Stockholm // 2007-03-29

PacketFront wins Red Herring 100 award

PacketFront, the pioneer in open-access broadband networking, has been selected as a winner at the acclaimed Red Herring 100 Europe awards. The awards, which celebrate the top 100 companies leading the way in technology innovation, were judged by the Red Herring editorial board, following thorough scouring of the entrepreneurial scene throughout the EMEA region.

PacketFront is one of only four companies in Sweden to be recognised as a Red Herring winner this year. It can attribute its success at the awards to its cutting-edge technology and its ground breaking open-access solution, which enables multiple service providers to compete on the same network, giving consumers greater choice and flexibility. The key component in PacketFront's broadband solution is the award-winning BECS control and provisioning system. BECS makes it possible for operators to build and run fully automated broadband networks with self-provisioning capabilities. These capabilities give users the option to choose services for themselves without having to wait for a third party to make the changes.

"We're extremely proud to have been selected as a winner of the Red Herring 100 Europe 2007 awards," said Martin Thunman, CEO of PacketFront. "The award is testament to our ongoing commitment to innovation and is recognition of the success of our solution. Developing advanced broadband networks that enable healthy competition for service providers and increased choice for consumers, has always been our vision, and it's very positive that this vision has been embraced by not only businesses that see its validity, but also by a prestigious body like Red Herring."

"This year's impressive list of winners demonstrates Europe's emergence as a major player in the global technology sector," said Red Herring editor-in-chief, Joel Dreyfuss. "The exceptional accomplishments of European technology companies and entrepreneurs are a testament to the rapid advancements being made in the European innovation ecosystem."

About Red Herring

Red Herring, Inc., founded in 1993, is a media company focused on innovation, technology, financing and entrepreneurial activity. Red Herring has held the top 100 competition since 1996, identifying new and promising technology companies and entrepreneurs, as well as breakthrough technologies for tomorrow.

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