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Datasweep Named to Red Herring 100

Published: Tuesday, June 15, 2004 - 22:00

Datasweep Inc., a recognized leader in software solutions that help global manufacturers drive performance, quality and value across the product lifespan, is named in Red Herring’s prestigious "100 Top Private Companies" for 2004.

The list sets the standard as the industry’s definitive list of private technology companies that impact the marketplace. Datasweep was selected from 500 private global companies for its ability to thrive in today’s challenging economy while providing lasting value to global manufacturers.

"At Red Herring, we scour the industry to identify the best and brightest technology companies that are transforming the current markets and creating new ones," says Alex Nieux, publisher of Red Herring. "The Red Herring 100 is our annual list of the most promising private companies. Like Google, eBay, Salesforce.com and other previous Red Herring 100 alumni, these 100 have the potential to become the next titans of technology."

"Datasweep has built a solid reputation for technology innovation that addresses complex industry requirements in markets such as high tech, life sciences and automotive," says Vladimir Preysman, CEO of Datasweep. "Winning this award is very gratifying for us, as it reinforces our commitment to building the right software solutions for the right reasons and underscores the importance in focusing on customer service, industry needs and a strong technical foundation."

Red Herring editors examined more than 500 companies’ business models, financials and management teams using a unique approach of applying both qualitative measurements and quantitative business metrics to assess companies’ potential. The selection process was weighted to reflect the reality of survival in today’s marketplace and has broadened its geographic scope to include companies from 10 countries--including China, Japan, Israel, the U.K. and Germany.

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