eLearning Provider Udutu Honored Among This Year's Most Promising Private Technology Ventures in Canada

Thu Aug 28, 2008 2:29pm EDT

* Reuters is not responsible for the content in this press release.

Red Herring Magazine has named Udutu, web-based e-learning software and
services provider, a finalist for the "Red Herring Top 50 Canada"
(http://www.herringevents.com/canada08/index.html), a prestigious list
honoring this year's most promising private technology ventures in Canada.
The Red Herring editorial team used an intensely competitive process to
select the most innovative companies from a pool of over 300, leaving 100
finalists vying for this award. The names of all 100 finalists for the
"Red Herring Top 50 Canada 2008" can be found online at:

    For over 10 years, The "Red Herring 100" awards, open to private
technology companies, are given to the top 100 tech companies based upon
technology innovation, management strength, market size, investor record,
customer acquisition and financial health. Adding to the success of the
yearly North America 100, Europe 100 and Asia 100 events, Red Herring
Canada will provide an opportunity for the Top 50 companies to deliver
their message at the Red Herring Canada Conference in Mont-Tremblant,
Quebec, September 15-17, 2008. Hundreds of companies in the telecom, Web
2.0, software, hardware, biotech and energy related industries sent their
submissions to qualify for the award.

    The nominees are rigidly evaluated on both quantitative and qualitative
criteria, such as financial performance, technology innovation, quality of
management, execution of strategy, and integration into their ecosystem.
This unique assessment of potential is measured by a review of the actual
track record and standing of a company, allowing 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.

    "We are pleased to be recognized by Red Herring as one of the most
promising companies in Canada," said Roger Mundell, founder and CEO of
Udutu. "Our unique approach to e-learning is already changing the way
people use the Internet and social networks such as Facebook to manage the
e-learning process. By allowing access to affordable and flexible training
and certification services for more users and organizations, we are
providing a broader market segment access to a more enjoyable and
successful learning experience."

    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 economy, featuring unparalleled insights
on the emerging technologies driving the economy. For more information,
visit www.redherring.com

    About Udutu

    Udutu provides web-based course authoring tools that make it easy and
affordable for anyone -- whether a department head at a large corporation,
professor, teacher or a small business -- to create, deliver and manage
effective online training and learning. Based in Victoria, BC, Udutu was
formed in 2005 out of several years of academic research. The company's
free Web-based tools were designed for knowledge experts rather than
technology and multimedia experts, and provide an online collaborative
tool that enhances the design process and brings the subject matter
specialists closer to course development. Customers include the United
Nations Department of Economic & Social Affairs, DelekUS/Mapco, Krystal
Food Company, the Government of British Columbia, and many others. For
more information, visit www.udutu.com.


Andrea Cousens
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