SOURCE: Cotendo

Cotendo

June 21, 2010 20:07 ET

Cotendo Named as Finalist for 2010 Red Herring 100 North America Award

SUNNYVALE, CA--(Marketwire - June 21, 2010) -  Cotendo, an innovative CDN and Site Acceleration Services Provider, has been selected as a finalist for Red Herring's North America 100 award, which honors the year's most promising private technology ventures in North America. The Red Herring editorial team selected the most innovative technology companies from a pool of hundreds from across North America. The finalists will present their winning strategies at the Red Herring North America Conference in San Diego, June 22-24, 2010. The top 100 winners will be announced at a special awards ceremony on June 24 at the event.

The nominees are evaluated on both quantitative and qualitative criteria, such as financial performance, technology innovation, quality of management, execution of strategy, and integration into their respective industries. This unique assessment of potential is complemented by a review of the actual track record and standing of a company, which 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.

Cotendo's comprehensive Content Delivery Network (CDN) and Site Acceleration Suite significantly improves the ability of Internet content providers -- including high-volume transactional enterprises, online retailers, financial services companies, advertising networks, professional news and social media sites -- to offer fast, secure and reliable whole site acceleration of both static and dynamic content to online customers and site visitors. By improving web site performance and reliability, the Cotendo suite enhances the user's experience, increases site conversions and loyalty, and enables businesses to achieve a greater investment return on their web presence.

"It is a great honor and distinction for Cotendo to be chosen as a finalist for Red Herring's North America 100," said Ronni Zehavi, Cotendo's co-founder and CEO. "The Red Herring 100 list is an instrument for discovering and advocating the most promising private ventures from around the world. We are proud of the contributions of our team, the success we've achieved, and the trust our customers continue to place in our web acceleration services."

About Red Herring
Red Herring is a global media company uniting 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. For more information, visit www.redherring.com

About Cotendo
Cotendo is a CDN and Site acceleration services provider and an innovator of software-focused site acceleration technologies. Cotendo's full suite of CDN and site acceleration services is addressing an important unmet need that Internet content and web application providers have for application-level flexibility and sophisticated management of performance and costs. Cotendo is led by experts in intelligent content management and content delivery networks. Founded in 2008, Cotendo is funded by Sequoia Capital, Benchmark Capital and Tenaya Capital. The company is headquartered in Sunnyvale, California with R&D based in Israel. For more information about Cotendo and its Site Acceleration Suite, visit http://www.cotendo.com.

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