Award Recognizes the 100 Private Technology Firms in North America Driving
the Future of Technology
REDWOOD CITY, Calif., May 22 /PRNewswire/ -- Funambol today announced
that it has been selected as a winner of the annual "Red Herring 100 North
America" award by Red Herring magazine. This list of 100 privately held
companies in North America recognizes those that play a leading role in
innovating the technology business. To view the full list, please visit
http://www.redherring.com.
Disruptive technologies and business plans
"With venture capital flowing again, we're seeing a lot of innovative
new companies taking on the established players with disruptive
technologies and innovative business plans," said Joel Dreyfuss,
Editor-in-Chief of Red Herring. "The Red Herring 100 North America
companies, among them Funambol, are pushing and breaking the boundaries of
the technology business and we are excited to report on their success
stories."
"Funambol is glad to be recognized for being the fastest growing and
most established mobile open source company by Red Herring," said Fabrizio
Capobianco, CEO of Funambol. "We've seen our business grow significantly
this year because our carrier, enterprise and ISV customers are realizing
the benefits that open source and open standards bring to the mobile
market."
Among other Funambol accomplishments in 2006:
-- The first company to take mobile push email capabilities beyond the
enterprise, to 96 percent of the mobile users in the world
-- Computer Associates licensed Funambol for mobile device management
-- Funambol launched the world's first open source push email support in
Version 3 of its flagship product
-- Carriers all over the globe, including ePLDT, the Philippines' largest
carrier, deployed Funambol's mobile open source platform
-- Funambol reached a milestone with more than 500,000 downloads for its
software
More than just buzz
Red Herring's lists of top private companies are an important part of
the renowned magazine's tradition of identifying new and innovative
technology firms and entrepreneurs. Companies like Google and eBay were
spotted in their early days by Red Herring editors as some that would
change the way we live and work.
After receiving more than 1,000 submissions and nominations, Red
Herring's editorial staff rigorously evaluated Funambol and the other
contenders through a careful analysis of financial data and subjective
criteria, including quality of management, execution of strategy, and
dedication to research and development. The Red Herring 100 North America
companies are at the forefront of the technologies that are changing our
lives in profound ways.
Honoring the best
To honor the Red Herring 100 companies, Red Herring has invited their
CEOs and founders to present at its Red Herring Spring 2006 conference, a
forum for technology's most exciting companies, and to share their insights
on the future of innovation and the entrepreneurial journey. Scheduled to
take place at the Hyatt Regency Hotel in Monterey, this intimate,
invitation-only conference will explore "The Pursuit of Disruption" and how
it spawns unexpected opportunities, novel alliances, and great success
stories.
About Funambol
Funambol is the mobile open source company. Funambol's Mobile
Application Server offers "push" email, synchronization of contacts and
calendars, and management facilities for mobile devices. Funambol (formerly
known as Sync4j) is an open source development platform for mobile
applications that has been downloaded more than any other wireless
middleware product -- 500,000 times. The commercial version has been
deployed at wireless carriers, Fortune 100 enterprises, hardware OEMs/ODMs
and ISVs including customers such as Computer Associates. Funambol is
headquartered in Redwood City, California with a development center in
Italy. See http://www.funambol.com.
About Red Herring Spring 2006
Red Herring Spring 2006 will assemble 300 of the continent's most
innovative and successful CEOs, investors, and corporate developers and
feature a dynamic group of over 100 speakers that are pushing and breaking
the boundaries of the business of technology. Themed "The Pursuit of
Disruption," it will be held May 23-25 in Monterey, California. Please
contact Michael Felber at 650.428.2900 or email mfelber@redherring.com to
request an invitation to attend the event. More information is available
online at http://www.herringevents.com/rhspring06.
About Red Herring Magazine
Red Herring magazine 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's journalists report 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.
Editorial Contacts
Funambol contact: Jennifer Cloer, jennifer@pageonepr.com
Red Herring Spring contact: Michael Felber, mfelber@redherring.com
Media Relations contact: Xenia von Wedel, xenia@terpin.com
SOURCE Funambol
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Related links:
http://www.redherring.com/
http://www.funambol.com/
CONTACT:
Jennifer Cloer for Funambol,
jennifer@pageonepr.com; or Michael Felber of Red Herring Spring,
mfelber@redherring.com, or press, Xenia von Wedel,
xenia@terpin.com
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