Round Tale

(Gawkwire.com) – SoftLayer Technologies has been selected as a Finalist for Red Herring’s North America 100 award, a prestigious list honoring the year’s most promising private technology ventures from the world North American business region.

The Red Herring editorial team selected the most innovative companies from a pool of hundreds from across North America. The nominees are evaluated on both quantitative and qualitative criteria, such as financial performance, technology innovation, quality of management, execution of strategy, and integration into their respective industries.

This unique assessment of potential is complemented by a review of the actual track record and standing of a company, which allows Red Herring to see past the “buzz” and make the list an invaluable instrument for discovering and advocating the greatest business opportunities in the industry.

“This year was especially difficult,” said Alex Vieux, publisher and CEO of Red Herring. “Despite the global economic situation, there were many great companies producing really innovative and amazing products that we had a difficult time narrowing the pool and selecting the finalists. SoftLayer shows great promise therefore deserves to be among the Finalists. Now we’re faced with the difficult task of selecting the Top 100 winners of Red Herring North America award. We know that this year’s crop will grow into some amazing companies that are sure to go far.”

“We’re excited to be selected as a Finalist for this award,” said Lance Crosby, SoftLayer Chief Executive Officer. “Our commitment to innovation continues to drive the development of our products and services; being recognized for this commitment is truly an honor.”

Finalists for the 2010 edition of the Red Herring 100 North America award are selected based upon their technological innovation, management strength, market size, investor record, customer acquisition, and financial health. During the several months leading up to the announcement, hundreds of companies in the telecommunications, security, Web 2.0, software, hardware, biotech, and clean tech industries sent in their submissions to qualify for the award.

The Finalists are invited to present their winning strategies at the Red Herring North America Conference in San Diego, June 22-24, 2010. The Top 100 winners will be announced at a special awards ceremony on June 24 at the event.

http://www.gawkwire.com/business/softlayer_named_finalist_for_red_herring_100_north_america_award.html

Dallas, Texas – (The Hosting News) – September 8, 2009 – On-demand data center services provider, SoftLayer Technologies, has received the 2009 One-Year Fast Tech Award at the 9th Annual Tech Titans Awards and Fast Tech, presented by the Metroplex Technology Business Council (MTBC).

The award recognizes the company with the highest percentage of revenue growth in 2008 over 2007 in the Dallas-Fort Worth (DFW) area. Both private and public companies from any technology industry segment are eligible for the award, as long as they own proprietary technology. SoftLayer received the same award in 2008 for its growth in 2007 over 2006.

George Karidis, Chief Strategy Officer noted, ”We are very proud to win this prestigious award two years in a row. It is an honor being recognized among DFW’s technology leaders – there are many innovative companies doing great things here. Our continuing growth can be directly attributed to our unique approach to hosting and data center services. We’re bringing new ideas and practical advantages to our customers and the market.”

MTBC is the largest technology trade organization in Texas. Its annual Tech Titans Awards and Fast Tech rankings showcase the industry’s most talented individuals and the companies with the most advanced technologies in North Texas. The region is a leading center for technology and innovation in the U.S. and globally. The American Electronics Association Cybercities 2008 report ranked DFW fifth among U.S. cities in high-tech employment, with approximately 176,000 high-tech workers. DFW ranked second nationwide for employment in both the telecommunications services and Internet services sectors.

Headquartered in Plano, Texas, SoftLayer delivers world-class, on-demand virtual data center services on a global basis from facilities located in Dallas, TX; Seattle, WA; and Washington, DC. SoftLayer integrates all facets of IT to innovate industry-leading solutions that are fully automated. This empowers customers with complete control, security, scalability, and ease-of-management for their IT environment.

More information about the event and award is available at: www.metroplextbc.org/techtitans.

For more information about SoftLayer Technologies, please visit: www.softlayer.com.

Dallas, Texas – (The Hosting News) – September 8, 2009 – On-demand data center services provider, SoftLayer Technologies, has received the 2009 One-Year Fast Tech Award at the 9th Annual Tech Titans Awards and Fast Tech, presented by the Metroplex Technology Business Council (MTBC).

The award recognizes the company with the highest percentage of revenue growth in 2008 over 2007 in the Dallas-Fort Worth (DFW) area. Both private and public companies from any technology industry segment are eligible for the award, as long as they own proprietary technology. SoftLayer received the same award in 2008 for its growth in 2007 over 2006.

