NEXAGENT NAMED AS A RECIPIENT OF RED HERRING 100 EUROPE 2005 ACCOLADE

Nexagent selected from more than 600 private companies for criteria including quality of management, execution of strategy, and dedication to research and development

London UK, 12 April 2005 – Nexagent, the market leader in centralised management software and hardware for interconnecting next-generation telecom networks, is a recipient of Red Herring 100 Europe – a selection of the 100 private companies in Europe and Israel that play a leading role in innovation and technology.

“Our list shows that despite obstacles posed by regulations, bureaucracy and tradition, innovation and entrepreneurship continues to thrive in Europe,” said Red Herring editor-in-chief Joel Dreyfuss.

The Red Herring 100 follows two other significant industry awards for Nexagent over the past three months. In December 2004, the company was named a World Economic Forum ‘Technology Pioneer for 2005’ (1 of 29 winners) and in January was included in Tornado100, The Tornado Insider’s list of 100 ‘technology stars’ for 2005.

Red Herring’s lists of top private companies are an important part of the magazine’s tradition of identifying new and innovative technology companies and entrepreneurs. Companies like Google and eBay were spotted in their early days by Red Herring editors as those that would change the way we live and work. This is the first time that Red Herring magazine has compiled a list focused exclusively on the most promising startups in Europe.

Charlie Muirhead, president and founder, Nexagent said: “It’s a great honour for Nexagent to be recognised by the Red Herring among the 100 companies leading innovation and technology in Europe. We feel confident about the company’s continued growth during 2005 and look forward to announcing our new carrier and systems integrator customers that are preparing to roll-out exciting projects with Nexagent technology.”

Red Herring’s editorial staff rigorously evaluated more than 600 private companies through a careful analysis of financial data and subjective criteria, including quality of management, execution of strategy, and dedication to research and development.

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About Nexagent

Nexagent is the pioneer and market leader in centralised management software and hardware for interconnecting next-generation telecom networks. Based on open standards and offering a component based approach, Nexagent’s software and hardware enables carriers and systems integrators to automate and 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. For more information, visit Nexagent’s website at: www.nexagent.com

About Red Herring

Red Herring, Inc., founded in 1993, is a media company whose mission is to cover innovation, technology, financing and entrepreneurial activity. Its staff of award-winning journalists tell readers what's first, what matters and most importantly, why.

Red Herring is dedicated to thorough research, relevant metrics deep financial analysis, in-depth reporting, crisp writing and thoughtful debate. We are a skeptical, intelligent and trustworthy source of information in technology business. Our primary obligation is to provide the most relevant, honest and independent information and analysis to our audience, with the conviction that an exceptional editorial product is the best catalyst for success and the best way to serve our advertisers and investors. Our content is original, compelling and actionable for industry executives and entrepreneurs.

A privately held company, Red Herring, Inc. is headquartered in Belmont, California. For more information visit www.redherring.com

Contacts

For Nexagent:

Kate Ainsworth
Email: kate.ainsworth@b1.com
Tel: + 44 (0) 207 349 2324

Rebecca Arnold (Charlie Muirhead)
Email: cmuirhead@nexagent.com