Boston, MA – May 09, 2006 – Axerra Networks, “The Pseudo-Wire Company®” and the leading provider of circuit emulation and service emulation solutions, announced today that it is the recipient of the prestigious Red Herring 100 Europe award. Each year, publisher Red Herring evaluates private companies and identifies those that are playing a leading role in innovation and technology. Axerra was chosen from more than 700 candidates in the EMEA region.

According to Red Herring, their editorial staff rigorously evaluated financial data and subjective criteria, including quality of management, execution of strategy, and dedication to research and development. Companies like Google, eBay, and Skype were identified in their early days by Red Herring editors as those that would change the way we live and work. This year, Red Herring editor-in-chief Joel Dreyfus commented, “Market obstacles remain but our list shows that great companies are being created in Europe.”

“It is an honor to be included in this well-respected list of winners and yet another confirmation of Axerra’s technology vision and business acumen,” said Gil Biran, Axerra’s Founder and COO. “Axerra was also recently named as a 2006 GSM Association Award ‘Commended Nominee’ for the ‘Best Radio Access Product or Service.’ We’re excited to now receive recognition from Red Herring which further validates our technical and strategic direction for Pseudo-Wire technology.”

To honor the CEOs of Red Herring 100 Europe companies, Red Herring has invited each CEO to present his or her company at its Venture Market Europe 2006 conference, a forum for technology’s most exciting companies to share their insights on the future of innovation and the entrepreneurial journey. The two-day conference is scheduled for May 9-10 in Paris. Information can be found at www.redherring.com/events.

Axerra is currently showcasing its Pseudo-Wire solutions at IIR’s Transport Networks for Mobile Operators 2006 conference in Berlin May 8 – 11 at Stand #12 and will be exhibiting at SVIAZ EXPOCOMM May 10 – 13 in Moscow at Pavilion #2, Hall #2, Booth #22E65. For more details, please visit www.axerra.com/events.asp.


About Axerra Networks, Inc.

Axerra Networks is the leading provider of circuit emulation and service emulation solutions over packet access networks. Axerra’s Pseudo-Wire solutions enable mobile wireless operators, cable MSOs, competitive service providers, and incumbent carriers to extend IP + legacy voice and data services in native format over Ethernet, IP, and MPLS networks. The result is greater operational efficiency, new revenue opportunities, and a smooth migration strategy to a single converged network, without stranding any revenue streams from profitable legacy services. With Axerra’s Pseudo-Wire solutions, service providers can convert any packet access network (Carrier Ethernet, broadband wireless including WiMAX, cable HFC, xDSL, PON, etc.) into a full-service alternative to TDM access. For more information, please visit: www.axerra.com.

About Red Herring

Red Herring, Inc., founded in 1993, is a media company whose mission is to cover innovation, technology, financing and entrepreneurial activity. Its staff of award-winning journalists tell readers what's first, what matters and most importantly, why.

Red Herring is dedicated to thorough research, relevant metrics deep financial analysis, in-depth reporting, crisp writing and thoughtful debate. We are a skeptical, intelligent and trustworthy source of information in technology business. Our primary obligation is to provide the most relevant, honest and independent information and analysis to our audience, with the conviction that an exceptional editorial product is the best catalyst for
success and the best way to serve our advertisers and investors. Our content
is original, compelling and actionable for industry executives and entrepreneurs.

A privately held company, Red Herring, Inc. is headquartered in Belmont, California. For more information visit www.redherring.com.

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