NEW YORK, May 12 /PRNewswire/ --

Correlix, a leader in Latency Intelligence(TM) solutions that monitor and
analyze trading execution and market-data flows in real-time announced today
its status as a finalist of the "Red Herring 100 North America" award, a
prestigious list honoring the year's most promising private technology
ventures in North America.

The Red Herring editorial team selected the most innovative companies
from a pool of 1,200. The nominees are evaluated on both quantitative and
qualitative criteria, such as financial performance, technology innovation,
quality of management, execution of strategy, and integration into their
respective industries. This unique assessment of potential is complemented by
a review of the actual track record and standing of a company, which allows
Red Herring to see past the "buzz" and make the list an invaluable instrument
for discovering and advocating the greatest business opportunities in the
industry.

"This year was especially difficult," said Alex Vieux, Publisher and CEO
of Red Herring. "There were so many great companies producing really
innovative and amazing products that we had a difficult time narrowing it
down to 200. Now we're faced with the arduous task of selecting the final
100. We know that this year's crop will grow into some amazing companies that
are sure to go far."

Correlix Inc. provides Latency Intelligence(TM) solutions that monitor,
measure and analyze trading execution and market-data flows in real-time for
the capital markets industry. The solution is based on message correlation
technology providing real-time and historical analysis to report multi-step
flow latency supporting high frequency trading strategies.

"We are honored to be selected as a finalist for the Red Herring 100
North America Award," said Shawn Melamed, CEO and founder of Correlix. "This
selection further validates the leadership role Correlix has in defining the
trading Latency Intelligence space and the value we are delivering to our
customers. We have set ourselves an ambitious goal of changing the way
trading firms manage their latency in this new era of high-frequency
electronic trading. Being recognized as a finalist acknowledges the strong
momentum we have in accomplishing this vision."

About Red Herring

Red Herring is a global media company uniting the world's best high
technology innovators, venture investors, and business decision-makers in a
variety of forums: a leading innovation magazine; an online daily technology
news service; technology newsletters, and major events for technology leaders
around the globe. Red Herring provides an insider's access to the global
innovation ecosystem, featuring unparalleled insights on the emerging
technologies driving the economy.

For more information, visit www.redherring.com.

About Correlix

Correlix Inc. provides Latency Intelligence(TM) software that pinpoints
and quantifies sources of latency for the capital markets industry. Customers
rely on Correlix to monitor measure and minimize latency in trade execution
and market data flow in real-time. This empowers users to execute a trade or
deliver and act on market data in fewer milliseconds. Correlix customers
include capital market firms on the buy and sell-side and in exchange
environments.

Established in 2005, Correlix is headquartered in New York with research
and development offices in Israel. Correlix is venture financed by Sequoia
Capital, Genesis Partners, Blumberg Capital, Vernon & Park Capital, L.P. and
Xenia Ventures. For more information, visit www.correlix.com.

Latency Intelligence is a trademark of Correlix Ltd.