Pano Logic Selected as Finalist for the 2008 Red Herring North America 100 Awards

Award Recognizes the 100 "Most Promising" Companies Driving the Future of Technology

MENLO PARK, Calif. – May 5, 2008 – Pano Logic™, developer of a server-based virtualized desktop solution, today announced that the company has been selected as a finalist for the Red Herring 100, a selection of the 100 most innovative private technology companies based in North America. The Red Herring editorial board identified the top 200 from out of more than 800 closely evaluated companies that are leading the next wave of innovation.

"We can see the exciting evolution of the technology sector reflected in the quality and variety of exceptional companies that we had to choose from in putting our list together," said Joel Dreyfuss, editor-in-chief of Red Herring." It was tough to choose just 200 finalists from such a large list of excellent contenders, and we are very happy with the quality of the companies we selected as finalists."

Launched in August 2007, Pano Logic reinvents desktop computing by leveraging industry-standard hypervisor technology which enables a totally new approach to the traditional PC-centric desktop architecture by creating the first all hardware, no software desktop virtualization architecture. The Pano Logic solution provides a superior end-user desktop experience with the benefits of: unified client management capabilities; simplified client set-up; empowered end users with access to easy self-help; support for the latest OS capabilities with minimal client intelligence; and a far lower total cost of ownership.

"Pano Logic delivers an innovative desktop virtualization architecture, that will change the way IT and organizations think not only about client computing, but about the desktop," said Nick Gault, CEO of Pano Logic. "We are honored to be recognized for our accomplishments toward this goal, and be selected as a finalist for the Red Herring 100."

The 100 winning companies will be announced at the Red Herring North America event. The CEOs of the winning startups will present their innovative ideas and technologies to an audience of leading entrepreneurs, financiers, and corporate strategists at the event in San Jose, California, on May 12-14 at the Fairmont. This year's Red Herring 100 North America event marks the 11th anniversary of the Red Herring 100 Awards. In celebration, the event will feature keynote addresses from legendary VC investors and CEOs of leading Internet, information, and communications companies. Register online at: http://herringevents.com/northamerica08/index.html

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 www.redherring.com.

About Pano Logic

Founded in 2006, Pano Logic develops virtualization-based software and hardware solutions that deliver superior desktop computing. The company is privately held, and backed by leading investment firms ComVentures, Foundation Capital and Goldman Sachs. Pano Logic is headquartered in Menlo Park, California. For more information about Pano Logic, visit www.panologic.com.

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Media contact:

Heather Fitzsimmons
Mindshare PR
650-947-7400
heather@mindsharepr.com

Red Herring contact:

Anam Alpenia
Red Herring, Inc.
650-428-2900
aalpenia@redherring.com

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What customers say:

“One of the main reasons we chose Pano was due to the versatility of the device. Financial instituations use serial printers which are not supported by most other virtual desktops solutions but we were able to make it work with the Pano solution.”

Bryan Nash, SVP of Information Technology at McHenry Savings Bank

“Our users have been up and running quickly, and have benefited from the fact that the Pano devices just work and don’t require the same amount of maintenance as PCs.”

Derek Niedermayer, Network Support Supervisor at McHenry Savings Bank

“Before the Pano solution our training room could take a half to a full day for two people to deploy. We needed a way to make the process a lot faster and the Pano virtual desktops did just that.”

Nathan Pingel Network Manager at Baker Hill

"What appeals to me with Pano is the simplicity of the solution. I basically provisioned my virtual desktops and was able to start using our new Panos literally within a couple of hours."

Jeff Cunningham Director of Information Systems AREC Department University of Maryland

“There were many features that attracted me to the Pano device. Two of the main ones are that it was the most cost-effective solution on the market, and it easily integrated with our existing virtualization infrastructure.”

Derek Niedermayer, Network Support Supervisor at McHenry Savings Bank

“We chose Pano due to the versatility of the device. Financial institutions use serial printers which are not supported by most other virtual desktop solutions, but we were able to make it work with the Pano solution.”

Brian Nash, SVP of information technology at McHenry Savings Bank

“Since Pano is a zero client, we just plugged it in and it worked right out of the box. The Pano Logic concept was very simple, so we quickly saw how Pano could replace our other existing desktops.”

Kunal Patel, IT director at Nina Plastics

“Pano virtual desktops have significantly decreased my workload and made it easier for me to implement software changes and updates.”

Derek Niedermayer, Network Support Supervisor at McHenry Savings Bank

“We view Pano Logic’s approach to desktop virtualization as an incredibly revolutionary way for end-users to lower TCO and obtain a number of benefits.”

Jeffrey Slapp, President and CEO of Fairway Consulting Group, Inc.

Primary links

Pano Logic Selected as Finalist for the 2008 Red Herring North America 100 Awards

About Red Herring

About Pano Logic

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