Spiceworks Selected as “Next Big Thing” Company by Sand Hill Group

AUSTIN, Texas – July 23, 2007 – Spiceworks^™, Inc., the provider of the industry’s first free ad-supported IT management software, today announced that it is one of the five “Next Big Thing” companies chosen from among dozens of applicants to present at the prestigious Enterprise 2007 technology conference. The annual event, which is organized by The Sand Hill Group, will take place July 22-24, 2007 in Pebble Beach, CA.

“Software applications are emerging as a promising new source of advertising inventory and this is spawning an evolution in the software industry,” said M.R. Rangaswami, co-founder of The Sand Hill Group. “As Spiceworks has demonstrated in a short period of time, the model of delivering software supported by ads not only has legs but is poised to redefine the software business landscape for the benefit of organizations around the world.”

In July 2006, Spiceworks delivered the industry’s first ad-supported IT management application. In less than a year since its launch, the software – designed for the SMB market – has gained more than 120,000 users in 185 countries around the world. These organizations rely on the Spiceworks IT Desktop discover, inventory, monitor, track and report on more than 5.4 million hardware devices and software applications that together support 4.2 million employees.

“To be selected as one of the five ‘Next Big Thing’ companies is a tremendous honor for Spiceworks,” said Scott Abel, founder and CEO of Spiceworks. “The 120,000 dedicated Spiceworks users who have helped us to design, test and continually improve the product deserve a large part of the credit for helping us achieve this prestigious honor.”

The free Spiceworks software is supported by displaying relevant ads on topics that are useful to IT professionals rather than by subscription or software licensing fees. For SMB users this means free IT management software. For advertisers, it means they can reach an audience of 120,000 SMB IT professionals representing more than $20 billion a year in technology spend.

For more information on Spiceworks or to download the free Spiceworks IT Desktop software, visit www.spiceworks.com.