ON DEMAND Microelectronics Short-listed as a Finalist for the "Red Herring 100 Europe" Awards

(PresseBox) ( Vienna, )
Red Herring announced that ON DEMAND Microelectronics (abbrev. ODM) has been short-listed as one of the finalists for its annual "Red Herring 100 Europe" list. Well over 700 privately held technology companies were evaluated for this year's edition of the prestigious award, giving evidence to the invigorated innovative and entrepreneurial strength of the technology ecosystem.

High-quality companies
"We can see the resurgence of the tech sector reflected in the quantity and variety of excellent companies that we had to choose from in putting our list together," said Joel Dreyfuss, Editor-in-Chief of Red Herring. "It was difficult to choose the finalists and we are very happy with the stellar quality of the companies on this short-list."

"ODM is delighted to be nominated as a finalist for the Red Herring Top 100 Europe companies 2006. This nomination by a highly renowned panel of judges is a further proof for ODM's technology, corporate strategy and business operations", says Christian Tiringer, CEO of ODM.

"ODM is one of those few companies every Venture Capitalist is looking for - a globally leading technology and global ambitions of a high caliber team is the winning mix success stories are made of", says Klaus Matzka, partner of Venture Capital investor gamma capital partners.

ON DEMAND Microelectronics
ODM is a leading IP vendor standing in the forefront of the digital video revolution offering modular solutions for digital multimedia products enabling the global players of the consumer electronics industry to create outstanding applications and building successful brands.

In 2005 ODM closed its Series A financing round, resulting in US$ 12 million in financing raised by ODM to date. After entering the US market in 2004 ODM is currently expanding into the APAC region where ODM' products and services are met with extremely strong response of prospects and customers.

More than just buzz
The "Red Herring 100 Europe" award is an important part of Red Herring's tradition of recognizing new and innovative technology firms and their entrepreneurial founders. ODM and the other nominees were rigidly evaluated on both quantitative and qualitative criteria such as financial performance, technology innovation, quality of management, execution of strategy, and integration into their ecosystem. This unique assessment of potential complemented by a review of the actual track record and standing of a company 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.

About ON DEMAND Microelectronics (ODM)
ODM is a semicon leader in the development of digital TV solutions, offering fully software-programmable cores for high definition, multi-standard video, image and base band processing. The basis for ODM's product portfolio is the silicon proven VSP (Vector Signal Processor) - a scalable, configurable and fully software-programmable processor. The VSP is most suitable for handling applications of digital signal processing with extremely high performance demands, making it ideal for the target market of digital video.

ODM's product portfolio enables its global customers to enter the digital TV and video market faster than its competitors, with the added benefits of modular tailoring of their application, reduced time to market cycles, minimized risks, prolonged product life cycles and extremely high efficiency in reacting to the dynamics of volatile markets.

ODM was founded in 2002 as a direct spin-off from Analog Devices. ODM's corporate headquarters and design center is based in Vienna, Austria, sales and support offices are located in Austin/Texas, Taipei, Tokyo and Munich. For more information please visit: www.odm.at

About Red Herring
Red Herring is a sophisticated insider's guide to the business of technology, featuring insights on the emerging technologies driving the economy, from the Internet to wireless communications and digital entertainment. Red Herring reports on how innovation and entrepreneurship are transforming business and how the business of technology is transforming the world, providing readers with a deep understanding of venture capital and capital markets. More information on Red Herring is available on the Internet at www.redherring.com.
Für die oben stehenden Pressemitteilungen, das angezeigte Event bzw. das Stellenangebot sowie für das angezeigte Bild- und Tonmaterial ist allein der jeweils angegebene Herausgeber (siehe Firmeninfo bei Klick auf Bild/Meldungstitel oder Firmeninfo rechte Spalte) verantwortlich. Dieser ist in der Regel auch Urheber der Pressetexte sowie der angehängten Bild-, Ton- und Informationsmaterialien.
Die Nutzung von hier veröffentlichten Informationen zur Eigeninformation und redaktionellen Weiterverarbeitung ist in der Regel kostenfrei. Bitte klären Sie vor einer Weiterverwendung urheberrechtliche Fragen mit dem angegebenen Herausgeber. Bei Veröffentlichung senden Sie bitte ein Belegexemplar an service@pressebox.de.