RED HERRING NAMES PACKETEXCHANGE AS A FINALIST OF RED HERRING 100 EUROPE
2007-03-20
Cannes, France 20th March 2007 – Red Herring names PacketExchange as a Finalist of Red Herring 100 Europe, an award given to the top 100 private technology companies based in the EMEA (Europe, Middle East and Africa) region each year.
“This year‘s impressive list, and unprecedented number of submissions from companies demonstrates Europe‘s emergence as a major player in the global technology sector,” said Red Herring Editor-in-Chief, Joel Dreyfuss. “The exceptional accomplishments of European technology companies and entrepreneurs are a testament to the rapid advancements being made in building the European innovation ecosystem.”
Red Herring‘s lists of top private companies are an important part of the company‘s tradition of identifying new and innovative technology companies and entrepreneurs. Companies like Google, eBay and Skype were spotted in their early days by Red Herring editors, and touted as leaders that would change the way we live and work.
Kieron O‘Brien, CEO & co-founder of PacketExchange commented: “We are honoured to have been selected by Red Herring for this prestigious award. This serves as further testament to PacketExchange‘s technical innovation and drive to offer leading businesses, like Microsoft and Bebo, a private, high-speed network that enables them to focus on offering their customers a superior service rather than worrying about the shortcomings of the public internet.”
Red Herring‘s editorial staff rigorously evaluated more than 700 private companies through a careful analysis of financial data and subjective criteria, including quality of management, execution of strategy, and dedication to research and development.
Red Herring will honour the Red Herring 100 Europe Finalist companies at its Venture Market Europe (VME) 2007 event. Scheduled for March 25-27, at the Intercontinental Carlton, this intimate, three-day event is themed “The Pursuit of Disruption” and will explore how European firms are leading the charge in many technology sectors, gaining the competitive advantage, and driving entrepreneurial success in ways that create business opportunities for challengers and incumbents alike.
About Red Herring
Red Herring is a global media company which unites the world‘s best high technology innovators, venture investors and business decision makers in a variety of forums: a leading innovation magazine, an online daily technology news service, technology newsletters and major events for technology leaders around the globe. Red Herring provides an insider‘s access to the global innovation economy, featuring unparalleled insights on the emerging technologies driving the economy. More information about Red Herring is available on the Internet at www.redherring.com.
