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The most-promising technology ventures will be honored at the Venture Market Europe 2006 Conference
 Netanya, Israel - Red Herring announced that Discretix has been short-listed as one of the Finalists for its annual "Red Herring 100 Europe" list. Well over 700 privately held technology companies were evaluated for this year's edition of the prestigious award, giving evidence to the invigorated innovative and entrepreneurial strength of the technology ecosystem. As one of the Finalists, Gal Salomon, CEO of Discretix, will join the exclusive Venture Market Europe Conference, May 8- 10 in Paris, France, where the technology industry's most-innovative CEOs, venture financiers, and corporate strategists will gather to meet this next wave of disruptive companies.
High-quality companies
"We can see the resurgence of the tech sector reflected in the quantity and variety of excellent companies that we had to choose from in putting our list together," said Joel Dreyfuss, Editor-in-Chief of Red Herring. "It was difficult to choose the Finalists and we are very happy with the stellar quality of the companies on this short-list."
As the data capability and storage capacity of mobile devices advances, robust security becomes essential. Security protects devices from theft and fraud while at the same time enabling Digital Rights Management, commerce and enterprise applications. "Ranked by Gartner as the largest vendor of encryption intellectual property in 2004, Discretix's large installed base in both mobile devices and flash memory places it in a unique position to capture the lion's share of mobile security applications", said Gal Salomon, CEO of Discretix.
More than just buzz
The "Red Herring 100 Europe" award is an important part of Red Herring's tradition of recognizing new and innovative technology firms and their entrepreneurial founders. Discretix and the other nominees were rigidly evaluated on both quantitative and qualitative criteria such as financial performance, technology innovation, quality of management, execution of strategy, and integration into their ecosystem. This unique assessment of potential complemented by a review of the actual track record and standing of a company allows Red Herring to see past the "buzz" and make the list an invaluable instrument for discovering and advocating the greatest business opportunities in the industry.
Bringing together the best
As part of this tradition to honor innovation and entrepreneurship in the business of technology, Red Herring will again host "Venture Market Europe," a two day invitation-only summit for the CEOs and founders of the Red Herring 100 Winners and Finalists in Paris, France. The summit's C-level attendees will convene under the theme " Old World, New Hope: 100 Reasons to Believe in Europe's Innovative Edge." to discuss major trends and opportunities and to forge partnerships, alliances, investments, and M&A activities. Further information regarding the event and how to register is available at http://www.herringevents.com/rhvme06.
About Discretix
Discretix is a leading provider of embedded security technology for mobile devices and flash memory. Discretix technology, which incorporates both hardware and software components, enables security to be incorporated into products at the chipset level so that it's transparent to the user while protecting sensitive information from malicious attacks, viruses, fraud, and theft. Discretix device toolkits fit into a wide array of devices and mobile systems to enhance security, reliability, and user experience. Discretix technology benefits the entire value chain of chip and platform vendors, device manufacturers, application providers, and operators by eliminating the need for them to devote resources to security, thereby lowering costs, increasing trust and driving increased deployment and greater revenues. For more information, please visit www.discretix.com.
About Red Herring
Red Herring is a sophisticated insider's guide to the business of technology, featuring unparalleled insights on the emerging technologies driving the economy, from the Internet to wireless communications and digital entertainment. Red Herring reports on how innovation and entrepreneurship are transforming business and how the business of technology is transforming the world, providing readers with a deep understanding of venture capital and capital markets. Recognized as an essential resource in today's fast-changing business world, Red Herring gets the right answers before anyone else even thinks to ask the questions. More information on Red Herring is available on the Internet at www.redherring.com.
Contacts for Discretix:
Edo Ganot
Discretix Inc.
Tel: +972-544-410-140
edo.ganot@discretix.com
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