EL SEGUNDO, CALIFORNIA  MAY 13, 2013 – ClearPath Networks, a leading global provider of cloud managed virtual networking solutions, announced today its selection as a finalist for Red Herring’s Top 100 North America award, a prestigious list honoring the year’s most promising private technology ventures.

“We welcome this selection as it further validates the large market opportunity in virtual network services, and ClearPath leadership in this space,” said Cliff Young, ClearPath’s CEO.

Finalist selections for the 2013 edition of the Red Herring 100 North America award are based upon technological innovation, management strength, market size, investor record, customer acquisition and financial health. During the several months leading up to the announcement, hundreds of companies in the fields of security, Web 2.0, software, hardware, cloud, mobile and others completed their submissions to qualify for the award.  ClearPath was selected among a small group of software networking companies including Big Switch Networks, Zscaler, and Jamcracker.

Red Herring has been selecting the most exciting and promising start-ups and “scale ups” since 1995. Finalists are selected from a large pool of hundreds of candidates based across North America. Twenty major criteria underlie the scoring and process. They include, among others: the candidate company’s addressable market size, its IP and patents, its financing, the proof of concept, trailing revenues and management’s expertise. “The finalists list confirms the excellent choices made by entrepreneurs and VCs and the start-ups’ solid roots in corporate America, embracing their innovations. By all metrics, it emphasizes the United States’ entrepreneurial excellence,” said Alex Vieux, publisher and CEO of Red Herring.

Finalists are asked to present their winning strategies at the Red Herring North America Forum in Monterey, California. Mr. Young will be presenting on Thursday, May 23.

About ClearPath Networks, Inc. Founded in 2002 and headquartered in El Segundo, California, ClearPath invented cloud managed networking in 2004. The company holds a family of U.S and international patents that enable secure network deployments across multiple networks for both premise-based and virtual endpoints. Based on virtualized networking technology, ClearPath provides cloud managed networking services and infrastructure for Service Providers and Solution Providers in the North America, Europe, Middle East and Asia Pacific regions.

Now serving over 5,000 enterprises across 60 countries, through market leading service providers including, Deutsche Telekom, BT, TelePacific, Hvartski Telecom, BullsEye Telecom, and many others, ClearPath offers both wholesale cloud managed networking as-a-service as well as highly scalable telecom grade infrastructure.

ClearPath press contact: Ian Harrington +1 (310) 955-5177

+1 (310) 955-5000