Stockholm, Sweden - May 18, 2010 - Xelerated announced today it has been selected as a finalist for Red Herring's Europe 100 award, a prestigious list honoring the year's most promising private technology ventures from the world European business region.
The Red Herring editorial team selected the most innovative companies from a pool of hundreds from across Europe. 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 assessment 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. Xelerated shows great promise therefore deserves to be among the Finalists. Now we're faced with the difficult task of selecting the Top 100 winners of Red Herring Europe award. We know that this year's crop will grow into some amazing companies that are sure to go far."
Finalists for the 2010 edition of the Red Herring 100 Europe award are selected 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.
"We are honored to be named as a finalist for such a prestigious award," said Thomas Axelsson, CEO of Xelerated. "This accomplishment speaks to our strong team of established, yet forward-thinking professionals who continue to strive to develop the fastest and most efficient networking chipsets for the Carrier Ethernet and Unified Fiber Access markets today."
The Finalists are invited to present their winning strategies at the Red Herring Europe Conference in Paris, May 25-27, 2010. The Top 100 winners will be announced at a special awards ceremony on May 27 at the event.
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 Santa Clara, Stockholm, Tel Aviv and Beijing. For more information, please visit or join in the discussion by reading our blog, Xelerated Xpress at http://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