Press Release

CollabNet among finalists for "Red Herring 100 Global" awards 2007

The Most Promising Private Technology Ventures in the World to be Celebrated at Event in Seattle, Washington

BRISBANE, Calif., Nov. 29, 2007 — Red Herring Magazine announced today that CollabNet, the leading collaborative platform for distributed software development and the primary sponsor of the Subversion® open source project, has been short listed for the Red Herring 100 Global 2007 Awards. Red Herring 100 winners and finalists from North America, Europe and Asia for the last three years were eligible for this award. The Red Herring editorial team used a very competitive process to whittle down this pool of 1800 eligible promising companies to the 200 finalists for this first-time award. Evaluations were made on both quantitative and qualitative criteria such as financial performance, innovation, management, global strategy, and ecosystem integration.

The names of the 200 companies short-listed as finalists for the "Red Herring 100 Global 2007" can be found online at http://www.herringevents.com/global07/index.html.

"The 200 finalists we selected from around the world are all excellent contenders," said Joel Dreyfuss, Editor-in-Chief of Red Herring. "They are exceptional companies with smart and innovative platforms that attest to the importance of technology in today's global economy."

CollabNet has made the final group because of its outstanding achievements, and Red Herring Magazine is honored to announce it is one of the most promising technology firms in the world.

"It is an honor for CollabNet to be listed among the top companies in the world," said Bill Portelli, CEO of CollabNet. "The Red Herring Global 100 nomination illustrates the growing importance of distributed development and collaboration in application development to drive innovation and shorten the development cycles, as well as CollabNet's execution of an innovative business model. The success of our customers in leveraging the benefits of distributed development demonstrates that CollabNet is among the elite technology companies in the world."

The finalist companies will be celebrated at the Red Herring Global event in Seattle, WA, on December 3-5. The 100 winners will be announced at the Award Ceremony on December 4.

Red Herring Global is an exclusive event honoring cutting-edge private technology companies from across the world. The event brings together an elite roster of entrepreneurial and global venture investment firms to showcase excellence in innovation. It features keynote discussions, roundtable panels and networking events designed for participants to make connections and learn what it takes to achieve the best worldwide in business and technology.

Distinguished speakers at Red Herring Global include Bruce Jaffe, Corporate VP at Microsoft; Promod Haque, Managing Partner at Norwest Venture Partners; David Chao, Cofounder and General Partner, DCM; among others.

About Red Herring

Red Herring is a global media company uniting 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 research, 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. For more information, visit www.redherring.com.

About CollabNet

With 1.2 million users, CollabNet is the most widely used platform for distributed software development and collaborative lifecycle management. Now combined with SourceForge Enterprise Edition, the company is transforming the way software is developed by enabling companies to leverage global development talents and resources to deliver better products, innovate faster and reduce development infrastructure costs by 50%.

CollabNet is the primary sponsor of Subversion, a core component in CollabNet’s portfolio of software development products: CollabNet Subversion enables enterprises to safely deploy Subversion by providing governance, advanced security and effective user and project administration around Subversion. CollabNet Enterprise Edition and SourceForge Enterprise Edition deliver an integrated platform for collaborative application lifecycle management that enables project members to work as one team throughout the project lifecycle regardless of their location. CollabNet’s CUBiT provides distributed development organizations with a ground-breaking virtualization solution to centrally and dynamically provision build and test environments.

openCollabNet™(www.open.collab.net) is an online extension to CollabNet; this Web 2.0 community dedicated to developers using Subversion and CollabNet offers discussion forums, in-depth technical information, product extensions, and free downloads of CollabNet’s and partners’ products.

More than 350 industry leading companies use CollabNet’s solutions today, including Reuters, Philips Medical Systems, Capgemini, and Barclays Global Investors among others. Visit CollabNet at http://www.collab.net or get more information about Subversion at http://www.collab.net/subversion.

Copyright© 2007 CollabNet, Inc.
CollabNet, openCollabNet, SourceForge and CUBiT are trademarks of CollabNet, Inc. or its licensors. All other company and product names are trademarks of their respective owners.