IT Press Tour San Jose — January 31, 2025

PROPRIETARY & CONFIDENTIAL | 2 (Re)introducing Panzura Sundar Kanthadai Chief Technology Officer Petra Davidson Global Head of Marketing Glen Shok VP, Product Marketing

PROPRIETARY & CONFIDENTIAL | 3 Panzura formed to allow enterprises to use cloud object storage as a high performance, local-feeling data center for global data and workforces. Acquired by current majority investor and refounded with new management team established. Inc 5000 Fastest Growing Company 2022 and 2023. Launches solution with patented methods of achieving real time deduplication, backup and disaster recovery, and file synchronization, globally. Company Evolution Begins expansion into wider data visibility, control, and management, initially over data within the Panzura global file system and then other storage arrays. 2008 2010 2017 2020

PROPRIETARY & CONFIDENTIAL | 4 ~200 spread across North America, UK, Europe, Asia, Pacific. Remote-first approach allows us to recruit talent where it’s found. Managed migrations, platform deployment, ransomware readiness and recovery, data assessment, technical account managers. Concentrated in North America, UK, Europe, Asia, Middle East. Company Snapshot 24/7/365 support with sub-10-minute response time to P1 tickets and average customer satisfaction score of 4.3. Global workforce Global customer base Global support Global professional services

PROPRIETARY & CONFIDENTIAL | 5 Company executive leadership Focus on customers, growth, and performance Chief Executive Officer — Dan Waldschmidt Chief Technology Officer — Sundar Kanthadai Chief Customer Officer — Don Foster Chief Legal Officer — Joel Clark SVP Finance — David Black Global Head of Marketing — Petra Davidson SVP Global Support Services — Julio Lopez

PROPRIETARY & CONFIDENTIAL | 6 Our mission is to bring control, resilience, and immediacy to enterprise data. Panzura in 2025

PROPRIETARY & CONFIDENTIAL | 7 Organizations struggle with: - Lack of visibility into siloed data - Rapid unstructured data growth and increasing storage costs - Cybersecurity risks including ransomware and insider activity - Data resilience and business continuity - Global file synchronization - Governance and compliance - Data analysis including secure AI readiness

PROPRIETARY & CONFIDENTIAL | 8 The Enterprise Data Success Framework COMMAND & CONTROL RESILIENCE IMMEDIACY

PROPRIETARY & CONFIDENTIAL | 9 Portfolio Hybrid Cloud File and Data Services Platforms

PROPRIETARY & CONFIDENTIAL | 10 HYBRID CLOUD FILE PLATFORM PLATFORM EXTENSIONS Cloud File Migration Global File Distribution Cross-site Collaboration Cloud Mirroring Distributed Data Consolidation Military-grade Encryption Immutable Data Immutable Snapshots Public Cloud Private Cloud On-premises Object Stores No VPN for Remote/Mobile Users Enterprise File Sync & Share Data Management, Search, Audit, Compliance Detection & Precision Interdiction for Threats to Data Integrity Panzura CloudFS Panzura Edge Panzura Data Services Panzura Detect and Rescue Panzura Symphony DATA SERVICES PLATFORM Data Discovery & Assessment Dynamic Movement Orchestration Risk & Compliance Analysis Large Scale Migrations

PROPRIETARY & CONFIDENTIAL | 11 Consolidate & compress file data. Shrug off damage with immutable data + immutable snapshots. Uniquely achieve global file consistency — files are up to date for everyone, everywhere, as soon they open them. Boost productivity with global, real-time collaboration Panzura CloudFS Core — Immutable Global File System

PROPRIETARY & CONFIDENTIAL | 12 Immutable data is never overwritten. Immutable snapshots can’t be encrypted. File data that hasn’t been seen before is stored in new blocks. Metadata pointers update every 60 seconds. Global RPO = max 60 seconds Panzura CloudFS Core — Data Resilience Pristine Data is a Moment Away Immutability protects against damage or deletion. Restoring files, folders or the entire file system to a clean snapshot takes just a few clicks.

PROPRIETARY & CONFIDENTIAL | 13 Keep your ransomware immunity. Maintain file visibility and compliance. Browser, Windows and Mac apps, iOS and Android mobile apps. Maintain data integrity with file-level locking. Panzura Edge Extension — Performant File Access for Remote and External Users No VPN Required Fast, secure file access for users on mobile devices and in remote offices, as well as authorized external users.

PROPRIETARY & CONFIDENTIAL | 14 See everything. Find anything. Data Services provides complete visibility, always-on governance, and real-time global data search and retrieval. Global Search Across all data sources. Find 100’s of millions of files in sub- second times with elastic search. Audit Services Audit file activity in near real time to easily see who did what, when, and to which files and directories. Panzura Data Services Extension — Analytics & Governance

PROPRIETARY & CONFIDENTIAL | 15 Custom Fit Learns your “normal” file operations then looks for anomalous behavior and suspicious activity. CloudFS Keeps Data Safe But when data is being damaged, time is the enemy. Stop Attacks Automatically detect suspicious file activity and stop the spread before it takes hold. Minimize Disruption Automatically turn off the affected user(s) without unnecessarily interrupting the rest of the company. Panzura Detect & Rescue Extension — Ransomware Detection & Precision Interdiction Expedite Investigation Admin alerts and logs detail the affected users, activity and files/folders.

PROPRIETARY & CONFIDENTIAL | 16 So far in 2025… - FIPS 140-3 certified for encryption - First hybrid cloud file platform to achieve this milestone - International standard - New audit policies and real-time alerting for insider threats.

