Streaming Video Champion Mydeo Named a Finalist of Red Herring 100 Europe 2007

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The future of European online video in safe hands as Mydeo are selected as finalists for the Red Herring 100 Europe 2007. After an exciting start to the year the streaming video start-up promises bigger and better things for consumer and small business video in 2007.

Red Herring announced that Mydeo was named a Finalist of Red Herring 100 Europe, an award given to the top 100 private technology companies based in the EMEA (Europe, Middle East and Africa) region each year. The UK-based start-up has built a strong offer based on quality of service and a trusted brand; providing small businesses and consumers the sort of quality streaming video usually afforded only by large corporates.

"This year's impressive list, and unprecedented number of submissions from companies demonstrates Europe's emergence as a major player in the global technology sector," said Red Herring Editor-in-Chief, Joel Dreyfuss. "The exceptional accomplishments of European technology companies and entrepreneurs are a testament to the rapid advancements being made in building the European innovation ecosystem."

Red Herring's 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 700 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.

"It was an honour to be recognised by Red Herring, to figure amongst the leading technology companies and to have our profile raised again amongst the VC community. With the partnerships we have in place and an exciting roadmap ahead we are confident we can use this as a springboard to even bigger and better things." said Cary Marsh, Mydeo CEO also nominated for the Blackberry Women in Technology awards in 2006.

Red Herring honoured the Red Herring 100 Europe Finalist companies at its Venture Market Europe (VME) 2007 event on the 25-27th March, at the Intercontinental Carlton. This intimate, three-day event was themed "The Pursuit of Disruption" and explored how European firms are leading the charge in many technology sectors, gaining the competitive advantage, and driving entrepreneurial success in ways that create business opportunities for challengers and incumbents alike.

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 http://www.redherring.com.

About Mydeo
Founded in 2004 by Cary Marsh and Iain Millar, Mydeo won a Research & Development Grant for Technical Innovation from the UK Department of Trade and Industry. Mydeo provides quality global streaming video hosting for home and business users. The site provides simple online tools that help users upload and distribute videos to friends, family, customers and prospects, as well as live statistics to track how popular videos have been. Microsoft's first and only European Windows Movie Maker hosting partner, the service now has over 100,000 users spanning over 180 countries.

Mydeo uses a global content delivery network for storage and delivery together with secure streaming to guarantee security for Mydeo users' content. This means that small businesses as well as the humble home video maker can enjoy the quality and reliability of a world-leading streaming network, something they would never have been able to purchase on their own.

Recent Awards
ISPA Awards, Best Streaming Service finalist 2007
IWA Europe 'Best Streaming Innovation' finalist 2007
WebUser Magazine 'Best New Websites' 2006
Blackberry Women in Technology Awards, Best Use of Technology finalist 2006
HSBC Start-up Stars Regional Winner 2006
NatWest Startup Awards, Best Use of Technology finalist 2006
ISPA Awards, Best Streaming Service finalist 2006
Growing Business Magazine '50 to watch for 2006'
Real Business Magazine 'Young Guns 2006'
Digital Video Magazine Gold Award Winner 2006

Notes to Press
For further information please go to http://www.mydeo.com or contact +44(0) 7799 622 146
For previous press releases: http://www.mydeo.com/press

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Cary Marsh
Mydeo
+44(0)7799622146
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