Pronto wins the tie 50 hot startups award

World’s largest not-for-profit organization for entrepreneurs judges Pronto Networks as the only WiFi solution provider to feature in the TiE50 list of top wireless companies.

Santa Clara, May 13, 2009: Pronto Networks emerges as the only WiFi solutions provider in the world to feature in the TiE50 list of top wireless companies. Nearly 1200 promising start-up companies across five segments – Internet Infrastructure, Wireless, Cleantech, Software, and Consumer Web – had nominated themselves for the TiE50 awards. Top 10 companies in each segment were short-listed through a combination of public voting and judging. TiE50 Awards were given to the Top 50 start-up companies across five segments.

The TiE50 Awards, held at Santa Clara, USA, is a significant event at TiEcon (TiE’s annual conference of entrepreneurs). TiE is the world’s largest not-for-profit organization for entrepreneurs, with 48 chapters in 11 countries.

Jasbir Singh, President & CEO, Pronto Networks, Inc., says, “It’s an honor to be the only WiFi solutions company in the TiE50 list of best start-up companies. I thank our business partners, employees and well-wishers for re-asserting their belief in Pronto Networks’ products and services.”

“The competition was fierce. Pronto Networks was judged to be an exceptional company in the Wireless focus segment. After grueling rounds of judging and public voting, only 10 companies rom each of the five segments were selected as winners,” shares Vish Mishra, President, TiE Silicon Valley.

About Pronto Networks

Pronto Networks, based in Pleasanton, California, provides a carrier-class Operation Support System (OSS) that enables service providers to rapidly and cost-effectively provision, deploy and manage large-scale, broadband wireless networks. Pronto Networks is funded by BV Capital, Draper Fisher Jurvetson and the Intel Communications Fund. Pronto Networks was recently named to the AlwaysOn List of Top 100 Private Companies for the third consecutive year. In 2003, the company received Wired Magazine’s Top 25 Wi-Fi Companies to Watch and Computerworld’s Innovative Technology Awards. For more information about Pronto Networks, visit www.prontonetworks.com.

About TiE

TiE (The Indus Entrepreneurs) is a not-for-profit network of entrepreneurs and professionals, committed to fostering next-generation global entrepreneurship through mentoring, networking and educating. It was founded in 1992 by a group of successful entrepreneurs, corporate executives and senior professionals. The organization has created programs to energize and inspire its constituencies, the flagship event being TiEcon, along with an array of other year-round
programs.