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04-16-2001 09:31:58 AM Cereva Networks Named to the Red Herring 100; Recognized by Red Herring Editors for Innovation and Business Strategy
Business/Technology Editors
MARLBOROUGH, Mass.--(BUSINESS WIRE)--April 16, 2001--Cereva
Networks Inc., the leader in Internet Storage solutions, has been
named to the Red Herring 100. Selected by the editors of Red Herring,
the leading magazine of business technology and innovation, the list
features the top 100 public and private companies that represent the
future - the latest trends, the hottest sectors and the leading
markets.
"We are thrilled and honored to be recognized by Red Herring,"
said Alan Lutz, president and CEO of Cereva. "Being named one of the
top 50 private companies in the country is not only a major milestone
in the evolution of our company, but also a resounding tribute to the
dedication of our employees."
Cereva Developing Revolutionary Internet Storage Systems
Cereva is developing a revolutionary storage architecture
purpose-built for the unique needs of Internet data centers. Combining
massively scalable storage, fault-tolerant computing and high-speed
networking in a single, flexible system, the solution will enable
Internet data centers, such as those managed by Web hosting companies,
large content providers and service providers, to greatly accelerate
Web-content delivery, reduce infrastructure and operating costs, and
significantly improve profitability.
Today, Internet data centers are challenged by continuous,
unpredictable subscriber growth, spikes in traffic, content diversity
and infrastructure and management complexity. This has resulted, in
part, from trying to retrofit enterprise storage systems to support
Internet applications. Cereva's product will converge such
technologies and protocols as SAN, NAS and native HTTP and FTP,
together with streaming media and other content-distribution
capabilities, in a single, modular, massively scalable platform - all
specifically developed to address these unique challenges.
Red Herring 100 List Recognized as Top Honor
In its fifth year, the annual Red Herring 100 has become the most
revered list of its kind. The editors of Red Herring compile the list
from the same qualitative insights used by venture capitalists and
investment bankers - insights that predict a company's ability to
overturn existing markets or create entirely new ones. Whatever the
state of public and private equity markets, these companies will
matter.
The list, featured in the May 2001 issue and on Red Herring's
website, www.redherring.com, includes highly relevant information
including the company's strategy, execution, products and services,
brand, finances and competition. Joining the world's most influential
thought leaders in finance, technology and business innovation, the
Red Herring 100 will be recognized at Venture 2001, Red Herring's
annual invitation-only summit to be held April 29 through May 1, 2001
at the Resort at Squaw Creek, Lake Tahoe, CA. For more information
regarding Venture 2001, please visit www.redherring.com/events.
About Cereva
Cereva Networks(TM) Inc., founded in 1998, is delivering the
industry's first Internet Storage system to enable Web content and
service providers to accelerate content delivery while simplifying
their infrastructures and scaling capacity and transaction performance
well beyond existing capabilities. Headquartered in Marlborough,
Massachusetts, Cereva currently employs more than 250 people. To date,
Cereva has received nearly $110 million in financing from such
investors as Matrix Partners, North Bridge Venture Partners, Oak
Investment Partners, Goldman Sachs (NYSE: GS), Intel Corporation
(NASDAQ: INTC), Global Crossing Ventures, Inc., Worldview Technology
Partners, Comdisco Ventures (NYSE: CDO), and Sumitomo Corporation. For
more information, visit Cereva's Web site at www.cereva.com |
