September 24, 2008 13:20 ET

eLearning Provider Udutu Named Red Herring Canada Top 50 Winner for 2008

Red Herring's Top 50 Celebrates the Most Innovative and Promising Companies in Canada

VICTORIA, BC--(Marketwire - September 24, 2008) - Red Herring magazine has named Udutu (, a provider of web-based e-learning software and services, a winner of the "Red Herring Top 50 Canada" award -- a prestigious list honoring this year's most promising private technology ventures in Canada. Udutu was chosen in the Internet Services category for its technology innovation, management strength and customer acquisition, among other characteristics. The announcement was made at Red Herring's Canada 2008 event, held Sept. 15-17 in Mont-Tremblant, Quebec, Canada.

The Red Herring editorial team used an intensely competitive process to select the most innovative companies from a pool of over 300, leaving 100 finalists vying for this prestigious award. From that list, finalists were rigidly evaluated on both quantitative and qualitative criteria, such as financial performance, execution of strategy and integration into their ecosystem to determine the 50 winning companies. This unique assessment of potential was measured by a review of the actual track record and standing of a company, allowing 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.

"It is exciting to be among the top companies changing the way business is being conducted on the Internet and social networks," said Roger Mundell, founder and CEO of Udutu. "We have worked hard to provide organizations and individuals across industries access to affordable, cutting-edge corporate training solutions. The Red Herring Top 50 award substantiates that our efforts are paying off."

Companies granted a Red Herring Canada 2008 Top 50 Award must be privately owned, have their headquarters in Canada and have a technology, clean-tech or life sciences focus. In addition, a qualifying company must possess a disruptive technology or process with significant market potential. The list of Top 50 Award winners for 2008 can be found online at

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

About Udutu

Udutu provides web-based course authoring tools that make it easy and affordable for anyone -- whether a department head at a large corporation, professor, teacher or a small business -- to create, deliver and manage effective online training and learning. Based in Victoria, BC, Udutu was formed in 2005 out of several years of academic research. The company's free Web-based tools were designed for knowledge experts rather than technology and multimedia experts, and provide an online collaborative tool that enhances the design process and brings the subject matter specialists closer to course development. Customers include the United Nations Department of Economic & Social Affairs, DelekUS/Mapco, Krystal Food Company, the Government of British Columbia, and many others. For more information, visit

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