SOURCE: Midokura

Midokura

May 01, 2013 09:01 ET

Midokura Selected by AlwaysOn as an OnDemand Top 100 Award Winner

Recognized for Creating New Opportunities in On-Demand Software, Cloud Computing and SaaS

SAN FRANCISCO, CA--(Marketwired - May 1, 2013) - Midokura, a global startup focused on network virtualization, today announced that it has been selected by AlwaysOn as one of the OnDemand Top 100 award winners. Inclusion in the OnDemand 100 signifies leadership amongst peers and game-changing approaches and technologies that are likely to disrupt existing markets and entrenched players. Midokura was specially selected by the AlwaysOn editorial team and industry experts spanning the globe based on a set of five criteria: innovation, market potential, commercialization, stakeholder value, and media buzz.

Midokura's flagship product, MidoNet, virtualizes the network stack for cloud platforms, such as OpenStack. MidoNet is a distributed, decentralized, multi-layer software-defined virtual network solution specifically designed for Infrastructure as a Service (IaaS). Midokura's approach not only adds automation that significantly reduces the human cost (OPEX) of managing the network, but also impacts the overall economics of cloud computing (CAPEX) by simplifying network requirements.

Midokura and the OnDemand Top 100 companies will be honored at AlwaysOn's OnDemand event on May 20th, 2013, at Hewlett-Packard's Executive Briefing Center in Palo Alto, CA.

This two-day exclusive event treats attendees to a high-level debate and discourse on top trends and opportunities in the SaaS, cloud, on-demand, and mobile enterprise sectors.

"The world of the cloud is beginning to live up to its promise of expanding and enhancing almost every sector of the technology world. Public, private, and hybrid, the cloud infrastructure companies that can provide the most robust, always-on performance are the ones that are propelling us into a completely new digital age," says Tony Perkins, founder and editor of AlwaysOn. "This year's OnDemand 100 winners represent the companies that are not only providing the space to develop daring, indispensible applications for a growing and increasingly mobile universe, they're making sure that everyone has their information, data, media, and apps whenever and wherever they happen to be. The innovations these companies are developing goes beyond consumer, beyond business enterprise -- it's the future, in the palm of your hand, on your desktop, in your car. The on-demand paradigm is computing, and the Global Silicon Valley has never been more ready to take on its challenge."

The OnDemand 100 winners were selected from among hundreds of other technology companies nominated by investors, bankers, journalists, and industry insiders. The AlwaysOn editorial team conducted a rigorous three-month selection process to finalize the 2013 list.

"It's wonderful to see the network virtualization innovation that we've brought to market is already being recognized by the industry. We are honored to be chosen by AlwaysOn as an OnDemand 100 award winner and look forward to continuing to innovate in alignment with our customers' expanding needs," said Dan Dumitriu, CEO of Midokura.

A full list of all the OnDemand Top 100 award winners can be found on the AlwaysOn website at: http://aonetwork.com/announcing-the-2013-ondemand-100-top-private-companies/

About Midokura
Midokura is a global startup focused on network virtualization. Founded in 2010, the team has a pedigree including Amazon and Google, and has spent more than two years building MidoNet, a complete overlay network virtualization solution that integrates with cloud platforms such as OpenStack. Midokura has offices in San Francisco, Tokyo, Lausanne and Barcelona, and is on the web at http://www.midokura.com.

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About AlwaysOn
AlwaysOn is the leading business media brand connecting and informing the entrepreneurial community in the Global Silicon Valley. Founded by Red Herring founding editor Tony Perkins in 2003, AlwaysOn's mission is to continue to lead the industry by empowering its readers, event participants, sponsors, bloggers, and advertisers like no other media brand.

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