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Esphion Ltd named a Red Herring 100 Asia company

Esphion Limited named a Red Herring 100 Asia company

Award recognizes 100 private companies in Asia that drive the technology industry's future

August 24, 2005 - Auckland, NZ, Esphion, a leader in appliances and solutions for network disaster protection, today announced that it has been named one of the Red Herring Top 100 Private Companies of Asia. The list is Red Herring's 2005 selection of the 100 most promising private technology companies in Asia.

Greg Cross, Esphion's chief executive officer welcomed the news saying "The last twelve months have seen Esphion achieve some major milestones. We brought our high speed neural network based appliances to market and have quickly developed a notable client base. We have expanded development facilities in New Zealand, established sales operations throughout Asia Pacific, Europe and most recently, in the United States. The Red Herring award involved a rigorous appraisal of our business and as such, it is extremely gratifying to receive recognition that we are on the right path." Red Herring's lists of private companies are an important part of the magazine's tradition of identifying new and innovative technology companies and entrepreneurs. Companies like Google and eBay were spotted in their early days by Red Herring editors as those that would change the way we live and work. Red Herring's editorial staff rigorously evaluated more than 500 private companies through a careful analysis of financial data and subjective criteria, including quality of management, execution of strategy, and dedication to research and development. Red Herring 100 Asia companies will be presenting their business model and strategy at the Red Herring 100 Asia Conference. The conference will take place September 5-7 at the Shangri-La Hotel in Shanghai, China.

About Red Herring 100 Asia Conference

Red Herring 100 Asia Conference is an invitation-only event for CEOs, select senior executives, and Venture Capitalists. Red Herring 100 Asia will bring together executives from mostly private companies. These executives will be joined by senior executives from public companies and Venture Capitalists. Please contact Yi Cao at 650.585.3524 or email ycao@redherring.com if you would like to request an invitation to Red Herring 100 Asia Conference.

About Red Herring

Red Herring is the weekly magazine technology entrepreneurs, investors and industry observers read to stay ahead of the curve and to be better informed about the global marketplace. Red Herring covers technology, innovation, financial strategies, important personalities and trends that are transforming the world of business with unique insight, opinion and forward-looking analysis. Readers turn to Red Herring for knowledge to make strategic decisions, build companies and create a competitive advantage for their businesses. Red Herring articles, blogs, research and event information can be found online at www.redherring.com.

About Esphion

Esphion protects enterprises, service providers and Governments from network disaster. Esphion's breakthrough technology uses neural, behavior-based, real-time analysis to detect known and unknown threats within seconds. It then generates fine-grained signatures, allowing you to stop even the most aggressive attacks and eliminate internal network threats and insider misuse. Launched in 2002 by industry veterans, Esphion is backed by leading venture capital firms. Its customers include Fortune 100 enterprises and major service providers and financial institutions. For more information visit www.esphion.com or contact

ENDS

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