Red Herring today announced that cVidya Networks is a recipient of Red Herring 100 Europe, a selection of the 100 private companies based in the EMEA region that play a leading role in innovation and technology. “Market obstacles remain but our list shows that great companies are being created in Europe,” said Red Herring editor-in-chief Joel Dreyfuss.

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, eBay and Skype were spotted in their early days by Red Herring editors as those that would change the way we live and work.

Red Herring’s editorial staff rigorously evaluated more than 700 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.

To honor the CEOs of Red Herring 100 Europe companies, Red Herring has invited each CEO to present his or her company at its Venture Market Europe 2006 conference, a forum for technology’s most exciting companies to share their insights on the future of innovation and the entrepreneurial journey. Scheduled for May 8-10, at the Westin Paris, this intimate, three-day conference will explore the trends, technologies and people affecting the IT sphere in the EMEA region. Last year’s optimistic outlook has been revisited and reflected in the 2006 theme “Old World, New Hope – 100 Reasons to Believe in Europe’s Innovative Edge.”

“It is an honor to be included in the Red Herring 100 Europe. This prestigious award is perceived as a benchmark for innovation and quality within the technology and telecommunications industries,” said Alon Aginsky, CEO of cVidya Networks. “cVidya has experienced tremendous growth in the past year. Our leadership in the revenue assurance arena has shown itself with a major deal with Cable & Wireless as well as with our industry leadership in the TeleManagement Forum (TMF) –where we participate in standard setting and numerous catalyst projects for the communications sector. Additionally, our Chief Scientist, Dr. Gadi Solotorevsky was recently elected to the TMF’s Advisory Board of Directors. We consider it a major achievement to have cVidya Networks recognized by Red Herring.”

About cVidya Networks
cVidya Networks is a global leader of Telecom Data Integrity and Revenue Assurance Systems. cVidya provides comprehensive and innovative Revenue Assurance product based solutions, that assist fixed, mobile, and triple-play communication service providers (CSPs) to continuously improve their bottom line results. cVidya’s innovative and generic product, MoneyMap®, provides a unified platform for implementing Data Integrity, Risk Management and Process aware Revenue Assurance solutions within legacy and new network architectures. cVidya’s solution and exceptional professional services has a proven track record of rapid ROI at major operators, among which are Cable & Wireless, Telecom Italia and Bezeq. cVidya has offices in Europe, APAC and Israel. For more information visit http://www.cvidya.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