Teneros Wins Red Herring 100 Award

Teneros Wins Red Herring 100 Award

Award Recognizes the 100 Most Promising Companies Driving the Future of Technology

MOUNTAIN VIEW, Calif., May 16 -- Teneros (http://www.teneros.com/) has won the prestigious Red Herring 100 Award (http://herringresearch.com/eventspace/northamerica08/) that honors the most innovative private technology companies based in North America. To determine the winners, Red Herring's editorial board closely evaluated more than 1,500 companies that are leading the next wave of innovation, according to Alex Vieux, CEO of Red Herring.

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"Winning the Red Herring top 100 award is a great honor for Teneros and substantiates our efforts to assure email continuity for businesses in every industry," said Andrea Skov, vice president of worldwide marketing for Teneros. "Daily, companies worldwide fight the revenue, productivity, and reputation damage from email outages. Teneros' cost-effective, remotely monitored, plug-&-go(TM), Application Continuity Appliances(TM) can end email downtime for these companies."

Teneros Application Continuity Appliances for high availability and disaster recovery of Microsoft(R) Exchange offer 99.999% uptime utilizing the company's Instant-On(TM) failover technology. Teneros appliances require no configuration of, modification to, or additional software on the Exchange server or network infrastructure, and the appliances can be installed in minutes. The appliances are remotely monitored, maintained and updated from Teneros Network Operations Center, so the in-house IT team enjoys a hands-free IT(TM) experience.

Teneros launched the first application continuity appliance three years ago and has since received a number of awards, including:

  -- 2007 Microsoft(R) Partner of the Year award, OEM Hardware Solutions,
     Device Manufacturing
  -- AlwaysOn Top 100 Private Companies awards in recognition of technical
     innovation in both 2006 and 2007
  -- Computer Reseller News Emerging Tech Dynamo award in both 2006 and 2007

Early this year Teneros announced that it had secured $40 million in a late-stage funding round led by Advanced Equities Inc., bringing Teneros' total capital raised to $84.5 million, the largest investment to date in the application continuity market. Teneros' existing investors, Goldman Sachs, New Enterprise Associates (NEA), Sevin Rosen Funds and STAR Ventures, maintained their positions in the company in the latest round of funding.

The Red Herring 100 award-winners were announced at the Red Herring North America event in San Jose, Calif. The CEOs of the winning startups presented their innovative ideas and technologies to an audience of leading entrepreneurs, financiers, and corporate strategists at the event. This year marked the 11th anniversary of the Red Herring 100 Awards. In celebration, the event featured keynote addresses from legendary VC investors and CEOs of leading Internet, information, and communications companies.

About Teneros

Founded in 2003, Teneros has pioneered a new product category that assures continuity of operations for the mission-critical Microsoft applications fueling corporations worldwide -- the Teneros Application Continuity Appliance(TM). Funded by Advanced Equities Financial Corp., Goldman Sachs, New Enterprise Associates (NEA), Sevin Rosen Funds, and STAR Ventures, the company produces plug-&-go(TM) business continuity appliances that assure 99.99%-99.999% uptime of Microsoft infrastructure applications.

Teneros is an Advanced Infrastructure Solutions Microsoft Gold Partner and is the recipient of the 2007 Microsoft Partner of the Year Award, OEM Hardware Solutions, Device Manufacturing. Teneros is a winner of the 2008 Red Herring 100 award, was selected as CRN's 2007 and 2006 Emerging Tech Dynamo, and was honored by AlwaysOn as an AO 100 Private Company Award winner in 2006 and 2007. The company is headquartered at 321 East Evelyn Ave in Mountain View, Calif., 94041. More information is available at http://www.teneros.com/.

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 at http://www.redherring.com/.