Stockholm // 2005-01-26

PacketFront again named among Europe’s top 100 private tech companies

PacketFront has been selected as one of the best-performing and innovative high-tech private companies of Europe and Israel in the fourth annual Tornado100 list. PacketFront, the world leader in open access fibre-to-the-home (FTTH) technology and next generation broadband aggregation, was founded in 2001 and was also given the award in 2003.

"We are very honoured to yet again be listed among Europe’s top 100 private high-tech companies," said Martin Thunman, CEO of PacketFront. "The award acknowledges the fact that our top-quality team and products has put us at the vanguard of solutions for broadband networks. 2004 was a fantastic year for PacketFront and we are very pleased to receive this recognition."

The 2004 Tornado100 list can be found on the website of Tornado Insider (www.tornado-insider.com), and includes a profile of PacketFront and the other 99 most promising and innovative emerging companies in the European IT and biotech sectors.

"The companies Tornado Insider selected are Europe’s technology stars," said Niels Valkering, Tornado Insider’s Head of Research. "Combining internal analysis with advice from industry specialists, we identified the elite of Europe’s high-tech entrepreneurial vanguard, appreciating excellence both in innovative, commercial and financial performance. Watch these companies in 2005, as the technology they are commercialising today will change tomorrow’s trends."

The selection of the 2004 Tornado100 Winners from thousands of candidates was judged according to the following criteria:
- Delivering an innovation that shows the promise to set new standards
- Creating 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
- Having a management with previous successful exit experience

The list was announced during the Tornado Insider/World Financial Symposiums T100 Leadership Forum. This event took place the 26th of January, 2005 in London and was a gathering of technology CEOs and CFOs eager to gain insights on how to lead their enterprise and their careers to more effective and positive outcomes.