The Plug and Play Tech Center in Silicon Valley announces that NoviFlow is its 'Hottest' Company of the month

MONTREAL, Oct. 15, 2013 /CNW Telbec/ - Montreal-based NoviFlow, a leading provider of high-performance OpenFlow-based switching solutions, today announced that the Plug and Play Tech Center in Sunnyvale, CA, had recognized NoviFlow as its Hottest Company for the month of October. The announcement comes on the back of another recent award by Business Insider as one of the eight SDN start-ups to watch in 2013 as well as the announcement as finalist for a technology partnership award from ADRIQ.

Dominique Jodoin, President and CEO of NoviFlow, says that « the announcement by the Plug and Play Tech Center is an important milestone in the Company's active expansion into the American market, and an important validation of its Software Defined Networking solutions and business strategy. »

Anne-Marie Larose, President and CEO of Valeo Management, specifies that « NoviFlow was founded in early 2012 with a technology that was originally pioneered by researchers at the Université du Québec à Montréal (UQÀM). We are proud to see this promising technology be spun into a thriving and recognized company in the Silicon Valley. »

The Plug and Play Tech Center is Silicon Valley's leading high-tech accelerator and is home to more than 300 technology start-ups. When the Plug and Play Tech Center Selection Panel identified the Hottest Company of the Month, they considered the Company's Business Model, its IP Value, its Growth and its Leadership Team. NoviFlow has proved that it excels in all these metrics. Please see the Plug&Play release : http://bit.ly/1e99ajG

About Valeo Management
Valeo Management L.P. is a limited partnership whose mission is to commercialize the results of research carried out by its limited partners and has been an early-stage partner for the transfer of the technology and creation of the spin-off NoviFlow. Follow Valeo Management on Twitter @Valeosec

SOURCE: Valeo Management

For further information:

Duc Levan, Valeo Management
duc.levan@valeosec.com
514-840-1226

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