MANCHESTER, England, and BEAVERTON, Ore. — June 1, 2010 — Virtensys™, Ltd, a leader in next-generation I/O solutions for data centers, today announced that it has been selected as a Red Herring Top 100 Europe Tech Startup. The Red Herring Top 100 award recognizes the leading private companies from Europe, celebrating the startups' innovations and technologies across their respective industries.
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.
"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 Virtensys embodies the vision, drive and innovation that define a successful entrepreneurial venture. Virtensys should be proud of its accomplishment, as the competition was very strong."
"We are extremely pleased to be among the top 100 companies recognized by Red Herring in Europe," said Ahmet Houssein, president and CEO at Virtensys. "We announced the general availability of our I/O virtualization switches at the end of last year, and, since then, we have seen strong demand from OEMs and end-users. Customers can deploy our switches immediately and in a non-disruptive way, allowing them to tackle I/O problems in their data centers and dramatically reduce costs, power consumption and management complexity."
Red Herring's editorial staff evaluated the companies on both quantitative and qualitative criteria, including 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 startups 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.
About Virtensys Ltd
Virtensys develops industry-leading, patented PCI Express®-based I/O virtualization technologies for servers and storage platforms, revolutionizing the way I/O infrastructures are deployed and used in data centers, and delivering significant improvements in I/O utilization, cost, performance, power consumption, and management. The deployment of the IOV switches is totally non-disruptive and dramatically reduces IT complexity and expenses. The company was founded in December 2005 by leading technologists in the fields of high-performance switching, networking, and systems design, and is backed by several premier technology venture capital firms. For more information, visit www.virtensys.com
The Virtensys name and logo are trademarks of Virtensys, Ltd. All other trademarks are the property of their respective owners.