PROPRIETARY & CONFIDENTIAL | 17 Major release: CloudFS 8.5 Adapt EMBARGO UNTIL FEBRUARY 5, 2025, 7am ET, 12pm UK

PROPRIETARY & CONFIDENTIAL | 18

PROPRIETARY & CONFIDENTIAL | 19 CloudFS as it has been: 1 active object store per deployment (cloud mirror for HA only) Write Read EMBARGO UNTIL FEBRUARY 5, 2025

PROPRIETARY & CONFIDENTIAL | 20 Regional Store Local access to global files Write Write Sync Region 1 Region 2 Read Read EMBARGO UNTIL FEBRUARY 5, 2025

PROPRIETARY & CONFIDENTIAL | 21 High Availability Local HA Quickest failover, dedicated equipment. Lock migration for a regional outage. Recovery in minutes (inclusive of boot time), no dedicated hardware. Also used for VM migration or regional migration. Global HA Instant Node EMBARGO UNTIL FEBRUARY 5, 2025

PROPRIETARY & CONFIDENTIAL | 22 Plus: - RBAC extended to include Okta SSO - Storage tier support extended to Azure - Already available for AWS - Along with support for AWS Glacier Instant Retrieval (no impact on local performance) EMBARGO UNTIL FEBRUARY 5, 2025

PROPRIETARY & CONFIDENTIAL | 23 Data discovery & assessment Identify, inspect, and evaluate large volumes of data, leading to faster insights and decision-making. Risk & compliance Manage regulatory requirements and mitigate risks, ensuring a more secure and compliant data environment. Dynamic data movement orchestration Enable efficient data workflows, allowing for the seamless transfer and management of data across different environments. 01 02 03 Panzura Symphony Hybrid cloud data services platform

PROPRIETARY & CONFIDENTIAL | 24 ● Consolidate file systems, object stores and cloud services under a single global namespace. ● Identify data consumption by owner, AD group/department, data type, location ● Identify cost savings opportunity based on data characteristics. ● Identify redundant, obsolete and trivial data using metadata, database integration and full content search. ● Simulate cost reduction of relocating stale data – transparent or hard archive. 01 Data discovery & assessment

PROPRIETARY & CONFIDENTIAL | 25 ● Full content inspection and classification via integration with IBM Storage Fusion ● Type-specific metadata awareness via integration with GRAU Data MetadataHub ● Meet documentation and reporting requirements with policies for file and object management. ● Automate transparent policy enforcement ● Route digital assets to comply with legal and contractual mandates 02 Risk & compliance

PROPRIETARY & CONFIDENTIAL | 26 ● Precisely orchestrate data placement, archive, and migration ● Automate rapid, efficient and non-disruptive movement with configurable policies and rules ● Support multiple storage tiers for tight control over data assets ● Gain visibility and seamless integration across file system deployments and diverse storage landscapes ● Enjoy significant cost savings and reductions to overall storage footprint ● Simplify and accelerate migrations to avoid lock-in to cloud providers or hardware vendors 03 Dynamic data movement orchestration

PROPRIETARY & CONFIDENTIAL | 27 ● Enable global trusted data access for AI in a Zero Trust environment with a secure data intermediary. ● Streamline data access, enhance security, and maintain compliance while optimizing LLM training and performance. Zero Trust Data Broker ● Filter, prepare and provision data based on predefined criteria, such as compliance regulations or business rules. ● Reduce the time and resources required for processing by ensuring that the LLM is working with the most relevant subsets of unstructured data.

PROPRIETARY & CONFIDENTIAL | 28 Supports storage and server operating systems like NetApp Data ONTAP and Windows Server natively. Easy implementation of SMB and NFS connections — no additional network or storage infrastructure required. Clever use of metadata pointers reduces storage costs by maintaining accessibility without data duplication. Manage data at massive scale with built-in support for virtually any storage environment. Simplify data management so you can focus on more strategic tasks. Data services at exabyte scale

PROPRIETARY & CONFIDENTIAL | 29 How do we compare? Panzura AWS FSx Azure Files CTERA Nasuni Architecture & immediacy Hub/spoke, mesh Hub/spoke Hub/spoke Hub/spoke Hub/spoke Fast AI/ML - - - High availability - - Detect & interdict ransomware 3rd party 3rd party 3rd party Active DR - - Air gapped/dark site - - - - Distributed file locks - - - - Centralized management - - Immediate consistency - - - Deduplication Real time collaboration - - - -

PROPRIETARY & CONFIDENTIAL | 30 Avenues to market: - Reseller partners (~86% of deals) - Managed services partners (flexibility for deal size) - Marketplaces (AWS, Azure, Google Cloud Platform) - Direct where the organization prefers

PROPRIETARY & CONFIDENTIAL | 31 Pricing model – Panzura Symphony Data Visibility Data Orchestration Platform Migration Symphony Data Insights Symphony Enterprise Platform Transfer Priced by data under management 6 tiers — minimum 25TB, ranging up to 1025TB+ All tiers include 24/7/365 support

PROPRIETARY & CONFIDENTIAL | 32 Pricing model – Panzura CloudFS Immutability Multi-sites Collision avoidance CloudFS Archive CloudFS NAS CloudFS Collaboration Priced by capacity 25TB minimum, 5TB increments thereafter All tiers include 24/7/365 support

PROPRIETARY & CONFIDENTIAL | 33 What’s next We’re building a future where data can flow seamlessly across hybrid and multi-cloud environments. Our vision is autonomic – data infrastructure that can heal itself, optimize itself, configure itself, and protect itself.

panzura.com Thank You!