Award Identifies Companies Based on Innovation and Demonstrated Market Leadership
Pleasanton, CA, June 23, 2003 – Pronto Networks, a leading provider of carrier-class OSS solutions for large Wi-Fi hot spot networks, today announced its inclusion on the first-annual AlwaysOn (AO) Top 100 Private Companies list. AlwaysOn, the media company that covers innovation in technology and business, compiled the list with assistance from KPMG’s emerging business practice, KPMG 1Start. The two groups surveyed more than 1,000 venture investors, investment bankers, top entrepreneurs and executives, who nominated more than 700 companies for the competition. The full list can be found at www.alwayson-network.com.
Tony Perkins, AlwaysOn editor, and KPMG 1Start, identified the AO100 companies based on their innovation and demonstrated leadership among their peers in at least two areas: market traction measured by revenue or customer growth and game-changing approaches and technologies that are likely to disrupt existing markets and entrenched players.
In explaining the selection process, Mr. Perkins notes: “Our survey proves that private company innovation is alive and thriving. We believe that many of the companies funded in the last 12 months will end up being some of the biggest names associated with the Internet. To raise money and win customers in this market, private companies must show that their products and services are an order of magnitude above what currently exists in the marketplace.”
“Being recognized as one of the top connectivity companies in the world is a tremendous honor to our company,” said Jasbir Singh, President and CEO of Pronto Networks. “Our team has worked hard to develop a leading edge, Operations Support System (OSS) that enables large network operators to cost-effectively provision, deploy and manage large hot spot networks. The market has validated our leadership in this market as evidenced by our growing sales in every major region of the world. We are extremely pleased to be recognized by Always On for our successes.”
A reception will be held honoring the winners on July 15, 2003 at AO2003: The Innovation Summit, taking place July 15-17 at Stanford Law School on the Stanford University Campus. The event will feature over 60 keynote-level speakers, 15 sessions, and 2 days of conversation about what’s driving the next wave of innovation. For more information visit: http://www.alwayson-network.com/events/index.php
About Pronto Networks
Pronto Networks, based in Pleasanton, Calif., provides carrier-class Operations Support Systems (OSS) that enable network operators to deploy and manage large public hot spot networks. The company’s software handles provisioning, configuration, authentication, access control, security, pre-paid and post-paid billing, and roaming settlement for large public WLAN networks, in addition to remotely managing and updating multi-vendor hardware and Wi-Fi switches. Pronto Networks is funded by Draper Fisher Jurvetson and the Intel Communications Fund and was recently listed as Wired Magazine’s Top 25 Wi-Fi companies to watch. For more information about Pronto Networks, visit www.prontonetworks.com.
AlwaysOn (AO) is a media company dedicated to connecting global leaders and technology industry insiders whose ideas and innovations are shaping the always-on world. AO’s founding premise is that consumers and businesses are demanding greater access to the Web for more convenience and productivity, and these demands are beginning to drive the next boom in high technology.
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Kristie Heins Ruder-Finn, Inc.