CUPERTINO, CA. - May 26, 2009 - ParaScale, Inc., a startup company developing cloud storage solutions, today announced that it has been selected as a winner of the Red Herring 100 North America Award.

The Red Herring editorial team deploys a detailed process to whittle down a pool of 1,000 eligible, promising companies to the 200 Finalists and in a last round decided for the top 100 winners of this important North American award. Evaluations are made on both quantitative and qualitative criteria, such as financial performance, innovation, management, global strategy, and ecosystem integration. The Winners, elite executives and venture capital leaders from North America celebrated the Top 100 Privately Held Companies in San Diego, May 11-14, 2009. Past award winners include Google, Yahoo!, Skype, Netscape, Salesforce.com, and YouTube.

“We are honored to be named as one of North America’s most promising private technology companies by Red Herring,” said Sajai Krishnan, CEO, ParaScale. “It is validation of the tremendous opportunity cloud storage presents to cost-effectively deliver storage as a service at uber-scale and a tribute to ParaScale’s industry-only approach of providing downloadable software on commodity Linux servers to build enormous storage pools.”

ParaScale is a highly flexible alternative to traditional NAS and cluster storage solutions. Designed to solve the challenges of next generation data types and workloads, ParaScale technology can be applied to challenges in many industries across many use cases. By combining ParaScale software and buyer selected standard servers, managed service providers can build different types of public clouds and offer a variety of cloud storage services, while enterprises can start small and build their own internal clouds inside the firewall.

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 online at http://www.redherring.com/

About ParaScale, Inc.
ParaScale is headquartered in Silicon Valley and is focused on addressing the exploding bulk storage requirements for unstructured data including digital content and archival data. By combining ParaScale software and buyer-selected standard servers, service providers can build different types of public clouds and offer a variety of cloud storage services, while enterprises can start small and build their owninternal storageclouds within their own network. For more information visit, www.parascale.com.

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