Cymphonix CEO and President are named to vSpring Capital’s List of the 2008 Top 100 Venture Entrepreneurs in Utah

v|100 Fosters Collaboration Among Entrepreneurs and Showcases Utah's Most Successful Venture Entrepreneurs

Salt lake City, Utah--vSpring Capital recently announced the 2008 class of the vSpring Capital Top 100 Venture Entrepreneurs, also known as the v|100.

This is the third year Kevin Santiago was named to the group; he is joined this year by Brent Nixon, the president of Cymphonix.

The v|100 was created in 2004 by vSpring Capital as a tool to recognize outstanding entrepreneurs who have ties to the state of Utah. Members of the v|100 become part of a community of entrepreneurs that fosters collaboration and support among its members as they build and grow some of the most exciting companies. Each year, vSpring asks members of the Utah business community to nominate individuals who are most likely to lead a successful startup technology venture in the next five to seven years in a c-level executive role. Those nominees who garner the most votes from their peers in a nominee-only second step of the annual voting process are then elected into the v|100.

"The number of nominations submitted this year exceeds all previous years and we are pleased with the results that the v|100 voting process produces," said Paul Ahlstrom, managing director of vSpring Capital. "New venture creation is critical to the growth of our economy, and the v|100 program consistently identifies individuals who are likely to generate successful ventures in the coming years. The quality of the v|100 recipients is an indication of the vibrancy of Utah's entrepreneurial ecosystem and talent pool," Ahlstrom said.

Last year the v|100 program formalized voting rules and added an audit committee consisting of David Jolley - Partner at Ernst & Young, Mark Bonham - Partner at Ray Quinney and Nebeker, and Professor Scott Schaefer at the University of Utah. "This committee has performed a critical function of overseeing the process and ensuring valid results," said Dennis Wood, director of human capital at vSpring Capital. "The v|100 community is a select group of individuals who are handpicked by their peers in the region. We have learned to observe closely who makes this important list of entrepreneurs each year," said Mark Bonham.

About Cymphonix

Cymphonix Corporation, headquartered in Sandy, Utah, uses patent-pending Cross-Layer Intelligence™ (XLi™) technology to provide unmatched network threat protection and resource optimization. With the powerful XLi engine, Cymphonix products seamlessly integrate network protection, application performance, and traffic visibility into a single, easily managed solution. Leading the Cymphonix product line is Network Composer, a smart gateway appliance that helps organizations understand at a glance who is abusing network resources and with what applications – enabling problems to be corrected instantly through a clear, easy-to-manage interface. More information about Cymphonix can be found at http://www.cymphonix.com.