Stockholm // 2003-05-14

PacketFront listed as one of Europe´s Top 100 start-ups

PacketFront was recently named in the third annual Tornado100 list as one of Europe’s top emerging private tech companies. PacketFront, headquartered in Stockholm, was founded in 2001 and specializes in purpose-built solutions for True Broadband Networks.

"We are very pleased that our efforts have been recognized by Tornado Insider," said Martin Thunman, CEO of PacketFront. "We have a great team who has developed a wonderful product and we are proud to be recognized and one of the Tornado Inside Top 100 start-ups in Europe."

The list, which will be detailed in the May issue of Tornado Insider magazine, will profile PacketFront and the other 99 most promising and innovative emerging companies in the European IT and biotech sectors.

"These companies are Europe’s elite," says Timothy Weeks, Tornado Insider’s Senior Research Analyst. "While much of the tech world continues to struggle, these entrepreneurial vanguards are busy catalyzing the future."

The selection of PacketFront and the rest of the Tornado100 was narrowed from thousands of candidates and judged by the following criteria:
• Delivering an innovation that shows the promise of setting new standards.
• Introducing a major new audience.
• Supplying a key piece of the ICT infrastructure.
• Commanding a significant customer base.
• Having the potential to become a global brand or standard.
• Influencing a major market.
• Receiving a significant amount of funding.
• Having a strong valuation for a lucrative exit.

Although the list reflects startups and sectors in different stages of maturity, the Tornado 100 selection criteria favored companies that have clearly demonstrated that the technology they are commercializing today will change the way things are done tomorrow.

About TORNADO INSIDER MEDIA
Tornado Insider was founded in late 1998 as the first media company serving the new pan-European technology industry, providing entrepreneurs, investors, service providers and other participants with the information they need to succeed in Europe’s high-tech economy. By connecting all the relevant players across industry and geographic boundaries through a rich mixture of news, analysis, research, videography and conferences, Tornado Insider plays a vital role in helping Europe’s entrepreneurs and investors build great companies. Tornado Insider provides industry watchers around the world with a single-source, pan-European view of high-tech Europe featuring primary research, editorial coverage and events.