Red Herring announced today that it has selected A href="http://www.bitband.com" target="_new" rel="nofollow">BitBand, a leading provider of video delivery solutions over IP broadband networks for telcos, as a recipient of Red Herring 100 Europe, a selection of the 100 private companies based in the EMEA (Europe, Middle East and Africa) region that play a leading role in innovation and technology. BitBand was previously selected for the 2005 Red Herring 100 Europe, making this the second year in a row that the company is recognized as a most promising technology firm.

As part of the recognition as a Red Herring 100 Europe company, Arie Aig, BitBand's VP of Technology & Innovation, has been invited to present at the 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 event takes place on May 8-10 at the Westin Paris. "Market obstacles remain but our list shows that great companies are being created in Europe," said Red Herring editor-in-chief Joel Dreyfuss.

"We are honored to have been selected by Red Herring for this prestigious award for the second year in a row," said Ervin Leibovici, BitBand's CEO. "In the past year BitBand has enriched its offering by presenting the IPTV market with innovative and advanced solutions, such as TV on Demand applications, smart content delivery algorithms, and high streaming performance. We continue to be committed to providing our customers and partners with innovative IPTV solutions based on our technological expertise and field experience.”

Red Herring's lists of top private companies are an important part of the magazine's tradition of identifying new and innovative technology companies and entrepreneurs. Companies like Google, eBay and Skype were spotted in their early days by Red Herring editors as those that would change the way we live and work. Red Herring’s editorial staff rigorously evaluated more than 700 private companies through a careful analysis of financial data and subjective criteria, including quality of management, execution of strategy, and dedication to research and development.