The Most-Promising Technology Ventures will be Honored at the Red Herring
Spring 2006 CEO Summit
WALTHAM, Mass., April 5 /PRNewswire/ -- Red Herring announced that
XOsoft, a leading provider of continuous availability software solutions,
has been short-listed as one of the top 200 contenders for its annual "Red
Herring 100 North America" list. Well over 1,000 privately held technology
companies submitted for this year's edition of the prestigious award,
giving evidence to the invigorated, innovative and entrepreneurial strength
of the technology ecosystem. As one of the finalists, Leonid Shtilman, CEO
of XOsoft, will join the exclusive Red Herring Spring 2006 CEO summit, May
23-25 in Monterey, California, where the technology industry's
most-innovative CEOs, venture financiers, and corporate strategists will
gather to meet this next wave of disruptive companies.
High-quality companies
"We can see the resurgence of the tech sector reflected in the quantity
and variety of excellent companies that we had to chose from in putting our
list together," said Joel Dreyfuss, editor-in-chief of Red Herring. "It was
difficult to choose the 200 finalists, and we are very happy with the
stellar quality of the companies on this short-list."
What makes XOsoft Stand Out
"It's the people that work at XOsoft that have propelled the Company to
the forefront of the continuous application availability market, said
Leonid Shtilman. "By being innovative in thinking, creative in product
development and strategic in delivery -- we have brought best quality
solutions to market that have helped our global customers be more
competitive, successful and profitable in today's dynamic business
environment."
More than just buzz
The "Red Herring 100 North America" award is an important part of Red
Herring's tradition of recognizing new and innovative technology firms and
their entrepreneurial founders. XOsoft and the other nominees were rigidly
evaluated on both quantitative and qualitative criteria such as financial
performance, technology innovation, quality of management, execution of
strategy, and integration into their ecosystem. This unique assessment of
potential complemented by a review of the actual track record and standing
of a company allows Red Herring to see past the "buzz" and make the list an
invaluable instrument for discovering and advocating the greatest business
opportunities in the industry.
Bringing together the best
As part of this tradition to honor innovation and entrepreneurship in
the business of technology, Red Herring will again host "Red Herring
Spring," a two-day invitation-only summit for the CEOs and founders of the
Red Herring 100 winners and finalists in Monterey, California. The summit's
C-level attendees will convene under the theme "The Pursuit of Disruption"
to discuss major trends and opportunities and to explore partnerships,
alliances, investments, and M&A activities. Further information regarding
the event and how to register is available at
http://www.herringevents.com/rhspring06.
About XOsoft
XOsoft's continuous application and information availability solutions
keep enterprises working. The company's patented software platforms
significantly lower the risks of decreased productivity and lost revenue by
minimizing application downtime and ensuring that the most up-to-date
information is available throughout the enterprise. Many of the world's
largest corporations and government agencies have chosen XOsoft to ensure
uninterrupted access to their most valuable information assets. For more
information, please visit http://www.xosoft.com.
About Red Herring
Red Herring is a sophisticated insider's guide to the business of
technology, featuring unparalleled insights on the emerging technologies
driving the economy, from the Internet to wireless communications and
digital entertainment. Red Herring reports on how innovation and
entrepreneurship are transforming business and how the business of
technology is transforming the world, providing readers with a deep
understanding of venture capital and capital markets. Recognized as an
essential resource in today's fast-changing business world, Red Herring
gets the right answers before anyone else even thinks to ask the questions.
More information on Red Herring is available on the Internet at
http://www.redherring.com.
Press Contact:
Chris Foster
XOsoft Press Office
+1 212 715 1691
XOsoftPR@ruderfinn.com
SOURCE XOsoft
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Related links:
http://www.xosoft.com
http://www.redherring.com
http://www.herringevents.com/rhspring06
CONTACT:
Chris Foster for XOsoft Press Office,
+1-212-715-1691, XOsoftPR@ruderfinn.com
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