SOURCE: Colubris Networks

May 11, 2005 15:00 ET

Colubris Networks Named a Red Herring 100 Company

WLAN Market Leader Recognized as One of the Top Private Companies in North America

WALTHAM, MA -- (MARKET WIRE) -- May 11, 2005 -- Colubris Networks, a pioneer of intelligent, multiservice WLAN systems, today announced that it has been named one of the Red Herring 100 Private Companies of North America -- embodying innovation, technology and strategy. Colubris' President and CEO, Barry Fougere, is presenting at the Red Herring Spring conference, May 17-19 in Monterey, California, where the company will be honored along with other Red Herring 100 winners. Colubris wireless equipment will be deployed at the conference to provide wireless access for attendees, media and staff during the event.

Red Herring's editorial staff rigorously evaluated more than 900 private companies through a careful analysis of financial data and subjective criteria, including quality of management, execution of strategy, and dedication to research and development.

"Five years after the dot-com bubble burst, innovation and entrepreneurship are thriving. The companies on this list are proof," said Red Herring Editor-in-Chief, Joel Dreyfuss.

With 1,000+ customers worldwide, partnerships with Juniper, Avaya and Alcatel, an expanding product family, growing market share and recent infusion of funding from blue-chip investors, Colubris is well positioned to drive the transition to the next generation of Unified WLAN architecture and technology.

Having successfully completed a rigorous selection process which is weighted to reflect the reality of survival in today's challenging marketplace, Colubris Networks is recognized by Red Herring editors as highly qualified to make a lasting impact on the industry.

"This is an honor for the entire Colubris team, as Red Herring is one of the most influential names in both the global business and high-tech communities," said Fougere. "It's gratifying for Colubris to be recognized along with such pioneers as Google, IBM and Adobe -- as one the 'best of the best.'"

Red Herring's lists of private companies are an important part of the magazine's tradition of identifying new and innovative technology companies and entrepreneurs. Companies like Google and eBay were spotted in their early days by Red Herring editors as those that would change the way we live and work.

About Red Herring Spring

Red Herring Spring is an invitation-only event for CEOs, select senior executives and Venture Capitalists. Themed "The Dynamics of Disruptions," Red Herring Spring 2005 will bring together executives from mostly private companies. These executives will be joined by senior executives from public companies and Venture Capitalists. Please contact Sean Raman at 650-428-2900 or email sraman@redherring.com if you would like to request an invitation to Red Herring Spring.

About Red Herring

Red Herring is the weekly magazine technology entrepreneurs, investors and industry observers read to stay ahead of the curve and to be better informed about the global marketplace. Red Herring covers technology, innovation, financial strategies, important personalities and trends that are transforming the world of business with unique insight, opinion and forward-looking analysis. Readers turn to Red Herring for knowledge to make strategic decisions, build companies and create a competitive advantage for their businesses. Red Herring articles, blogs, research and event information can be found online at www.redherring.com.

About Colubris Networks

Colubris Networks is the leading global provider of intelligent multiservice wireless LAN systems for service providers and enterprises. The company's award-winning products deliver seamless, secure access to broadband services and applications while integrating into existing network infrastructure, security and management systems. Colubris Networks' equipment is deployed by more than 1,000 organizations worldwide. For more information, visit the company at www.colubris.com, or info@colubris.com.

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