| Oversi is a Finalist for the Red Herring 100 Global Award |
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Petach Tikva, Israel - Monday, December 28, 2009 – Oversi announced today it has been selected as a finalist for Red Herring's Global 100 award, a prestigious list honoring the year’s most promising private technology ventures from around the world. The Red Herring editorial team selected the most innovative companies from a pool of 1,200. The nominees are evaluated on both quantitative and qualitative criteria, such as financial performance, technology innovation, quality of management, execution of strategy, and integration into their respective industries.
This unique assessment of potential is complemented by a review of the actual track record and standing of a company, which allows Red Herring to see past the “buzz” and make the list an invaluable instrument for discovering and advocating the greatest business opportunities in the industry. "This year was especially difficult," said Alex Vieux, publisher and CEO of Red Herring. "Despite the global economic situation, there were many great companies producing really innovative and amazing products that we had a difficult time narrowing the pool and selecting the finalists. Now we’re faced with the arduous task of selecting the final 100 winners of the award. We know that this year’s crop will grow into some amazing companies that are sure to go far." Finalists for the 2009 edition of the Red Herring Global 100 award are selected from the regional recipients or finalists of the Red Herring 100 awards in 2007, 2008, or 2009 ranging from Asia, Europe, and North America. For the past three years, the award has been given to the top 100 global technology companies based upon their technological innovation, management strength, market size, investor record, customer acquisition, and financial health. During the several months leading up to the announcement, hundreds of companies in the telecommunications, security, Web 2.0, software, hardware, biotech, and clean tech industries sent in their submissions to qualify for the award. The CEOs of the 200 finalists are invited to present their winning strategies at the Red Herring Global Conference in About Red Herring Red Herring is a global media company uniting 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 view of the global innovation ecosystem, featuring unparalleled insights on the emerging technologies driving the economy. For more information contact Anam Alpenia at:
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About Oversi Oversi offers a breakthrough multi-service platform for accelerating delivery of OTT (over-the-top) content, including Internet video, peer-to-peer (P2P) and other media applications. Oversi’s video cache and P2P cache solutions enable service providers to cope with the huge traffic load on their networks while significantly improving subscribers’ QoE (quality of experience). By assuring QoE, Oversi's solutions open up new monetization opportunities and facilitate the delivery of tiered services, increasing ARPU (average revenue per user). Oversi systems are deployed in service provider sites around the world. The Company has offices and representatives in EMEA, the US, Asia-Pacific and Latin America. For more information, please visit our web site, www.oversi.com, or contact Natalie Chouraqui at
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, Tel: +972-54-4750-889.
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