SOURCE: Pano Logic

May 05, 2008 09:30 ET

Pano Logic Selected as Finalist for the 2008 Red Herring North America 100 Awards

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

MENLO PARK, CA--(Marketwire - May 5, 2008) - Pano Logic™, developer of a server-based virtualized desktop solution, today announced that the company has been selected as a finalist for the Red Herring 100, a selection of the 100 most innovative private technology companies based in North America. The Red Herring editorial board identified the top 200 from out of more than 800 closely evaluated companies that are leading the next wave of innovation.

"We can see the exciting evolution of the technology sector reflected in the quality and variety of exceptional companies that we had to choose from in putting our list together," said Joel Dreyfuss, editor-in-chief of Red Herring." It was tough to choose just 200 finalists from such a large list of excellent contenders, and we are very happy with the quality of the companies we selected as finalists."

Launched in August 2007, Pano Logic reinvents desktop computing by leveraging industry-standard hypervisor technology which enables a totally new approach to the traditional PC-centric desktop architecture by creating the first all hardware, no software desktop virtualization architecture. The Pano Logic solution provides a superior end-user desktop experience with the benefits of: unified client management capabilities; simplified client set-up; empowered end users with access to easy self-help; support for the latest OS capabilities with minimal client intelligence; and a far lower total cost of ownership.

"Pano Logic delivers an innovative desktop virtualization architecture, that will change the way IT and organizations think not only about client computing, but about the desktop," said Nick Gault, CEO of Pano Logic. "We are honored to be recognized for our accomplishments toward this goal, and be selected as a finalist for the Red Herring 100."

The 100 winning companies will be announced at the Red Herring North America event. The CEOs of the winning startups will present their innovative ideas and technologies to an audience of leading entrepreneurs, financiers, and corporate strategists at the event in San Jose, California, on May 12-14 at the Fairmont. This year's Red Herring 100 North America event marks the 11th anniversary of the Red Herring 100 Awards. In celebration, the event will feature keynote addresses from legendary VC investors and CEOs of leading Internet, information, and communications companies. Register online at: http://herringevents.com/northamerica08/index.html

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 Pano Logic

Founded in 2006, Pano Logic develops virtualization-based software and hardware solutions that deliver superior desktop computing. The company is privately held, and backed by leading investment firms ComVentures, Foundation Capital and Goldman Sachs. Pano Logic is headquartered in Menlo Park, California and has an office in Toronto, Canada. For more information about Pano Logic, visit www.panologic.com.

Contact Information

  • Pano Logic contact:
    Heather Fitzsimmons
    Mindshare PR
    650-947-7400
    Email: Email Contact

    Red Herring contact:
    Anam Alpenia
    Red Herring, Inc.
    Phone: 650-428-2900
    Email: Email Contact