Dubai Media City's business partner Conservus international named winner of Red Herring 100 Europe award

The Red Herring 100 Europe finalist companies were honoured at the Red Herring Europe 2009 Conference held in Berlin.

Mohammad Abdullah, Executive Director, Dubai Media City, said:

"We are proud to host a business partner such as Conservus and we congratulate the company on receiving this worldwide recognition. The traditional advertising market is shifting and products such as those offered by Conservus reflect the new face of advertising. Dubai Media City's unique cluster environment plays a vital role in supporting all media work at the regional level, through creating new standards and adopting global best practices."

Kamal Nasser, Chairman of Conservus International, said: "Only a product with definite application in today's markets that have been hit by the global economic crisis - one that merges technology with entrepreneurship - is poised to generate immediate returns.

"Awards such as the Red Herring are essential for technology start-ups to learn about innovations in the field and also to identify potential synergies and areas for collaboration. Conservus is privileged to be the first company based in the Arab world to be awarded such a distinction. Our base in Dubai Media City has also exposed Conservus to tremendous possibilities and advantages in terms of support and business networking, in addition to the wide array of facilities and services available to us in this strategic location."

Highlighting services available in a single location that are of high relevance to the hospitality, business and community sectors, the MyConservus portal provides advertisers with direct access to potential consumers while generating revenue from these advertisements. Conservus International aims to expand the portal's reach internationally by entering into potential franchise discussions with technology companies.

Headquartered in San Mateo, California, Red Herring's lists of top private companies are an important part of the publication's tradition of identifying new and innovative technology companies and entrepreneurs. Companies such as Google, eBay, and Skype were spotted in their early days by Red Herring editors, and touted as leaders that would change the way we live and work.

Farley Duvall, Managing Director of Red Herring, said: "During a difficult year, Red Herring still received an impressive list of submissions from companies across the EMEA region, clearly demonstrating its role as a major centre for innovation in the global technology sector. The exceptional accomplishments of European technology startups and entrepreneurs are a testament to the rapid advancements being made in building the EMEA region's innovation ecosystem."

TECOM Investments' media entities - Dubai Media City, Dubai Studio City and International Media Production Zone - provide a complete value chain of specialized offerings that have created an established community hub for the media and content creation industries in the region.

Since inception, Tecom Investments has encouraged the development of knowledge sectors and its business partners through key industry clusters. Dubai Internet City, Dubai Knowledge Village, DuBiotech, Dubai Outsource Zone, Dubai International Academic City and Enpark are the other free zones under the Tecom Investments umbrella.