SOURCE: Silver Peak Systems

May 02, 2007 09:00 ET

Red Herring Names Silver Peak a Winner of the Red Herring 100 Spring 2007 Award

Award Recognizes Silver Peak's Role in Driving the Future of WAN Acceleration Technology

SAN FRANCISCO, CA -- (MARKET WIRE) -- May 2, 2007 -- Silver Peak Systems (www.silver-peak.com) today announced that the editors of Red Herring magazine named the company a winner of the Red Herring 100 Spring 2007 award, an award given to the top 100 private technology companies based in North America. Silver Peak was selected by the editors of Red Herring based on the positive impact that the company's scalable Wide Area Network (WAN) acceleration solution has on enterprise networks. By improving the performance and reliability of data replication, backup, disaster recovery and other key business applications, Silver Peak plays an important role in strategic IT initiatives, including business continuity, server centralization and virtualization.

"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."

Red Herring's annual list of top private companies is 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 800 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.

This is the second consecutive year that Red Herring editors have honored Silver Peak. In the last year, the company has been recognized by more than 10 industry outlets, making it the most distinguished private company in the WAN acceleration space. Specific distinctions include:

--  Silver Peak named "2006 Top 10 Startup to Watch" by Network World
    magazine
--  Silver Peak Selected as a top private company in the Always-On AO100
    award
--  Byte and Switch declared Silver Peak a "Top 10 Company to Watch" in
    the storage space
--  Storage magazine and searchstorage.com shortlisted Silver Peak's NX
    appliances as "Storage Product of the Year"
--  Silver Peak won Techworld's "Acceleration Product of the Year"
--  Computing Magazine selected Silver Peak as a finalist for "Networking
    and Communications Supplier of the Year"
--  Silver Peak NX appliances earned the Editor's Choice award in IT Week
    magazine
    
To honor the CEOs of Red Herring 100 Spring companies, Red Herring has invited each one to present his or her company at its Red Herring Spring 2007 event, May 1-3, at the Hyatt Regency in Monterey. As the venue for the unveiling of the Top 100 private companies in North America, Red Herring Spring draws unparalleled attention from decision makers and industry observers across the continent. This year marks the 10th anniversary of the Red Herring 100 Awards. To celebrate this occasion, Red Herring 100 winners will share their successes and insights on how to make it to the top.

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 Silver Peak Systems, Inc.

Silver Peak improves backup, replication and recovery between data centers and facilitates branch office server and storage centralization by improving application performance across the Wide Area Network (WAN). The company's award-winning NX appliances deliver exceptional performance improvements with unprecedented security and scalability across all enterprise applications, including data replication, backup, file transfers, email, web and real-time applications such as Citrix and VoIP. For more information, visit http://www.silver-peak.com/infocenter

NOTE: Silver Peak Systems, the Silver Peak logo, Network Memory and Silver Peak NX Series are trademarks of Silver Peak Systems, Inc.

Contact Information