Innovation Leads Elastic Path to Red Herring 100 List

Innovation Leads Elastic Path to Red Herring 100 List

Ecommerce framework provider included in prestigious list honoring top 100 technology companies

Vancouver, BC, Canada, May 21, 2009 -- Elastic Path Software, an enterprise ecommerce platform provider, announced that it has won the Red Herring 100 North America award. The prestigious list honors the year's most promising private technology ventures in North America.

The Red Herring 100 winners were selected by the editors of Red Herring on the basis of financial performance, technology innovation, quality of management, execution of strategy, and integration into their ecosystem. 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.

"We are pleased to be included in the Red Herring 100 top technology leaders. Companies selected in the past have demonstrated strong growth, and we are honored to continue that tradition," said Harry Chemko, CEO, Elastic Path Software. "We've stayed focused on delivering ecommerce solutions that directly impact revenue streams and improve the overall ecommerce experience for our enterprise customers. That focus has led to our rapid growth and will continue to spearhead our business strategy."

The Elastic Path framework is used by more than 200 clients worldwide. Enterprises such as Aeroplan are able to extend the Java-based framework to develop custom features that fit their unique business needs.

Elastic Path Chief Operating Officer Gord Janzen was also a panelist in the "Self-funded Companies" roundtable at the annual Red Herring North America conference in San Diego. Elastic Path Software is a profitable and privately-held company that has grown organically without any outside capital. More than 350 CEOs, investors, government officials, and senior corporate business development executives gathered at this event.

About Elastic Path Software
Elastic Path Software provides a flexible ecommerce platform that gives enterprises the capabilities and control to deliver innovation in a complex environment. The Java-based platform enables integration with SOA environments and rapid development of custom features. Enterprises can now quickly adapt ecommerce tactics to gain a competitive advantage. Companies such as Aeroplan, Time Inc, and Samsonite use Elastic Path for maximum control over their evolving online stores. For more information, please visit https://www.elasticpath.com.