Adara portfolio ventures in the Red Herring Global 100 and at the International Technology Forum
Two of Adara´s portfolio ventures - Cambridge Broadband and Ring2 – have been nominated as winners of the Red Herring Global 100 global technology award. The International Technology Forum selected Polymita Technologies as one of Catalonia’s most innovative technology ventures, at its first ever event held outside the United States.
Red Herring Global 100
Red Herring is a leading publication in technology and innovation, and especially prizes innovation as an element in choosing members for its yearly Global 100 group. Cambridge Broadband and Ring2 made the Global 100 http://herringevents.com/global07/index.html. “We are happy to have two of our portfolio ventures included in such a distinguished group. The teams have worked very hard and made exciting progress during 2007,” said Adara partner, Nico Goulet. Fellow Adara partner, Alberto Gómez, adds “it is interesting to see that both or our ventures recognized by Red Herring, are focused on the convergence of mobility and full connectivity – this is precisely one of the drivers we’ve identified as key to our investment strategy”.
International Technology Forum
The International Technology Forum (ITF) hosts key personalities and investors from Silicon Valley, who look to come together with top entrepreneurs and their technologies in areas such as Information Technology and Communication, Biotech and Renewable Energies. The Barcelona event was organized by the American Chamber of Commerce in Spain and Barcelona’s Chamber of Commerce, the first time that an ITF event was held outside the US. Polymita Technologies was honoured as one of the most innovative companies in Catalonia. Adara partner, Roberto Saint-Malo, commented, “it is a great boost to see Polymita in the top 10 in Catalonia, an emerging hot-spot for high-tech innovation in Europe.”
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Press contact for enquiries about this release:
Roberto Saint-Malo, Managing Partner – Adara Ventures
+34 91 451 70 70 - rsaintmalo@adaravp.com
About Adara
Adara is a venture capital firm which invests in globally-oriented ICT ventures that address Spain and related markets, and which seeks to leverage its investing and operational experience to provide decisive support to the development of portfolio companies. Adara’s portfolio of investments presently includes ventures in the following areas: software platforms and services, mobile and on-line services, components and semiconductors and telecommunications equipment.
For more information visit www.adaravp.com
About the award-winning companies
Ring2 is a pioneering business conferencing services company, focused on solving real, everyday problems and frustrations that are familiar to frequent conference callers. It provides the world's first audio-conferencing service to offer remote control of calls from a mobile device, resulting in improved visibility, security and control for customers. In addition to the Red herring Award, it’s service has been recognized by Frost & Sullivan, as a 2006 Entrepreneurial Company Award in audio-conferencing, and by CNET, who selected Ring2 as one of 5 finalists for the 2007 mobile product award in the UK. The company is a member of the BlackBerry Independent Software Vendor Alliance Program and is a technology partner of Alcatel-Lucent.
For more information visit www.ring2.com
Cambridge Broadband Networks provides telecommunications operators with carrier-class wireless point-to-multipoint transmission equipment. The company’s unique approach to backhaul means that its technology provides operators with a highly compelling business case, reducing backhaul costs by up to 60%. To date, Cambridge Broadband Networks products have been commercially deployed and technically proven in more than 30 countries, and the company continues to expand into new geographical markets as wireless networks become more widespread throughout the world. Cambridge Broadband Networks has headquarters in Cambridge, UK, with offices in Malaysia and South Africa and manufacturing facilities in China and the UK.
For more information visit www.cambridgebroadband.com
Polymita Technologies delivers a software platform, integrating automation and management of business processes, content and portals, through a single, scalable and standard business suite. Polymita is able to offer business solutions that simplify and enhance process management in organizations where people interaction is a key factor to successful performance. The company’s commercial efforts have produced impressive client references, and continue to focus on the health, financial services and government sectors.
For more information visit http://www.polymita.com