April 10, 2006 14:52 ET

BorderWare Technologies 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

TORONTO -- (MARKET WIRE) -- April 10, 2006 --BorderWare Technologies, Inc., the leading provider of content and application security solutions, announced today that it has been short-listed as one of the top 200 contenders for the 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. As one of the finalists, Andrew Graydon, CTO of BorderWare, will join the exclusive Red Herring Spring 2006 Summit, May 23-25 in Monterey, California, where he will share his insights and expertise on a panel entitled "Securing VoIP: The Poor Cousin With The Great Potential."

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 choose 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 very proud to have been short-listed as one of the finalists for the Red Herring 100 North America awards," said Tim Leisman, President & CEO, BorderWare Technologies, Inc. "This recognition is further testament to BorderWare's leadership position in the content and application security market, and our ability to effectively address the multiple risks threatening the IP communications landscape."

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. BorderWare Technologies 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 BorderWare

BorderWare Technologies makes Internet communications safe. The company's content and application security solutions enable customers to mitigate the risks and threats associated with Internet communications. Founded in 1994, BorderWare has developed partnerships and affiliations with some of the industry's most prominent companies including Cisco Systems, F5 Networks, Kaspersky Labs, Marconi, PostX, PGP, Research In Motion (RIM), RSA Security, Sun Microsystems, Symantec and Ubiquity. More than 8,000 customers in 65 countries have selected BorderWare solutions for their superior security, scalability, business continuity and lower total cost-of-ownership. For more information visit www.borderware.com or call 1-877-814-7900.

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.

(c) 2006 BorderWare Technologies Inc. All Rights Reserved. BorderWare, MXtreme and S-Core are trademarks of BorderWare Technologies Inc. All other company and product names may be trademarks or registered trademarks of their respective holders.