Transitive™ Corporation Receives 2006 Morgan Stanley Innovation Award for QuickTransit® Hardware Virtualization Product

Los Gatos, Calif., July 31, 2006 – Transitive™ Corporation, a leading provider of software that enables transportability of applications across multiple processor and operating system (OS) pairs, today announced that it received a 2006 Innovation Award from Morgan Stanley at the firm’s Sixth Annual CTO Summit.

"We are extremely pleased to give our Innovation Award to Transitive,” said Guy Chiarello, Morgan Stanley’s Chief Information Officer. “At Morgan Stanley, we take an aggressive approach to evaluating new technology, both as a business enabler and as a lever for business growth, and we have evaluated QuickTransit products within our own infrastructure. By enabling immediate software migration to chosen strategic server platforms, we believe that Transitive can help eliminate much of the difficulty and expense that companies face when upgrading hardware.”

The CTO Summit is designed to identify influential technology companies, as well as to recognize technologies that have added measurable value and efficiency to the overall marketplace, and have enabled Morgan Stanley to continue to leverage innovative technology in its own environment.

“Transitive is honored to receive recognition for its technology innovation by Morgan Stanley, a global financial services firm and innovative user of technology,” said Bob Wiederhold, President and CEO of Transitive. "That their evaluation has resulted in this award is a testimony to the potential of Transitive’s hardware virtualization technology “

The Innovation Awards are presented at Morgan Stanley’s CTO Summit, the event through which the winning companies are identified and selected. The rigorous selection process begins with recommendations from top-tier venture capitalists, and culminates with the evaluation and acceptance of the company’s offerings by Morgan Stanley IT.

About Transitive Corporation
Transitive Corporation is a pioneer and leader in providing solutions that allow the transportability of software applications across multiple hardware platforms. The company’s QuickTransit hardware virtualization technology allows software applications that have been compiled for one processor/operating system to run on another without any source code or binary changes and at speeds comparable to native ports. The technology dramatically reduces software developers’ cost, risk, and time-to-market of supporting multiple hardware platforms, facilitates computer companies’ migration to new computer platforms, and makes significantly more software available on hardware platforms. QuickTransit technology provides the engine for the Apple® Rosetta® translation software, and is currently shipping on all of Apple’s Intel-based computers. It is also shipping on all Silicon Graphics’ Linux/Itanium-based computers. Transitive Corporation is located in Los Gatos, California with a research and development team in Manchester, England. The company is privately held, with funding participation by Pond Venture Partners Ltd., Manchester Technology Fund, Crescendo Ventures and Accel Partners. For more information, please visit Transitive’s website at www.transitive.com.

Transitive, QuickTransit and the Transitive logo are registered trademarks of Transitive Corporation and/or its affiliates in the United States and other countries. All other company and product names may be trademarks of their respective owners.