SOURCE: Njini

March 21, 2007 15:08 ET

Njini Selected for the Red Herring 100 Europe 2007

Award Recognises the 100 "Most Promising" Companies Driving the Future of Technology

CANNES, FRANCE -- (MARKET WIRE) -- March 21, 2007 -- Red Herring today announced that Njini Inc is a recipient of Red Herring 100 Europe, an award given to the top 100 private technology companies based in the EMEA (Europe, Middle East and Africa) region each year.

"This year's impressive list of winners demonstrates Europe's emergence as a major player in the global technology sector," said Red Herring Editor-in-Chief, Joel Dreyfuss. "The exceptional accomplishments of European technology companies and entrepreneurs are a testament to the rapid advancements being made in building the European innovation ecosystem."

David Jones, CEO at Njini, comments: "Our team can be very proud of Red Herring's recognition of the innovative nature of Njini's software. The efforts from the development team over the past few years have paid off and we look forward to continuing our progress and delivering solutions that solve our customer's changing information management challenges."

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

Red Herring's editorial staff rigorously evaluated more than 700 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.

To honor the CEOs of Red Herring 100 Europe companies, Red Herring has invited each CEO to present his or her company at its Venture Market Europe (VME) 2007 event. Scheduled for March 25-27, at the Intercontinental Carlton, this intimate, three-day event is themed "The Pursuit of Disruption" and will explore how European firms are leading the charge in many technology sectors, gaining the competitive advantage, and driving entrepreneurial success in ways that create business opportunities for challengers and incumbents alike.

About Red Herring

Red Herring is a global media company which unites 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. More information about Red Herring is available on the Internet at www.redherring.com.

About Njini

Coping with the ever-increasing influx of data is one of the biggest challenges facing corporations today. Njini solves this problem through Information Asset Management. Information Asset Management automatically tags files with business relevant information in real-time and automates file management to significantly reduce the cost of storage and improve information security, integrity and compliance.

Founded in 2003, by Phil Tee and Mike Swoboda, successful serial entrepreneurs, Njini is headquartered in London with operations in the US and Europe and backed by venture capitalists Accel Partners, Add Partners and Intel Capital. With a combined experience of over 100 years in the storage, networking and systems management industries, the Njini management team brings intensive business and technical know-how to bear on this revolutionary new IT category.

Contact Information