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April 04, 2007

Red Herring reveals winners of The Red Herring 100 Spring 2007


Red Herring reveals winners of The Red Herring 100 Spring 2007

Contact us at press@odesk.com

Award Recognizes the 100 "Most Promising" Companies Driving the Future of Technology

San Francisco, CA, May 2, 2007 - Red Herring today announced that oDesk (www.oDesk.com) is a recipient of Red Herring 100 Spring, an award given to the top 100 private technology companies based in North America.

"Having received more than 800 submissions, it is clear that we are witnessing a new outburst of creativity." says Joel Dreyfuss, Editor-in-Chief of Red Herring. "With venture capital flowing again, it's exciting to see technology innovators and business investors collaborate to create disruptive technologies. The Red Herring 100 North America companies are impressive up-and-comers, and definitely the ones to watch."

Red Herring's annual lists of top private companies are an important part of the company's tradition of identifying new and innovative technology companies and entrepreneurs. Companies like Google, eBay and Skype were spotted in their early days by Red Herring editors, and touted as leaders that would change the way we live and work.

Red Herring's editorial staff rigorously evaluated more than 800 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.

To honor the CEOs of Red Herring 100 Spring companies, Red Herring has invited each one to present his or her company at its Red Herring Spring 2007 event, May1-3, at the Hyatt Regency in Monterey. As the venue for the unveiling of the Top 100 private companies in North America, Red Herring Spring draws unparalleled attention from decision makers and industry observers across the continent. This year marks the 10th anniversary of the Red Herring 100 Awards. To celebrate this occasion, Red Herring 100 winners will share their successes and insights on how to make it to the top.

About Red Herring

Red Herring is a global media company which unites the world's best high technology innovators, venture investors and business decision makers in a variety of forums: a leading innovation magazine, an online daily technology news service, technology newsletters, and major events for technology leaders around the globe. Red Herring provides an insider's access to the global innovation economy, featuring unparalleled insights on the emerging technologies driving the economy. More information about Red Herring is available on the Internet at www.redherring.com

About oDesk

Founded in 2004, oDesk (www.oDesk.com) is a global marketplace for programmers and technology freelancers that enables businesses to build and manage remote teams. Hiring managers can search the oDesk network and choose from among thousands of tested, top-rated technology professionals in over 50 countries around the world. Using oDesk web-based collaboration tools, project managers can visually track and verify all work performed, both historically and in real-time. oDesk is venture-backed by Benchmark Capital, Globespan Capital Partners and Sigma Partners. Everyday, oDesk helps people all over the world work together, as if they were seated in the same office.

Press Contact:
press@odesk.com
(650) 853-4100