Ingrian Networks' CEO Robert A Steinkrauss Named Ernst & Young Entrepreneur Of The Year® 2007 Award Finalist in Northern California

Business Wire, May 16, 2007

REDWOOD CITY, Calif. -- Ingrian[R] Networks, Inc., the leading provider of data privacy solutions, today announced that president and CEO Robert A Steinkrauss is a finalist for the Ernst & Young Entrepreneur Of The Year([R]) 2007 Award in Northern California. The Ernst & Young awards program was designed to recognize outstanding entrepreneurs on a regional, national and global level who are building and leading dynamic, growing businesses. Steinkrauss was selected as a finalist from over 80 nominations by a panel of independent judges. Award winners will be announced at a special gala event on June 29, 2007 at the Fairmont Hotel in San Francisco.

"It's an honor to be recognized as a finalist for this year's awards, and be recognized for our market leadership and business growth," said Steinkrauss. "Ingrian has grown tremendously during the last few years as we've focused on data protection and expanded our product line to meet the privacy demands of today's enterprises."

When Steinkrauss joined Ingrian Networks as CEO in 2003, he raised a new round of funding that formed the base for transitioning Ingrian from an SSL vendor into a provider of data privacy solutions. Since introducing its data privacy solutions in 2004, the company has doubled its revenues each year through FY06, and become a significant player in the payment processor, financial and retail industries.

The Ernst & Young Entrepreneur Of The Year awards program celebrates its 21st anniversary this year. Awards are given to entrepreneurs who have demonstrated excellence and extraordinary success in such areas as innovation, financial performance, and personal commitment to their businesses and communities.

Regional award winners are eligible for consideration for the Ernst & Young Entrepreneur Of The Year 2007 national program. Award winners in several national categories, as well as the overall national Ernst & Young Entrepreneur Of The Year award winner, will be announced at the annual awards gala in Palm Springs, California on November 17, 2007. The national Entrepreneur Of The Year celebration is part of Ernst & Young's Strategic Growth Forum. The overall national Entrepreneur Of The Year award recipient is then considered for the world event held in Monte Carlo.

Sponsors

Founded and produced by Ernst & Young LLP, the Entrepreneur Of The Year Awards are pleased to have Bank of America as the national presenting sponsor, as well as SAP America and the Ewing Marion Kauffman Foundation as national sponsors.

In Northern California, local sponsors include NYSE Group, Inc., Scherzer International, SHIFT Communications, LLC and The Big Picture.

About Ingrian Networks

Ingrian Networks brings complete data privacy to the enterprise. With Ingrian DataSecure Platforms, organizations can protect both structured and unstructured data from the data center out to POS locations to ensure compliance with PCI and other legislative mandates for data privacy. DataSecure features a dedicated security appliance and specialized software that enables organizations to encrypt critical data in applications and databases. With its capabilities for granular encryption, seamless integration, and centralized key and policy management, DataSecure enables organizations to guard against a range of security threats, with unparalleled ease and cost effectiveness. Ingrian is a privately held company backed by such investors as Globespan Capital Partners, HighBAR Ventures, Menlo Ventures, Partech International, and Prism VentureWorks. For more information, visit http://www.ingrian.com.

About the Ernst & Young Entrepreneur Of The Year Awards

The Entrepreneur Of The Year([R]) awards program was created and is produced by professional services firm Ernst & Young LLP. As the first award of its kind, the Ernst & Young Entrepreneur Of The Year([R]) Award recognizes outstanding entrepreneurs who are building and leading dynamic and growing businesses. The program, which celebrated its 20th anniversary in 2006, honors entrepreneurs through regional, national and global award programs in over 125 cities and 40 countries.

About Ernst & Young

Ernst & Young, a global leader in professional services, is committed to enhancing the public's trust in professional services firms and in the quality of financial reporting. Its 114,000 people in 140 countries pursue the highest levels of integrity, quality, and professionalism in providing a range of sophisticated services centered on our core competencies of auditing, accounting, tax, and transactions. Further information about Ernst & Young and its approach to a variety of business issues can be found at www.ey.com/perspectives. Ernst & Young refers to the global organization of member firms of Ernst & Young Global Limited, a U.K. company limited by guarantee, each of which is a separate legal entity. Ernst & Young Global Limited does not provide services to clients. Ernst & Young LLP is a U.S. client-serving member firm of Ernst & Young Global Limited.