Colombo, Sri Lanka and Boston – August 31, 2006 – WSO2, the open source technology company devoted to building Web services middleware, was recently named a winner of the Red Herring Asia 100 award. The award is given to companies deemed the most promising private technology companies in Asia based on their technology innovation, management strength, market size, investor record, customer acquisition and financial health. Since its official launch in June 2006, WSO2 has captured the attention of the Web services and open source communities. Founded by technology pioneers, the WSO2 team is comprised of individuals instrumental in establishing Web services and SOAP standards, and longtime contributors to the Apache open source project. "We are thrilled that WSO2 has been chosen as a winner of the Red Herring 100 Asia award," said Sanjiva Weerawarana, CEO of WSO2. “It is especially meaningful that we are the only company on the list from Sri Lanka. This award not only reinforces our country’s growing global presence in the technology marketplace, but also puts WSO2 on the map as a company with a truly entrepreneurial perspective on open source middleware.” As a developer of open source platforms for Web services, WSO2’s objective is to create a new middleware platform designed from the ground up that supports future Web-centric, community-oriented applications and services. WSO2’s first product, WSO2 Tungsten, is an application server based on XML and Web services designed to support Service Oriented Architecture (SOA). It is the only open source application server designed to fully support Web services in a simple, clean, lightweight model that cuts out the unnecessary layers that complicate competing products, thereby makes it much faster and easier to develop, deploy and manage applications. This approach vertically integrates Web services middleware stacks consisting primarily of components developed in the Apache Web services project.