Bethesda, MD, April 9, 2007 — Arxan Technologies Inc., today announced it has been named a finalist for the Red Herring 100 Award, a selection of the 100 private companies based in North America that play a leading role in innovation and technology.

The Red Herring editorial board diligently surveyed the entrepreneurial scene throughout the North American region and identified the top 200 out of more than 800 closely evaluated companies that are leading the next wave of innovation.

Arxan technology safeguards software applications from unauthorized access, unauthorized changes, reverse engineering and code-lifting. Its patented Guard™ technology enables software applications to actively prevent, detect, and react to tampering and reverse engineering, and is difficult to thwart by even the most advanced hackers. The company is an established leader in the security defense market, and is rapidly expanding its commercial customer base.

"We are honored to be recognized as a finalist for the Red Herring 100 — an award program with a prestigious list of past recipients, including Google, eBay, and salesforce.com," said Mike Dager, president and CEO of Arxan Technologies. "The cost of intellectual property theft, specifically in software, is staggering -- global software theft is estimated to cost about $200 billion over the next four years (per IDC). We at Arxan are on the front lines, helping companies address the business and economic imperative to safeguard software."

"We can see the exciting evolution of the technology sector reflected in the quality and variety of exceptional companies that we had to choose from in putting our list together," said Joel Dreyfuss, Editor-in-Chief of Red Herring. "It was tough to choose just 200 finalists from such a large list of excellent contenders, and we are very happy with the qualities of the companies we selected as finalists."

The winning 100 companies will be announced at the Red Herring Spring event. The CEOs of the winners will present their innovative ideas and technologies to an audience of leading entrepreneurs, financiers and corporate strategists at the event in Monterey, Calif., May 1-3 at the Hyatt Regency Hotel. This year's Red Herring 100 Spring event marks the 10th anniversary of the Red Herring 100 Awards. In celebration, the event will feature keynote addresses from legendary VC investors and CEOs of leading internet, information, and communications companies.