With its highly-efficient, wirespeed dataflow architecture, Xelerated is one of the most promising private technology companies in Europe
Stockholm, Sweden - June 7, 2010 - Xelerated announced today it has been named a winner of Red Herring's prestigious Europe 100 Award, an award given to the top 100 private technology ventures based in the EMEA (Europe, Middle East and Africa) region each year.
Carriers today increasingly demand bandwidth-intensive applications, raising bandwidth requirements to 100+ Gbps. To service customers, carriers require reliable performance from their networks. Xelerated is honored by Red Herring for addressing this demand with its highly-efficient, wirespeed dataflow architecture. This provides carriers in the Carrier Ethernet and emerging Unified Fiber Access markets with a high-speed and flexible programming model, faster connection speeds and the ability to process more services within a single chip.
"Choosing the companies with the strongest potential was by no means a small feat," said Alex Vieux, publisher and CEO of Red Herring. "After rigorous contemplation and discussion, we narrowed our list down from hundreds of candidates from across Europe to the Top 100 Winners. We believe Xelerated embodies the vision, drive and innovation that define a successful entrepreneurial venture. Xelerated should be proud of its accomplishment, as the competition was very strong."
Red Herring's editorial staff evaluated the companies on both quantitative and qualitative criteria, such as financial performance, technology innovation, management quality, strategy, and market penetration. This assessment of potential is complemented by a review of the track record and standing of companies relative to their sector peers, allowing Red Herring to see past the "buzz" and make the list a valuable instrument of discovery and advocacy for the most promising new business models in Europe.
"We feel privileged to be chosen as a winner of this prestigious award, and we extend our sincere congratulations to all of the other honorees," said Thomas Axelsson, CEO of Xelerated. "This recognition supports our leading position in the Carrier Ethernet and Unified Fiber Access markets. We look forward to continue serving these markets by offering carrier customers greater broadband services, which they increasingly demand, at a lower cost."
Red Herring's Top 100 Europe list has become a mark of distinction for identifying promising new companies and entrepreneurs. Red Herring editors were among the first to recognize that companies such as Facebook, Twitter, Google, Yahoo, Skype, Salesforce.com, YouTube, and eBay would change the way we live and work.
To learn more, please visit www.xelerated.com.
About Red Herring
Red Herring is a global media enterprise that provides a network for the world's foremost developers, investors and economic decision makers through various platforms: a market-leading magazine presenting new developments, daily online news from the hi-tech sector, newsletters, and major events for executive managers from all over the world. Red Herring offers insider knowledge regarding the global innovation economy, with a unique outlook on up-and-coming technologies. For further information, please visit www.redherring.com.
About Xelerated
Xelerated is the global leader in network processing and programmable Ethernet switching solutions for the design of Carrier Ethernet, Unified Fiber Access and Mobile Backhaul platforms. Through efficient and flexible network processing, Xelerated's products solve one of the greatest challenges in the networking and service provider industries: extending equipment lifetimes.
Xelerated's network processors and programmable Ethernet switches are based on its unique, patented, Dataflow Architecture, which inherently provide wirespeed performance. For network equipment vendors, this translates to reduced research and development costs, minimized risk and accelerated time-to-market. Xelerated's technology is deployed by eight out of ten of the world's largest Carrier Ethernet vendors.
An award-winning company, in 2009 Xelerated was recognized by the Global Semiconductor Alliance as a winner of the Outstanding Financial Performance by a Private Semiconductor Company.
The company has offices in Stockholm, Santa Clara, Tel Aviv and Beijing. For more information, please visit www.xelerated.com or join in the discussion by reading our blog, Xelerated Xpress at blog.xelerated.com.
Press Contacts:
Brianna Schweitzer
Vantage Communications for Xelerated
Office: +1 843 576 4139
Mobile: +1 407 924 4497
bschweitzer@pr-vantage.com
Elisabet Järstrand
Director Market Communications
Xelerated AB
Office: +46 8 506 257 30
Mobile: +46 739 61 28 10
elisabet.jarstrand@xelerated.com