Press Release
Koolspan Short-listed as a Finalist for the "Red Herring 100 North America" Awards
The most-promising technology ventures will be honored at the Red Herring Spring 2006 CEO Summit.
Bethesda, Md., April 10, 2006 - Red Herring announced late last week that KoolSpan 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 to this year's edition of the prestigious award, giving evidence to the invigorated innovative and entrepreneurial strength of the technology ecosystem. Red Herring will recognize winning companies at the exclusive Red Herring Spring 2006 CEO summit, May 23-25 in Monterey, Calif., 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."
"We are honored to rank on such a prestigious short list of companies recognized by one of the industry's leading media institutions for technological innovation," said KoolSpan CEO Tony Fascenda. "Being named a Red Herring 100 finalist is further validation of a marketplace eager to see new and more innovative technologies help an increasingly nomadic workforce operate more securely, with the ability to access networks from anywhere at any time."
Using a Smart Card to Smart Card architecture, KoolSpan's per packet 256-bit AES Ethernet encryption protects sensitive information without impacting bandwidth utilization or performance, operating uniquely at Layer 2. Its flagship offering, SecurEdge, provides an ultra-secure and consistent way for trusted users inside and outside of the firewall to access their company's private control or business network. The solution bridges networks, users, and devices for encrypted network layer access to control systems with critical security requirements. Whether wired or wireless, remote or local, the SecurEdge solution is simple to configure, support and install into industrial networks, including remote outposts.
From control networks to enterprises, KoolSpan's two-factor authentication solutions can be used to secure video surveillance and other sensor data in the field, VoIP communications, as well as provide protected remote access without a VPN, secure Wi-Fi in offices or the field, and secure Ethernet for multi-site bridging or backbone encryption across private or public networks.
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. KoolSpan 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 KoolSpan
KoolSpan, Inc bridges networks, users, and devices for encrypted network layer access to any business application. KoolSpan provides the highest network security available today (per packet 256-bit AES encryption) in an easy-to-use and cost-effective solution. KoolSpan's solution reduces user and administrator challenges and allows local and remote workers to securely connect over wired and wireless networks. KoolSpan's technology currently secures networks and critical infrastructure for government agencies, Fortune 100 companies, and small enterprises. To learn more, visit www.koolspan.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 www.redherring.com.
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Product and company names herein may be trademarks of their registered owners.
Media/Analyst Contact:
Jim Engineer
e-Rainmaker PR for KoolSpan
630.728.1387 or jim.engineer@e-rainmaker.com
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