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March 15, 2013

Varaani named a Red Herring Europe Top 100 Finalist

Varaani, the award-winning company that provides care-free personal cloud storage solutions that enable end users to do nothing and save everything, announced today that it was selected as a finalist for the Red Herring Europe Top 100 award. The prestigious list honors the most promising private technology ventures from Europe and recognizes Varaani’s achievements and potential to improve the way people save and access their personal content.

The Red Herring editorial team selected the most innovative companies from a pool of hundreds from across Europe. The nominees are evaluated on 20 main quantitative and qualitative criterion: they include disruptive impact, market footprint, proof of concept, financial performance, technology innovation, social value, quality of management, execution of strategy, and integration into their respective industries.

"This year was rewarding, beyond all expectations" said Alex Vieux, publisher and CEO of Red Herring. "The global economic situation has abated and there are many great companies producing really innovative and amazing products. We had a very difficult time narrowing the pool and selecting the finalists. Varaani shows great promise and therefore deserves to be among the Finalists. Now we’re faced with the difficult task of selecting the Top 100 winners of Red Herring Europe. We know that the 2013 crop will grow into some amazing companies that are sure to make an impact."

The Varaani Cloud Hub solution provides an easy way to save, backup and access all your personal content from any device. According to a recent study, an average household already has over half a terabyte worth of important data such as pictures and videos, and this amount will grow exponentially in the next few years. This data needs to be saved and backed up somewhere, as well as easily accessible from any device. Current solutions either provide too little storage as terabyte-level Cloud storage is expensive and slow and inefficient to access, or do not allow the content to be accessed and consumed easily. Varaani Cloud Hub combines the benefit of terabyte storage, automatic backup, and being able to quickly access the content from your mobile, tablet, PC, or browser in a seamless user experience.

The Varaani Cloud Hub solution consists of a beautifully designed Cloud Hub Storage device with multi-terabyte redundant storage capacity for in the home or SME office, a back-up service that backs up all the content automatically to a secure Cloud service, and applications for tablet, mobile, and PC to store, access, and share the content. The solution is offered as a white-label service to service providers worldwide. Varaani’s patent pending technology enables the storage of large amount of backup data with far better efficiency than most other technologies.

“To be a finalist for Red Herring Top 100 is a great opportunity for Varaani to gain international awareness”, said Kimmo Lahdensivu, CEO of Varaani. “The feedback from end users is extremely positive as the Varaani Cloud Hub provides them with a very safe and convenient way to store, protect, consume and securely share their content, from any of their devices with zero-configuration. Our service provider customers have healthy margins on reselling the Varaani Cloud Hub solution under their brand. It allows them to bring additional services other than telecommunication to the same customer, which is key to drive their revenue growth”.

The Finalists are invited to present their winning strategies at the Red Herring Europe Forum in Amsterdam, April 8-10, 2013. The Top 100 winners will be announced at a special awards ceremony the evening of April 10 at the event.