Press Releases

Pactolus Selected by Red Herring for The Red Herring 100 North America 2007

Award Recognizes the 100 “Most Promising” Private Companies Driving
the Future of Technology.

Marlborough, Mass. - April 10, 2007 -

Red Herring today announced that Pactolus Communications Software Corporation is a Finalist for the Red Herring 100 Award, a selection of the 100 private companies based in North America that play a leading role in innovation and technology.

The Red Herring editorial board diligently surveyed the entrepreneurial scene throughout the North American region and identified the top 200 out of more than 800 closely evaluated companies that are leading the next wave of innovation.

Pactolus’ selection was based on the company’s open source initiative and growing market demand for its RapidFLEX Service Creation Environment, an open IP communication services development environment that speeds and simplifies creation of SIP-based, IMS-ready telecom service applications. Enterprises, service providers and integrators use the pallete of more than 400 RapidFLEX objects to cut the time and potentials risks involved in creating feature-rich VoIP services that integrate rich media and usability features. RapidFLEX is deployed in 100+ leading service networks, and is freely available for application development at www.SIPdev.org.

“Reliability, scale, innovation and economics are key criteria for service providers and enterprises migrating to IP-based telecom services, and supported our selection of Pactolus as a finalist. Pactolus is fueling innovation among service providers and enterprises, and exemplifies the quality of exceptional companies that we chose," said Joel Dreyfuss, Editor-in-Chief of Red Herring.

“The Red Herring Top 100 awards are a particularly prestigious acknowledgement of product innovation, growth potential and overall strength. We’re delighted and honored to be selected,” notes Pactolus CEO and Chairman Paul Blondin.

About Pactolus Communications Software

Pactolus Communications Software, ( www.pactolus.com ) is the leading provider of SIP-based enhanced service solutions for converged network infrastructure. The company is the first to bring sophisticated, third-party call control capabilities to SIP-based networks. SIPware Services, the company's suite of applications, enables service providers to deliver advanced voice applications that are versatile and scalable. Pactolus' products are sold directly to carriers and through OEMs that develop media gateways, softswitches, media servers and line side applications. The company is a Powered Partner in Sonus Networks' Open Services Partner Alliance (OSPA). Pactolus is a venture funded, privately held company headquartered in Westborough, Massachusetts.

About Red Herring

Red Herring is a global media company which unites the world’s best high technology innovators, venture investors and business decision makers in a variety of forums: a leading innovation magazine, an online daily technology news service, technology newsletters and major events for technology leaders around the globe. Red Herring provides an insider’s access to the global innovation economy, featuring unparalleled insights on the emerging technologies driving the economy. More information about Red Herring is available on the Internet at www.redherring.com.

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CONTACT:

Red Herring Contact:
Olle Binkhorst
Red Herring, Inc.
Phone: 650-585-3418
Email: obinkhorst@redherring.com