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vVAULT NAMED TO
PRESTIGIOUS FORTUNE SMALL BUSINESS "NEXT HOT COMPANIES"
LIST
Mobile Productivity
Solutions Company is One of 65 "FastTrack"
Start Ups
San Francisco, CA
(May 8, 2001) - vVault, a
leading provider of infrastructure technology for mobile
productivity applications, today announced its listing
on Fortune Small Business' Top 65 "Next Hot Companies"
list of fast-track startups, as found in the magazine's
May issue. Fortune Small Business editors selected vVault
from candidates nominated by 1,200 sources, including
the National Venture Capital Association, the National
Business Incubation Association, colleges with entrepreneurial
programs, and PriceWaterhouseCoopers, which surveys
VC-backed companies.
The Fortune Small Business
list of small companies with big ideas profiles promising
young businesses in a range of sectors. The editors
evaluated companies on several criteria, including funding
raised to date and announced customers. The article
noted vVault's value proposition - to help leading communications
companies generate new revenues by deploying next-generation
mobile productivity applications: "[vVault] provides
its technology to telecom carriers and PDA software
makers, who pay vVault an undisclosed licensing fee,"
wrote FSB. "The customers then use it as a service to
attract more clients." As mentioned in the review, wireless
service provider OmniSky will be the first to offer
vVault-powered email attachment view to its subscribers.
"Thousands of young
companies seek the prestige of being recognized by Fortune,"
stated Will Aldrich, CEO of vVault. "We were thrilled
to be highlighted as one of the most notable start ups
of the year. Following on the heels of vVault's recent
WAPPYAwards and customer wins, this honor adds further
momentum to the market traction we're experiencing this
year."
vVault licenses the
award-winning vVault Platform - mobile productivity
technology that enables mobile professionals to access,
send, and collaborate on business critical documents
through fax, email, the Web, and emerging wireless devices
- to leading communications companies. With vVault,
mobile professionals can view key business files wirelessly
(including email attachments) and print documents remotely
via fax. The vVault Platform was recently named "Best
Group Productivity Solution" and won "Best of Show"
at Cellmania's annual WAPPYAwards at the CTIA convention
in Las Vegas. The competition was co-sponsored by Hewlett-Packard
and AT&T Wireless.
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