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Nexagent Short-listed as a Finalist for the "Red Herring 100 Europe" Awards
The most-promising technology ventures will be honored at the Venture Market Europe 2006 Conference.
Reading, United Kingdom 15th April 2006 - Red Herring announced that Nexagent Limited has been short-listed as one of the Finalists for its annual "Red Herring 100 Europe" list. Well over 700 privately held technology companies were evaluated for this year’s edition of the prestigious award, giving evidence to the invigorated innovative and entrepreneurial strength of the technology ecosystem. As one of the Finalists, Charlie Muirhead, President and Founder of Nexagent, will join the exclusive Venture Market Europe Conference, May 8-10 in Paris, France, where the technology industry’s most-innovative CEOs, venture financiers, and corporate strategists will gather to meet this next wave of disruptive companies.
High-quality companies
"We can see the resurgence of the tech sector reflected in the quantity and variety of excellent companies that we had to choose from in putting our list together,” said Joel Dreyfuss, Editor-in-Chief of Red Herring. "It was difficult to choose the Finalists and we are very happy with the stellar quality of the companies on this short-list."
"We are thrilled to be in the running for this prestigious award for the second year running", said Royce Murphy, CEO of Nexagent. "This award neatly encapsulates the innovative and entrepreneurial values that drove us to create the Nexagent System - solution delivery technology that provides end-to-end process management and automation to address the demands of the burgeoning $77bn market for Advanced Network Solutions" he continued.
More than just buzz
The "Red Herring 100 Europe" award is an important part of Red Herring's tradition of recognizing new and innovative technology firms and their entrepreneurial founders. Nexagent and the other nominees were rigidly evaluated on both quantitative and qualitative criteria such as financial performance, technology innovation, quality of management, execution of strategy, and integration into their ecosystem. This unique assessment of potential complemented by a review of the actual track record and standing of a company 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.
Bringing together the best
As part of this tradition to honor innovation and entrepreneurship in the business of technology, Red Herring will again host "Venture Market Europe," a two day invitation-only summit for the CEOs and founders of the Red Herring 100 Winners and Finalists in Paris, France. The summit's C-level attendees will convene under the theme "Old World, New Hope: 100 Reasons to Believe in Europe's Innovative Edge." to discuss major trends and opportunities and to forge partnerships, alliances, investments, and M&A activities. Further information regarding the event and how to register is available at http://www.herringevents.com/rhvme06.
About Nexagent
Nexagent automates the delivery of advanced network solutions for the world's leading outsourcers and network service providers.
With enterprises' diverse application demands driving unique network requirements, today network solutions need to be manually designed, delivered and managed. Nexagent's Solution Delivery Automation system has taken the latest business process management techniques and for the first time has automated the delivery of these advanced networked solutions into a single leveraged platform, greatly reducing costs and increasing service quality.
Based on open standards and offering a component based approach; Nexagent's System of software and processes enables managed service providers, systems integrators/outsourcers and virtual network operators to accelerate the creation, provisioning and management of advanced IP services over multiple carrier networks. As well as dramatically reducing time-to-market for new services, Nexagent's customers benefit from increased operational efficiencies, improved productivity and greater service performance - all key to remaining competitive in a crowded marketplace.
Nexagent was founded in 2000 and is a privately owned company, with funding from investors (including Apax Partners, Atlas Venture, Benchmark Capital, Quester Capital, Lago Ventures and iGabriel). Nexagent is headquartered in Reading, United Kingdom.
For further information please go to our web site: www.nexagent.com
About Red Herring
Red Herring is a sophisticated insider's guide to the business of technology, featuring unparalleled insights on the emerging technologies driving the economy, from the Internet to wireless communications and digital entertainment. Red Herring reports on how innovation and entrepreneurship are transforming business and how the business of technology is transforming the world, providing readers with a deep understanding of venture capital and capital markets. Recognized as an essential resource in today's fast-changing business world, Red Herring gets the right answers before anyone else even thinks to ask the questions.
More information on Red Herring is available on the Internet at www.redherring.com.
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