Vembu Technologies Named as "Red Herring 100 Asia" Award Winner for 2007

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Chennai, India, September 14, 2007 – Red Herring Magazine recently announced that Vembu Technologies has been officially selected as a winner of the prestigious Red Herring 100 Asia 2007 awards. The news was announced at a gala dinner during the Red Herring 100 Asia event in Hong Kong, China, happening from August 29 to 31.

Winners were selected from a pool of more than 600 applicants based in 16 countries/regions including China, India, Japan, Singapore, Korea, Australia and Vietnam. The names of the 200 companies short-listed as finalists for the Red Herring 100 Asia 2007 along with the 100 winners can be found online at http://www.herringevents.com/asia07/index.html.

The Red Herring editorial team carefully selected the winning companies based on both quantitative and qualitative criteria such as financial performance, technology innovation, quality of management, execution of strategy, and integration into their ecosystem. The 100 winners are based in 16 countries/regions including China, India, Japan, Singapore, Korea, Australia and Vietnam.

"After a rigorous evaluation process, we’re very happy with winners we selected,” said Joel Dreyfuss, Editor-in-Chief of Red Herring. “There was a large pool to choose from and we’re impressed by the caliber an innovative talent bursting from Asia’s business and technology sector."

“We are delighted to receive this award and it is a vindication of the potential of the online backup market and our commitment to it. We have our customers & service provider partners to thank as far as our innovations go. They have helped us keep our fingers on the pulse of the market and create commercially significant innovation”, said Sekar Vembu, CEO of Vembu Technologies.

About Red Herring:

Red Herring is a global media company uniting 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 research, 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. For more information, visit www.redherring.com.

About Vembu Technologies:

Founded in 2004 Vembu Technologies is a fast-growing provider of innovative backup and storage solutions to Service Providers and Remote & Branch Offices (ROBOs). Vembu’s flagship product StoreGrid is a flexible, feature-packed data backup software ideal for heterogeneous environments. While Service Providers deploy StoreGrid to offer their small and medium customers a powerful managed online backup solution, organizations with distributed offices rely on StoreGrid to manage their data backup requirements across geographically-dispersed sites. Vembu Technologies is headquartered in Chennai, India. For further information please visit www.vembu.com or contact +1 432 614 0198.

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