DataSynapse Named to the Red Herring 100; Grid-Computing Infrastructure Provider Recognized for Innovative Technology and Outstanding Business Achievements

Business Wire, May 11, 2005

BELMONT, Calif. & NEW YORK -- Red Herring today announced that DataSynapse Inc., the fastest-growing provider of grid-computing solutions for the virtual enterprise has been selected as one of the Red Herring 100 Private Companies of North America. As a Red Herring 100 winner, DataSynapse joins the ranks of industry pioneers like eBay and Google who were identified early as companies that would change the way we live and work. DataSynapse's standards-based, grid-computing software enables organizations to drive new levels of performance through a more agile, automated and efficient IT infrastructure.

"Five years after the dot-com bubble burst, innovation and entrepreneurship are thriving," said Joel Dreyfuss, Editor-in-Chief of Red Herring. "The companies on this list are proof."

Red Herring's editorial staff rigorously evaluated more than 900 private companies through careful analysis of financial data and subjective criteria, including quality of management, execution of strategy and dedication to research and development. Other factors included business model, competitive advantage, alliances, customers and technology. Ultimately, those selected as the Red Herring 100 embodied superior innovation, technology and strategy.

"The Red Herring 100 is a highly prestigious award and we're delighted with our selection," said Peter Lee, CEO of DataSynapse. "We thank the Red Herring editorial staff and are grateful to our three dozen global customers who have been terrific, vocal supporters of our technology solutions."

As a Red Herring 100 winner, DataSynapse will present its business model and technology at the Red Herring Spring 2005 conference, May 17-19, 2005 in Monterey, Calif. Themed, The Dynamics of Disruptions, the invitation-only conference for CEOs, venture capitalists and senior executives is dedicated to celebrating the most exciting private companies in North American. The Red Herring 100 awards ceremony will take place during the welcome dinner on May 17, 2005. A complete overview and agenda can be found at http://www.redherring.com/rhspring05. To request an invitation, please contact Sean Raman at 650.428.2900 or via email at sraman@redherring.com

About DataSynapse

DataSynapse, Inc. provides grid-computing solutions for the virtual enterprise, helping organizations drive new levels of business performance through the creation of an agile and responsive IT infrastructure. The company's standards-based GridServer(R) software virtualizes data components and business logic found in business-critical applications and distributes these services across available system resources on demand - establishing a utility computing model that eliminates performance barriers, significantly increases service levels and radically lowers total cost of ownership. DataSynapse works with the world's largest financial institutions including Bank of America, Credit Suisse First Boston, Deutsche Bank, Goldman Sachs and Nationwide, as well as market leaders in the government, energy and industrial sectors. The company is headquartered in New York and can be found on the World Wide Web at www.datasynapse.com.

About Red Herring

Red Herring covers technology innovation, venture financing, and the deals that make a difference. Its award-winning journalists go deeper, providing a comprehensive, critical analysis of what's new and why it matters. Red Herring covers the business trends with insight that counts, serving today's entrepreneurs and the technology of tomorrow. Head to www.RedHerring.com for articles, newsletters, and research reports that matter. To subscribe to the Red Herring Magazine call 866.311.9582 or email redherring@neodata.com.