ActionBase Named as Finalist for the Red Herring 100 Europe 2009

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Award Given to the Top 100 Private Technology Companies Based in the EMEA Region

ActionBase, a pioneer in Human Process Management Solutions(HPMS), today announced it was named a finalist of the Red Herring 100 Europe 2009, an award given to the top 100 private technology companies based in the EMEA (Europe, Middle East and Africa) region each year. ActionBase is experiencing worldwide growth and recognition for its work within HPM, and its leadership role in creating greater awareness and solutions for unstructured processes within organizations.

A global media company, Red Herring's editorial staff rigorously evaluated several hundred 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. Red Herring's lists of top private companies are an important part of the publication's tradition of identifying new and innovative technology companies and entrepreneurs.

ActionBase provides a structure for organizations to manage processes by defining next steps, responsibilities and timelines for actions where people naturally turn to e-mail and spreadsheets. Designed for the dynamic and flexible flow, ActionBase provides human process management and tracking capabilities that ensure follow up, visibility and compliance, as well as a system of record for unstructured processes. ActionBase's HPMS is used across a wide range of diverse industries such as oil and gas, utilities, process manufacturing and telecommunications.

"Our nomination to the Red Herring 100 Europe is a great validation that our work within the HPMS market is resonating. More and more companies are starting to understand how to improve efficiencies, streamline processes and save costs by managing their unstructured business processes," said Eyal Maor, CEO of ActionBase. "This recognition is a testament to our practice of providing process management innovation that enables businesses to operate more effectively while reducing costs in this down economy."

ActionBase's CEO Eyal Maor will present on "how to effectively manage human processes and deal with information overload in a down economy" at the Red Herring Europe 2009 Conference on April 1, 2009, at 4:00 p.m., at the Berlin Radisson Hotel in Berlin, Germany. The event will explore how European firms are leading the charge in many technology sectors, gaining a competitive advantage and driving entrepreneurial success in ways that create business opportunities for challengers and incumbents alike.

About ActionBase
ActionBase is a leading provider of Human Process Management Solutions that enable businesses - over 150 Fortune 100 to Fortune 500 organizations worldwide - to manage their business critical processes. The company supports an ad-hoc and dynamic working environment by providing full visibility and control over unstructured processes that were previously managed via plain documents and e-mail correspondence. ActionBase works with global IT leaders including BG group, Orange, Texas Instruments and Amdocs, and specializes in complex industries such as Oil and Gas, Utility and Telecom. The company is headquartered in Israel with offices in the United States and United Kingdom. For more information, please visit http://www.actionbase.com.

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Melissa Cohen
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