SOURCE: Serus Corporation

May 16, 2008 13:45 ET

Serus Honored as Red Herring 100 North America Winner

Serus' IOM Solution Recognized Once Again by the Broader Technology Community

MOUNTAIN VIEW, CA--(Marketwire - May 16, 2008) - Serus Corporation, a global provider of technology and managed services for companies with distributed or outsourced manufacturing operations, has been named to the Red Herring 100 North America. The list identifies fast growing companies that will lead the next wave of disruptive technology innovation. Serus was included in this group of industry innovators in recognition that its Intelligent Operations Management (IOM) solution is essential in conquering the challenges of global outsourced manufacturing.

Past award winners include Google, Yahoo!, Skype, Netscape, SalesForce.com and YouTube. This year's Red Herring 100 North America was chosen from thousands of applicants. For Serus, the award joins several other recent honors, including the seventh spot on Deloitte & Touche's 2007 ranking of the 50 fastest growing technology companies in Silicon Valley.

Serus IOM is an end-to-end solution which provides a knowledge base for unparalleled visibility and real-time decision making that leads to the finest quality products and tightest manufacturing controls available in today's complex outsourced manufacturing environments.

"We are thrilled to accept this prestigious honor," said Indu Navar, founder and CEO, Serus Corporation. "The exponentially increasing complexities of outsourced manufacturing are now beginning to be realized across the entire ecosystem and we are excited to be at the forefront. Serus continues to gain validation from industry leaders such as AMD, Cisco and Flextronics for our IOM suite, which is improving global inventory visibility and control."

"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 winning list together," said Joel Dreyfuss, editor-in-chief of Red Herring. "It was tough to choose just 100 winners from such a large list of excellent contenders, and we are very happy with the quality of the companies we selected as winners."

The Red Herring 100 North America was announced at the May 12-14 Red Herring North America conference in San Jose, California. Executives from the winning companies presented their innovative ideas and technologies to an audience of leading entrepreneurs, financiers, and corporate strategists. This year's Red Herring 100 North America event marked the 11th anniversary of the Red Herring 100 Awards.

Intelligent Operations Management (IOM)

IOM is an emerging, high-growth market category. The category provides control, accountability and visibility into all of the participants in the value chain, enabling faster informed decisions, raising overall customer service levels and leading to significant operational and financial benefits. IDC/Manufacturing Insights recently released a white paper that defines and articulates the value of the IOM category. AMD, Cisco and Flextronics, among others, are benefiting from successful deployments with proven returns.

Central to the category of IOM is the idea that only half of mission-critical data resides within a business' own four walls. The remaining half is held by partners, customers, suppliers and incorporated into the public domain. Serus streamlines and accelerates this dataflow process by providing multiple data source integration and improving inventory visibility and end-to-end process collaboration across the global value chain.

About Serus Corporation

Serus Corporation is a global provider of technology and managed services for companies with distributed or outsourced manufacturing operations. Founded in 2001, Serus' solutions complement a company's existing IT investments with tools and services that synchronize business and manufacturing operations, helping accelerate corporate performance from product design to corporate profitability. Serus draws upon deep industry experience and knowledge to increase supply chain velocity and empower efficient decision-making across a global network of partners and customers. Based in Mountain View, Calif., Serus' customers include companies such as AMD, Cisco and Flextronics, as well as others in the fabless semiconductor and high-technology manufacturing markets. For more information, please visit www.serus.com.

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.

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