Strangeloop Networks Inc.

Strangeloop Networks Inc.

April 28, 2008 09:00 ET

Strangeloop Networks Selected as Finalist for Red Herring North America 100 2008 Award

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

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 28, 2008) - Strangeloop Networks ™ Inc., has been selected as a finalist for the Red Herring 100 Award, a selection of the 100 most innovative private technology companies based in North America.

The Red Herring editorial board diligently surveyed the entrepreneurial scene throughout the North American region and identified the top 200 out of more than 800 closely evaluated companies that are leading the next wave of innovation.

"We are delighted to be selected as a finalist for the prestigious Red Herring 100 Award as we believe it further validates the incredible benefit our innovative solutions offer enterprises," said Jonathan Bixby, president and CEO of Strangeloop Networks. "Enterprises are increasingly turning to the dynamic web applications for business critical processes and making huge investments in these solutions, yet they still often run into performance issues. Strangeloop gives them the tools to achieve the greatest return on their investment in IT staff, network and computing resources while greatly improving customer satisfaction and performance."

Strangeloop changes how enterprises develop and deliver dynamic web applications, allowing companies to rapidly create and deliver new applications and extend them to thousands of concurrent users. Strangeloop's solution is the industry's first application acceleration appliance that allows enterprises to boost the performance and scalability of rich, dynamic web applications. Enterprises benefit from orders of magnitude performance improvements, which enhance user experience, customer satisfaction, employee productivity and ultimately the success of the organization.

Strangeloop's target customers range from start-ups to large corporations across all industries, including government institutions, insurance and banking, healthcare, telecommunications and education, among many others, who are using Microsoft's ASP.NET framework for their websites. Aimed at both the large enterprises and the fast-growing small to medium sized IT market, although well served by Microsoft, Strangeloop uniquely addresses application acceleration performance issues that organizations often face.

"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."

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 Strangeloop Networks

The Strangeloop Networks products accelerate dynamic web applications with unique, framework-specific solutions that require minimal changes to software coding and hardware infrastructure, freeing developers to focus on providing enterprises with value-added features. With the Strangeloop AS1000 Application Scaling Appliance for Microsoft ASP.NET and AJAX and the Strangeloop WS1000 Web Services Accelerator, enterprises dramatically shorten code cycles, improve application performance and throughput, more efficiently use bandwidth, achieve greater return on their investment in information technology (IT) staff, network and computing resources and boost customer satisfaction. Strangeloop is based in Vancouver, B.C. For more information, visit www.strangeloopnetworks.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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