San Jose, Calif. — May
11, 2005 — InnoPath
Software, the industry leader in
over-the-air (OTA) mobile device
management, today announced that
it has been recognized by Red Herring
as one of the most innovative private
companies that will help shape the
future of the technology world. InnoPath
was named to Red Herring’s
list of the “100 Private Companies
in North America,” demonstrating
the company’s leadership position
in the design, development and delivery
of OTA mobile device management solutions.
“Five years after the dot-com
bubble burst, innovation and entrepreneurship
are thriving. The companies on this
list are proof,” said Red Herring
Editor-in-Chief Joel Dreyfuss.
InnoPath has earned distinction in the market for its unique, end-to-end OTA
device management solution that is enabling wireless operators and handset
manufacturers to securely manage on-device firmware and software over the air,
thereby enabling the cost-effective delivery of mobile handsets with the most
advanced features and functionalities to end users.
Leading operators and handset manufacturers
have selected InnoPath’s OTA
technology as the preferred carrier-grade
mobile device management solution.
InnoPath is the first OTA device management
company to actively update handset
firmware in commercial deployments,
and has helped to bring the first commercialized
OTA-capable mobile phones to market.
Today, millions of handsets have already
been updated in the hands of subscribers
with update-ready technology provided
by InnoPath. With InnoPath’s
proven OTA solution, operators and
handset manufacturers reduce risk,
accelerate time to market for new products
and services, increase customer satisfaction
and retention, lower operating costs,
and increase revenue — offering
a clear service differentiation.
InnoPath’s technology is also
being used for much more than just
software fault resolution. Wireless
operators can use OTA technology as
a platform to enhance customer service
and competitive market positioning
with services such as configuration,
remote diagnostics (monitoring, diagnosing
and repairing handsets remotely) and
feature upgrade (such as user interface
customization and anti-virus software
downloads). InnoPath’s’ vision
is to provide a device management solution
that manages the complete lifecycle
of a mobile device.
“We are honored to have been
selected for an award that recognizes
the innovation, dedication and outstanding
work of the InnoPath team,” said
Dr. Luosheng Peng, CEO, co-founder
and chairman of InnoPath. “As
the leader in over-the-air mobile device
management, InnoPath has set the standard
in supplying a solution that helps
wireless operators and handset manufacturers
keep mobile device software and firmware
current and functional. Today, millions
of active subscribers are experiencing
the value of InnoPath’s update-ready
technology.”
Red Herring’s lists of private
companies are an important part of
the magazine’s tradition of identifying
new and innovative technology companies
and entrepreneurs. Companies like Google
and eBay were spotted in their early
days by Red Herring editors as those
that would change the way we live and
work.
Red Herring’s editorial staff
rigorously evaluated more than 900
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
100 companies will be presenting their
business model and strategy at the
Red Herring Spring conference. Red
Herring Spring will take place May
17-19 at the Monterey Plaza Hotel in
Monterey, Calif. InnoPath CEO, co-founder
and chairman Dr. Luosheng Peng will
provide a company overview at Red Herring
Spring on May 18 at 5:30 p.m. PT.
About Red Herring Spring
Red Herring Spring is an invitation-only
event for CEOs, select senior executives,
and Venture Capitalists. Themed ‘The
Dynamics of Disruptions’, Red
Herring Spring 2005 will bring together
executives from mostly private companies.
These executives will be joined by
senior executives from public companies
and Venture Capitalists. Please contact
Sean Raman at 650.428.2900 or email sraman@redherring.com if you would like
to request an invitation to Red Herring
Spring.
About Red Herring
Red Herring is the weekly
magazine technology entrepreneurs,
investors and industry observers read
to stay ahead of the curve and to be
better informed about the global marketplace.
Red Herring covers technology, innovation,
financial strategies, important personalities
and trends that are transforming the
world of business with unique insight,
opinion and forward-looking analysis.
Readers turn to Red Herring for knowledge
to make strategic decisions, build
companies and create a competitive
advantage for their businesses. Red
Herring articles, blogs, research and
event information can be found online
at http://www.redherring.com/.
