SOURCE: PeerApp Ltd.

May 20, 2008 11:10 ET

PeerApp Ltd. Named 2008 Red Herring 100 North America Winner

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

NEWTON, MA--(Marketwire - May 20, 2008) - PeerApp Ltd., the leader in intelligent media caching and content acceleration, today announced its selection as a Red Herring 100 Award winner, which honors the 100 most innovative private technology companies in North America. PeerApp joins an impressive community of previous winners, such as Google and eBay, that were spotted in their early days by Red Herring editors, and heralded as leaders that would change the way we live and work.

The Red Herring editorial staff selected PeerApp as one of 100 winners after rigorously evaluating more than 800 private companies. Nominees were closely evaluated on both quantitative and qualitative criteria such as financial performance, technology innovation, quality of management, execution of strategy, and integration into their ecosystems.

"Having received more than 800 submissions, it is clear that we are witnessing a new outburst of creativity," said Joel Dreyfuss, Editor-in-Chief of Red Herring. "With venture capital flowing again, it's exciting to see technology innovators and business investors collaborate to create disruptive technologies. The Red Herring 100 North America companies are impressive up-and-comers, and definitely the ones to watch."

The 100 winning companies were announced last week at the Red Herring North America event in San Jose, California.

"It's an honor to be named a Red Herring 100 winner, as it recognizes our success at helping evolve the Internet into a robust platform for delivering multimedia content," said Robert Mayer, PeerApp's chairman and CEO. "Our technology enables Internet Service Providers to deliver video and other multimedia to consumers with a great customer experience -- without investing in expensive network upgrades. This benefits everyone in the emerging Video Internet value chain: ISPs, content providers and consumers."

About PeerApp Ltd.

PeerApp (www.peerapp.com) is the technology innovator and leading provider of solutions that help ISPs worldwide manage P2P and HTTP video traffic to improve network efficiency while enhancing subscribers' quality of experience. Based on patented P2P caching and acceleration technology, PeerApp solutions help ISPs create unique competitive advantage, sustain network growth, and build new revenue streams from broadband media delivery. Millions of broadband subscribers around the world receive high-quality video and other digital media through PeerApp systems.

Contact Information

  • Contact:
    Mark Strangio
    PeerApp Ltd.
    Email Contact
    +1-617-795-0977 x116