CloudShield Selected as a Finalist for the 2008 Red Herring North America 100.

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

SAN FRANCISCO -- Red Herring today announced that CloudShield Technologies, Inc. has been named a finalist for the Red Herring 100 Award, a selection of the 100 most innovative private technology companies based in North America.

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 leading the next wave of innovation.

CloudShield Technologies is a provider of service management and security solutions designed for large service providers and national governments. CloudShield's unique offering of hardware, software, operating systems and applications helps organizations inspect, analyze and control all traffic moving across the network. This enables lower costs, secure infrastructure and new revenue streams.

"The Red Herring 100 list always calls out companies that are visionaries within their markets. Being recognized as a finalist for the Red Herring 100 this year is great validation of our strategy," said Matt Jones, CloudShield's CEO. "Through our technology, service providers and federal agencies have the ability to embrace this new era of IP convergence by delivering and managing a wide range of services in line with customer demand."

"We can see the exciting evolution of the technology sector reflected in the quality and variety of exceptional companies that we had to choose from in putting our list together," said Joel Dreyfuss, editor-in-chief of Red Herring. "It was tough to choose just 200 finalists from such a large list of excellent contenders, and we are very happy with the quality of the companies we selected as finalists."

The 100 winning companies will be announced at the Red Herring North America event. The CEOs of the winning startups will present their innovative ideas and technologies to an audience of leading entrepreneurs, financiers and corporate strategists at the event in San Jose, Calif., on May 12-14 at the Fairmont Hotel. This year's Red Herring 100 North America event marks the 11th anniversary of the Red Herring 100 Awards. In celebration, the event will feature keynote addresses from legendary VC investors and CEOs of leading Internet, information and communications companies. Register online at: http://herringevents.com/northamerica08/index.html.

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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.

About CloudShield

CloudShield is a provider of multi-gigabit, multi-function, programmable, deep packet inspection platforms targeted at large network operators. The company's unique capabilities allow content inspection, service management and security applications to perform at true gigabit speeds on even small packet sizes and enable entirely new classes of applications and revenue generating services. Through its application partners, CloudShield has helped deliver solutions to carriers in North America, Europe and Asia as well as several important federal government customers. More information about CloudShield can be found at http://www.cloudshield.com/.