NEW YORK--(BUSINESS WIRE)--July 26,2007, Pando Networks, Inc., a peer-to-peer content distribution technology developer whose users download and share large media files, today announced that it has been chosen by AlwaysOn as one of the AO100 Top Private Companies for 2007. The fifth-annual elite AO100 list was compiled by AlwaysOn’s editorial panel. To be eligible for the list, companies had to be peer-nominated; AlwaysOn received more than 1,000 nominations from venture investors, investment bankers and other industry experts.
Pando and the other AO 100 Top Private Companies for 2007 are to be honored at AlwaysOn Stanford Summit from July 31 – August 2 at Stanford University. The Stanford Summit is an executive gathering highlighting significant economic, political and commercial trends affecting global technology industries. AO100 Top Private Companies identifies the most promising global technology entrepreneurial opportunities and investments.
"The AlwaysOn 100 Top Private Companies will shape the future of our globally-connected technology environment," explained Tony Perkins, founder and editor of the AlwaysOn publication. "We were inundated with nominations from companies driven by tomorrow's thought leaders and technology visionaries who are hard at work pushing the limits of innovation. My congratulations to each AlwaysOn 100 winner —these are the companies which we predict will have the greatest market traction, strongest innovation and most game-changing approaches this year."
Pando’s patent-pending P2P platform includes a free 3MB desktop application that enables consumers to subscribe to and download full-screen HD Internet TV, videos, audio, photos and games and easily share those files—or their own—via e-mail, IM or the Web. Pando is available on Windows, Mac and Linux versions. More than 10 million people have downloaded Pando since its launch 14 months ago.
“Distributing HD video over the Internet is happening now and will only accelerate,” said Pando CEO Robert Levitan. “Pando's rapid growth combined with this AlwaysOn Top 100 award signals that our products are going to play a critical role in delivering increasingly larger media files that current Internet technologies cannot support.”
A full list of all AlwaysOn Top 100 Private Companies is found at: alwayson.goingon.com/permalink/post/15899.
About The AlwaysOn Stanford Summit
The Stanford Summit is a two-and-a-half-day executive gathering that highlights the significant economic, political and commercial trends affecting the global technology industries. The Stanford Summit features the most innovative companies, eminent technologists, influential investors and journalists in keynote presentations, panel debates and private company CEO showcases. The Stanford Summit's goal is to identify the most promising entrepreneurial opportunities and investments in the global tech industry.
About Pando Networks
Pando Networks is a leading provider of managed peer-to-peer media distribution services that enable content owners to cost-effectively distribute hi-resolution media via the Web, RSS, E-mail, IM and portable devices. Pando's patent-pending peer-to-peer platform combines commercial-grade content control with consumer super-distribution. Based in New York, the private Pando Networks is led by CEO Robert Levitan, the co-founder of iVillage. The Company is funded by Intel Capital, BRM Capital and Wheatley Partners. For more – or to start using Pando immediately – please log on to pando.com.
ALWAYSON ignited the open-media revolution in early 2003 by being the first media brand to launch a global blog network. In 2004, ALWAYSON continued to lead the media industry in innovation by introducing a social network where members can connect and engage. ALWAYSON is also revolutionizing the media business by applying its open-media principles to its executive event series (STANFORD SUMMIT, ALWAYSON HOLLYWOOD, ALWAYSON MEDIA and GOINGGREEN) and quarterly print “blogozine” by empowering its members to post and share their ideas and meet each other online. As our loyal readers know, ALWAYSON is committed to the free-market, merit-driven approach to reporting and event programming. No other media brand has dared to create such open interaction with its readers and event participants.
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