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Fidelia^® Wins Top Prize at Venture Capital Event

Award presented annually by New Jersey Technology Council

Princeton, NJ – April 7, 2003 – Fidelia^® Technology, the leader in Instant Business Visibility™ software, received the top prize at this year’s New Jersey Technology Council (NJTC) Venture Capital Fair.  The award, presented to the Company Most Likely to Succeed, is the premier honor bestowed by the NJTC.

The Venture Fair was held Monday, March 31^st, at the Liberty Science Center in Jersey City, NJ.  More than 700 VCs and executives attended the event.  Fidelia was selected from more than 55 exhibiting vendors by a judging panel consisting of venture capitalists and business leaders in the state.  The exhibitors themselves were selected from hundreds of applicants from Mid-Atlantic states, including New Jersey, New York, Pennsylvania, Delaware and Maryland. 

“The company that wins this award must demonstrate to the judges that it is capable of fulfilling extraordinary potential in a promising market space,” said Maxine Ballen, founder and president of the NJTC.  “Fidelia’s outstanding executive team clearly articulated the value proposition of its breakthrough software solution.  In addition, they exhibited a keen understanding of their customers’ requirements and communicated a solid go-to-market plan.”

“We are honored to receive this prestigious award in our first year at the Venture Fair,” said David Woodall, President & CEO of Fidelia.  “It is a tribute to the hard work of our employees, particularly the engineers who have crafted our cutting-edge Fidelia NetVigil™ software solution.  This technology is the cornerstone that has enabled Fidelia to be recognized for our viability, stability and promise at this early stage of our growth.”

The NJTC is a non-profit membership organization that provides networking opportunities and other services to the state's technology businesses.  The NJTC also created the NJTC Venture Fund, which is devoted to investing in early-stage technology companies.

About NJTC
The New Jersey Technology Council provides business support, networking opportunities, information, advocacy and recognition of technology companies and their leaders.  Founded in 1996, NJTC's more than 1,100 member companies work together to support their own enterprises while advancing New Jersey's status as a leading technology center in the United States.

By collectively representing New Jersey's various technology sectors and the institutions and service companies that support them, NJTC is an effective advocate of public policy that promotes economic growth in the state of New Jersey.  In its efforts to serve the technology industries of the State of New Jersey, the New Jersey Technology Council plans networking, informational and educational events for high-tech executives in the following sectors: Communications; eBusiness, MultiMedia & Consumer Technologies; Engineering, Energy & Environment (E3); Electronics; Life Sciences and IT/Software.