LINKOPING, Sweden, Nov. 21, 2007 (PRIME NEWSWIRE) -- The European Tech Tour has named the 25 most promising Technology and Web 2.0 companies in Europe. Xcerion, the Swedish company behind the revolutionary "Cloud OS" (XIOS/3), the world's next Operating System today announced that it was selected as one of the 25 Winners at the 2007 Web & Communities Summit at the European Tech Tour. The European Tech Tour showcases Europe's most promising companies to selected technology leaders, leading VCs, media and other people in the industry.
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Daniel Arthursson, CEO of Xcerion, said, "Xcerion is proud to have been chosen as one of the top 25 companies at the European Tech Tour. We are pleased that Xcerion and our 'Cloud OS' (XIOS/3) have been recognized with top honors. 2007 has been an exciting year for Xcerion with the launch of our initial Beta of our 'Cloud OS,' and we are looking forward to continued success. We are building a great company".
The event included start-ups from all across Europe that demonstrate strong potential to excel in today's fiercely competitive Web 2.0 & Online Communities market.
Pamir Gelembe, consultant at Newtonmore Capital and the 19 person selection committee composed of experienced, pan-European investors (Venture Capital firms & Business Angels), industry professionals, and market leaders such as Google and Electronic Arts selected the Top 25 companies from a selection of 600 companies.
For press inquiries, please contact pr@xcerion.com (http://xcerion.com/presskit)
About Xcerion
Founded in 2001 by Daniel Arthursson, Xcerion AB (xcerion.com) provides a XML Internet OS (XIOS/3) as a Web 2.0 service over the Internet. The service changes how software is distributed, sold and developed. The service includes a complete OS, productivity tools and various applications needed for everyday computing. It scales for millions of users. The core technology behind the Internet service is a new XML OS driven by an XML Virtual Machine. Xcerion AB is based in Linkoping, Sweden with offices also in Stockholm, Sweden and Seattle, USA. The key management team includes, Daniel Arthursson CEO, Jonas Thornholm CFO and Marcus Bristav CTO. Xcerion AB is privately held and backed by Northzone Ventures, Scandinavia's leading Venture Capital firm with US $450 million under management.
The Xcerion logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=4461
About Northzone Ventures
Northzone Ventures has backed early stage Nordic technology winners since its inception in 1994. Northzone has nine General Partners based in Stockholm, Oslo and Copenhagen, and has through their five funds invested in close to 50 companies -- they are currently active in 25 technology companies throughout Scandinavia. Northzone V was raised in April 2006 with 175 million Euro from top-tier European institutional investors. Present and past portfolio companies include Funcom (Oslo:FUNCOM), Lastminute (acquired by Travelocity, Inc.), Nextgentel (acquired by TeliaSonera), Pricerunner (acquired by Valueclick, Inc.), Stepstone (Oslo:STP) and Trolltech (Oslo:TROLL). For more information please visit www.northzone.com.