BELLEVUE, Wash., Oct. 30 -- Xeround Inc., a provider of real-time database virtualization software, today announced that it was named a Finalist in the "Best New Company of the Year" category in The 5th Annual Stevie Awards for Women in Business.

With over three years of research and development and its first customer deployments underway, Xeround is emerging as the leader in database virtualization software. Xeround's patented flagship Intelligent Data Grid (IDG) is an innovative new technology that unifies databases across multiple networks and businesses in real-time. Unlike point products or custom solutions, Xeround's scalable, reusable, easy-to-implement distributed architecture dramatically increases the efficiency of existing infrastructures.

"It is an honor for Xeround to be recognized as a prominent emerging company," said Charlotte Yarkoni, CEO for Xeround. "From Xeround's inception, we have worked hard to revolutionize the way data is managed and we look forward to continuing that mission for our customers."

Headquartered in Bellevue, Wash., Xeround's top-notch executive team is led by Yarkoni, a 15-year veteran of the telecommunications industry. Prior to joining Xeround, she held management positions at Amdocs, AT&T, BellSouth Cellular, Cingular Wireless and IBM. At Xeround, Yarkoni has assembled a management team with a proven track record in delivering innovative solutions to the telecommunications, networking, and information technology sectors.

In addition, Xeround is backed by some of the most prominent venture capital firms in the US and Israel. The company recently closed a Series B round of $16 million led by Ignition Partners and Trilogy Partnership with participation from existing investors Benchmark Capital and Giza Venture Capital.

More than 1,200 entries were submitted for consideration in The Stevie Awards for Women in Business -- hailed as the world's premier business awards.

"Being named a Finalist in The Stevie Awards for Women in Business is an important achievement," said Michael Gallagher, president of the Stevie Awards. "It means that independent business executives have agreed that the nominee is worthy of recognition."

Winners will be announced on Friday, Nov. 14, during a gala event at the Marriott Marquis hotel in New York.

Details about The Stevie Awards for Women in Business and the list of Finalists in all categories are available at www.stevieawards.com/women.

About Xeround

Xeround Inc. provides database virtualization software to companies including service providers looking to reduce costs and enable faster time-to- market of new products and services. Based on its patented Intelligent Data Grid (IDG), Xeround's innovative new technology that unifies data across multiple networks and businesses in real-time. The company is based in Bellevue, Wash. with research and development in Israel. Investors include Benchmark Capital, Giza Venture Capital, Ignition Partners and Trilogy Partnership. For more information, visit www.xeround.com/.