PlateSpin Wins 2005 Best New Company Award in the Second Annual International Business Awards

PlateSpin PowerP2V Was Also Recognized in the Best New Product Category, Receiving a Certificate of Finalist Recognition for its Industry Leading Automated Server Migration Solution


TORONTO, May 10, 2005 (PRIMEZONE) -- PlateSpin Ltd. has been awarded a 2005 International Business Award for Best New Company in 2005. The International Business Awards are the only global, all-encompassing business awards program honoring great performances in the workplace. In the same awards, PlateSpin PowerP2V was recognized as a finalist in the Best New Product Category.

Nicknamed the Stevies for the Greek word "crowned," the awards will be presented to winners at a gala dinner on Thursday, May 19 in the Sheraton New York Hotel & Towers in New York City. The ceremonies will be videocast live worldwide by Speedera Networks, and will be broadcast live on radio in the U.S.A. by the Business TalkRadio Network.

In March of 2003 PlateSpin Ltd. was founded to address enterprise datacenter needs, helping datacenter managers that are faced with shrinking budgets and increased capability expectations. Now, with well over 250 customers and 60 resellers, PlateSpin is providing the world's first fully automated server workload portability platform, which allows operating systems and their associated applications and data to be moved between physical and virtual machine server infrastructure with zero manual effort for VMware ESX Server, VMware GSX Server, and Microsoft Virtual Server 2005. This platform allows PlateSpin to offer commercial solutions that address the needs of IT server consolidation, improved business continuity and disaster planning as well as the way IT test labs are managed.

"Our recent market success and the achievement of being selected for the Best New Company Stevie Award are a result of the dedication and hard work of the team here at PlateSpin," said Stephen Pollack, PlateSpin's CEO. "We focus on solving real business problems in the datacenter. We do that by listening to our customers and by creating the best solutions on the market. The fact that our flagship product, PlateSpin PowerP2V was named as a finalist in the Best New Product category is a testimony to PlateSpin ingenuity and customer focus."

Recipients of the International Stevie Award trophies were selected from more than 600 nominations received from companies and individuals in more than 30 countries. Twenty-one nations have at least one International Stevie winner each, including Argentina, Australia, Brazil, Canada, China, Croatia, the Czech Republic, France, Germany, India, Indonesia, Italy, Korea, Nigeria, Pakistan, Spain, Sweden, Thailand, United Arab Emirates, the United Kingdom, and the U.S.A.

Members of the Awards' Board of Distinguished Judges & Advisors and their staffs selected International Stevie winners from among the Finalists, which were determined by volunteer judges around the world during two months of preliminary judging. "This year we saw a greater international representation among the entries, and this is reflected in the number of countries that are represented in the winners' circle," said Michael Gallagher, founder and president of The Stevie Awards, the organization that runs The International Business Awards. "We congratulate all of the Finalists and International Stevie Awards winners, and we look forward to honoring them for their achievements at our gala awards dinner in New York on May 19."

About The Stevie Awards

Hailed as "the business world's own Oscars" by the New York Post (September 22, 2002), Stevie Awards are conferred in three programs: The American Business Awards, The International Business Awards, and The Stevie Awards for Women Entrepreneurs. Honoring companies of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about The Stevie Awards at http://www.stevieawards.com.

About PlateSpin

PlateSpin is a leading supplier of technology and solutions that help companies measure, consolidate and optimize the server resources in the data center. PlateSpin's unique operating environment portability platform is ideal for enterprises looking to balance and optimize the use of both physical and virtual infrastructure server environments to improve service levels and lower operational costs. PlateSpin was recently named one of the top 25 up-and-coming technology companies by The Branham Group and has won the 2005 International Business Award for Best New Company.



            

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