George Karidis, Chief Strategy Officer noted, ”We are very proud to win this prestigious award two years in a row. It is an honor being recognized among DFW’s technology leaders – there are many innovative companies doing great things here. Our continuing growth can be directly attributed to our unique approach to hosting and data center services. We’re bringing new ideas and practical advantages to our customers and the market.”

MTBC is the largest technology trade organization in Texas. Its annual Tech Titans Awards and Fast Tech rankings showcase the industry’s most talented individuals and the companies with the most advanced technologies in North Texas. The region is a leading center for technology and innovation in the U.S. and globally. The American Electronics Association Cybercities 2008 report ranked DFW fifth among U.S. cities in high-tech employment, with approximately 176,000 high-tech workers. DFW ranked second nationwide for employment in both the telecommunications services and Internet services sectors.

Headquartered in Plano, Texas, SoftLayer delivers world-class, on-demand virtual data center services on a global basis from facilities located in Dallas, TX; Seattle, WA; and Washington, DC. SoftLayer integrates all facets of IT to innovate industry-leading solutions that are fully automated. This empowers customers with complete control, security, scalability, and ease-of-management for their IT environment.

More information about the event and award is available at: www.metroplextbc.org/techtitans.

For more information about SoftLayer Technologies, please visit: www.softlayer.com.

Mountain View, California – (The Hosting News) – August 13, 2009 – Search engine, Google, along with On2 Technologies, Inc., have jointly announced that they have entered into a definitive agreement under which Google will acquire the developer of video compression technology.

Under the terms of the agreement, each outstanding share of On2 common stock will be converted into $0.60 worth of Google class A common stock in a stock-for-stock transaction. The transaction is valued at approximately $106.5 million.

Sundar Pichai, Vice President, Product Management, Google remarked, ”Today video is an essential part of the web experience, and we believe high-quality video compression technology should be a part of the web platform. We are committed to innovation in video quality on the web, and we believe that On2′s team and technology will help us further that goal.”

Matt Frost, interim CEO of On2 added, ”We’re thrilled that On2 is joining one of the world’s most innovative companies. After intensive review of On2 products, Google confirmed our long-held beliefs as to the quality of our video technologies. This transaction is a testament to the hard work of every On2 employee and the strongest possible endorsement of our products and people. On2 will continue to improve, support and sell our products throughout the transition. We believe that Google shares our ambitions and know that our products and expertise, combined with Google’s globally recognized brand, ingenuity and resources, will create an incredible team.”

The number of shares of Google class A common stock to be received by On2 stockholders will be determined by dividing $0.60 per share by the volume weighted average trading price of a share of Google class A common stock based on the sales price of every share of Google class A common stock traded during the twenty trading-day period ending on and including the second trading day prior to the date of the meeting of On2′s stockholders to consider and vote on the merger agreement.

$0.60 per share represents a premium of approximately 57% over the closing price of On2′s common stock on the last trading day immediately prior to the announcement of the transaction, and a premium of approximately 62% over the average closing price of On2′s common stock for the six month period immediately prior to the announcement of the transaction.

The transaction, which is subject to On2 stockholder approval, regulatory clearances and other closing conditions, is expected to close in the fourth quarter of 2009.

Wilson Sonsini Goodrich and Rosati and Potter Anderson and Corroon served as legal counsel to Google, and Credit Suisse provided M and A advisory services to Google. Covington Associates, LLC served as financial advisor to On2 and its board of directors and Duff and Phelps, LLC served as an independent financial advisor to On2′s board of directors, and each of them provided an opinion as to the fairness, from a financial point of view, to the public stockholders of On2 of the exchange ratio in the proposed transaction. Hogan & Hartson LLP and Richards, Layton and Finger served as legal counsel to On2.

On2 creates advanced video compression technologies that power the video in today’s leading desktop and mobile applications and devices. On2 customers include Adobe, Skype, Nokia, Infineon, Sun Microsystems, Mediatek, Sony, Brightcove, and Move Networks.

