scalable infrastructure for data and throughput-intensive enterpri

SAN FRANCISCO , CA - June 27, 2005 - GigaSpaces Technologies Inc., a fast-growing provider of innovative, distributed infrastructure solutions for transaction intensive, business-critical applications, announced today at JavaOne 2005 the latest release of its Enterprise Application Grid (EAG). This new release provides high throughput, low latency applications with a Virtual Application Server, which delivers all the necessary distributed application services, such as distributed caching, parallel processing and a messaging bus.

SAN FRANCISCO, CA - June 29, 2005 - GigaSpaces Technologies Inc., a fast-growing provider of innovative, distributed infrastructure solutions for transaction intensive, business-critical applications, announced that the company's Enterprise Application Grid (EAG) is a winner of the prestigious Sun Microsystems, Inc. Duke's Choice Award. The award was presented by Sun chairman and chief executive officer, Scott McNealy following his keynote address at the JavaOne^TM Worldwide Developer Conference today.

New York, NY - August 08, 2005 - GigaSpaces Technologies, a fast-growing provider of grid-based application servers for transaction intensive, business-critical applications, today announced that Intel Capital will join the recent financing round which was led by BRM Capital. Intel's investment will bring the total funds raised to $6M. Formula Vision (TASE: FVT), GigaSpaces' major shareholder, also participated in the round.

MOUNTAIN VIEW, Calif., Dec.