Coral8 Named as Finalist in 2008 American Business AwardsSM

MOUNTAIN VIEW, Calif.--Coral8, Inc., was named a Finalist today in the Best Product Development Organization category in The 2008 American Business Awards.

Hailed as “the business world’s own Oscars” (New York Post , April 27, 2005), The American Business Awards are the only national, all-encompassing awards program honoring great performances in business.

Stevie Award winners will be announced during the annual gala on Thursday, June 12 at the Marriott Marquis Hotel in New York City. More than 600 executives from across the U.S.A. are expected to attend. The ceremonies will be broadcast on radio nationwide by the Business TalkRadio Network and hosted by Liz Claman of FOX Business Network.

More than 2,600 entries from companies of all sizes and in virtually every industry were submitted for consideration in more than 40 categories, including Best Overall Company, Best Executive, Best New Product or Service, Best Corporate Social Responsibility Program, and new categories including Best Management Team and Best Corporate Environmental Responsibility Program. Coral8 will be competing in the Best Product Development Organization category.

Coral8 is changing the Complex Event Processing market – creating a new class of software that analyzes rapidly changing data about markets, customers, transactions and operations in real-time to drive “in-the-moment” actions, and making it available to more business and technology users within an organization. The Coral8 Engine enables businesses in virtually all industries to take advantage of new opportunities in rapidly changing conditions. Coral8’s development team has its hands on the pulse of the ever-changing, real-time business environment. The forward-thinking nature of the organization led to the creation of products like the Coral8 Engine – designed to speed business processes and execution to maximize revenue and reduce risk, while giving users outside of the development team the ability to utilize these applications.

Members of the Awards' Board of Distinguished Judges & Advisors and their staffs will select Stevie Award winners from among Finalists in final judging during the week of May 19. Finalists were chosen by business professionals nationwide during preliminary judging in April through early May.

“ABA entries grew more than 30 percent this year, so being named a Finalist is more of an accomplishment than ever before,” said Michael Gallagher, founder and president of The Stevie Awards. “It means that independent business executives have agreed that the nominee is worthy of national recognition. We congratulate all of the Finalists on their achievement and wish them well in the competition.”

“We are honored as an organization to be chosen as a finalist in the 2008 American Business Awards,” said Terry Cunningham, CEO of Coral8, Inc. “Coral8’s customer-first policy ensures that our priority is meeting the needs of the developer and business communities globally. Our dedication to this goal permeates the organization – from our product development and engineering teams to our customer support staff.”

Details about The American Business Awards and the list of Finalists in all categories are available at www.stevieawards.com/aba.

About Coral8

Based in Mountain View, Calif., Coral8, Inc. is a leading provider of software for Complex Event Processing (CEP). Bringing together high-performance, innovative SQL-based programming language and enterprise-class features, Coral8 Engine is the fastest, lowest cost way to build and deploy powerful, sophisticated CEP applications. Coral8 is speeding the delivery of critical business information for customers worldwide, including Fortune 500 companies and global leaders within financial services, e-commerce, telecommunications, transportation, government and other rapidly growing vertical applications. For more information, visit www.coral8.com or call (650) 210-3810.

About The Stevie Awards

Hailed as “the business world’s own Oscars,” Stevie Awards are conferred in four programs: The American Business Awards, The International Business Awards, The Stevie Awards for Women in Business, and the Stevie Awards for Sales & Customer Service. Honoring companies of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about The Stevie Awards at www.stevieawards.com.