With the largest index of websites available on the World Wide Web and the industry’s most advanced search technology, Google Inc. delivers the fastest and easiest way to find relevant information on the Internet. Google’s technological innovations have earned the company numerous industry awards and citations, including two Webby Awards; two WIRED magazine Readers Raves Awards; Best Internet Innovation and Technical Excellence Award from PC Magazine; Best Search Engine on the Internet from Yahoo! Internet Life; Top Ten Best Cybertech from TIME magazine; and Editor’s Pick from CNET. A growing number of companies worldwide, including Yahoo! and its international properties, Sony Corporation and its global affiliates, AOL/Netscape, and Cisco Systems, rely on Google to power search on their websites. A privately held company based in Mountain View, Calif., Google’s investors include Kleiner Perkins Caufield Byers and Sequoia Capital.

To learn more about On2 Technologies, please visit: www.on2.com.

For more information Google, please visit: www.google.com.

Mountain View, California – (The Hosting News) – August 13, 2009 – Search engine, Google, along with On2 Technologies, Inc., have jointly announced that they have entered into a definitive agreement under which Google will acquire the developer of video compression technology.

Under the terms of the agreement, each outstanding share of On2 common stock will be converted into $0.60 worth of Google class A common stock in a stock-for-stock transaction. The transaction is valued at approximately $106.5 million.

Sundar Pichai, Vice President, Product Management, Google remarked, ”Today video is an essential part of the web experience, and we believe high-quality video compression technology should be a part of the web platform. We are committed to innovation in video quality on the web, and we believe that On2′s team and technology will help us further that goal.”

Matt Frost, interim CEO of On2 added, ”We’re thrilled that On2 is joining one of the world’s most innovative companies. After intensive review of On2 products, Google confirmed our long-held beliefs as to the quality of our video technologies. This transaction is a testament to the hard work of every On2 employee and the strongest possible endorsement of our products and people. On2 will continue to improve, support and sell our products throughout the transition. We believe that Google shares our ambitions and know that our products and expertise, combined with Google’s globally recognized brand, ingenuity and resources, will create an incredible team.”

The number of shares of Google class A common stock to be received by On2 stockholders will be determined by dividing $0.60 per share by the volume weighted average trading price of a share of Google class A common stock based on the sales price of every share of Google class A common stock traded during the twenty trading-day period ending on and including the second trading day prior to the date of the meeting of On2′s stockholders to consider and vote on the merger agreement.

$0.60 per share represents a premium of approximately 57% over the closing price of On2′s common stock on the last trading day immediately prior to the announcement of the transaction, and a premium of approximately 62% over the average closing price of On2′s common stock for the six month period immediately prior to the announcement of the transaction.

The transaction, which is subject to On2 stockholder approval, regulatory clearances and other closing conditions, is expected to close in the fourth quarter of 2009.

Wilson Sonsini Goodrich and Rosati and Potter Anderson and Corroon served as legal counsel to Google, and Credit Suisse provided M and A advisory services to Google. Covington Associates, LLC served as financial advisor to On2 and its board of directors and Duff and Phelps, LLC served as an independent financial advisor to On2′s board of directors, and each of them provided an opinion as to the fairness, from a financial point of view, to the public stockholders of On2 of the exchange ratio in the proposed transaction. Hogan & Hartson LLP and Richards, Layton and Finger served as legal counsel to On2.

On2 creates advanced video compression technologies that power the video in today’s leading desktop and mobile applications and devices. On2 customers include Adobe, Skype, Nokia, Infineon, Sun Microsystems, Mediatek, Sony, Brightcove, and Move Networks.

With the largest index of websites available on the World Wide Web and the industry’s most advanced search technology, Google Inc. delivers the fastest and easiest way to find relevant information on the Internet. Google’s technological innovations have earned the company numerous industry awards and citations, including two Webby Awards; two WIRED magazine Readers Raves Awards; Best Internet Innovation and Technical Excellence Award from PC Magazine; Best Search Engine on the Internet from Yahoo! Internet Life; Top Ten Best Cybertech from TIME magazine; and Editor’s Pick from CNET. A growing number of companies worldwide, including Yahoo! and its international properties, Sony Corporation and its global affiliates, AOL/Netscape, and Cisco Systems, rely on Google to power search on their websites. A privately held company based in Mountain View, Calif., Google’s investors include Kleiner Perkins Caufield Byers and Sequoia Capital.

To learn more about On2 Technologies, please visit: www.on2.com.

For more information Google, please visit: www.google.com.