Isilon Finally Settled With SEC

Isilon Systems, Inc. announced that the United States Securities and Exchange Commission (SEC) has authorized the final settlement with Isilon of the SEC’s previously disclosed investigation of Isilon’s restatement of the fourth quarter of and fiscal 2006 and the first two quarters of fiscal 2007.

Without admitting or denying the allegations in the SEC’s complaint, Isilon consented to a permanent injunction against any future violations of certain provisions of the federal securities laws and related regulations concerning the filing of periodic reports and the maintenance of accurate books and records and adequate internal controls. No monetary penalties were assessed against Isilon as part of the settlement.

This settlement concludes the SEC’s formal investigation of Isilon in connection with its prior financial restatement. In settling this matter, the SEC acknowledged the company’s cooperation. The Company is pleased to conclude this matter.