Petach Tikva, Israel, January 19, 2010: Oversi, the global leader in high-performance Internet video and P2P caching solutions, has been named a winner of the Red Herring Global 100 Award. Red Herring presented the Award in recognition of the leading private companies from North America, Europe, and Asia, celebrating these startups’ innovations and technologies across their respective industries.
David Tolub, Oversi’s President & CEO, said: “We are very honored to be named a winner of this prestigious global award and I’m proud of the Oversi team. With expertise, determination and a proven commitment to customers, we’ve succeeded in building one of the leading technology companies worldwide. Thanks to the team, Oversi continues to show rapid growth and innovation with a clear vision of the solutions required for the fast-evolving online video market.”
“Choosing the best out of the previous three years was by no means a small feat,” said Alex Vieux, Publisher and CEO of Red Herring. “After rigorous contemplation and discussion, we narrowed down our list from 1,200 potential companies to 200 finalists. Trying to get it down to 100 companies was a task upon itself. The top 100 companies who were chosen should be extremely proud, the competition was difficult.”
Red Herring’s Global 100 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 Google, Yahoo, Skype, Netscape, Salesforce.com, YouTube, and eBay would change the way we live and work.
Red Herring’s editorial staff evaluated the companies on both quantitative and qualitative criteria, such as 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 an invaluable instrument of discovery and advocacy for the greatest business opportunities from around the world.
Oversi offers a breakthrough multi-service platform for accelerating delivery of OTT (over-the-top) content, including Internet video, peer-to-peer (P2P) and other media applications. Oversi’s video cache and P2P cache solutions enable service providers to cope with the huge traffic load on their networks while significantly improving subscribers’ QoE (quality of experience). By assuring QoE, Oversi's solutions open up new monetization opportunities and facilitate the delivery of tiered services, increasing ARPU (average revenue per user). Oversi systems are deployed in service provider sites around the world. The Company has offices and representatives in EMEA, the US, Asia-Pacific and Latin America. For more information, please visit our web site, www.oversi.com.