Plug and Play Spring EXPO Wrap Up

June 3, 2010 - PRLog -- On Thursday, May 20, 2010 in Sunnyvale, California, over 500 people gathered for the Plug and Play Expo, the premier Silicon Valley showcase introducing promising emerging technology companies.

Expo featured extreme elevator pitches from 40 startups in areas including Internet, media, software, mobile and wireless, social gaming and cleantech. This all-day event began with a panel examining how universities promote entrepreneurship and how venture capitalists and corporations contribute.  Plug and Play has teamed up with PayPal to support and accelerate entrepreneurs developing on the PayPal’s X Platform, who presented at Expo.

Also featured were keynote addresses by Nandhu Nandhakumar, senior vice president of advanced technology, LG Electronics, and Mitchell Kertzman, managing director at Hummer Winblad Venture Partners.

The event brought together technology executives, entrepreneurs, key venture capitalists, angel investors, technology corporations, and the media. The one-day Expo was a blend of presentation sessions, one-on-one demonstrations, and networking in a highly interactive, intimate, relaxed atmosphere. Over 50 VCs and angel investors attended.

The investors are all given a chance to vote on their favorite pitches of the day. The winners for the Spring Expo 2010 were WaveSecure, Perspecsys, and MobilPay.

WaveSecure is the first and only mobile security suite in the world to provide complete protection for the user’s mobile device, data and privacy. Key features of WaveSecure include remotely locking your lost phone, tracking your lost phone (location, use, and even if a new SIM is inserted), auto-backup all of your mobile data, and remote wiping of all your data! As smartphone usage explodes, a clear demand for mobile security has emerged in 2009 onwards and WaveSecure has successfully gained adoption by the global leading mobile brands such as Nokia, Sony Ericsson, SingTel, etc. https://www.wavesecure.com/ for more information.

PerspecSys’ software Platform provides enterprises that use public cloud and SaaS (Software as a Service) applications with control of data residency thereby addressing the most critical issue affecting adoption of public cloud applications and Software as a Service. Unlike encryption and other methods employed to protect data, PerspecSys’ unique solution retains the functionality and value proposition of the SaaS application. PerspecSys’ PRS Server™, Salesforce.com Plug-in is the first commercially available solution that allows Salesforce.com users to keep selected critical data private, resident and secure within their own enterprise. http://www.perspecsys.com/ for more information.

mobilPay is an advanced solution that combines a proprietary patented mobile payment system and a very flexible marketing platform. mobilPay allows on-line and/or off-line merchants to dramatically increase their sales with minumum effort by integrating it along their regular marketing/sales flux. mobilPay is based on a proven technology operated by NETOPIA System in Romania for more than 1200 merchants since 2006. http://www.mobilpay.ro/ for more information.

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About Plug and Play Tech Center: Home to over 200 companies ranging from about 1 to 40+ employees, the Plug and Play Tech Center is the premiere startup accelerator in Silicon Valley. Companies at Plug and Play have raised over $750 million in the four years Plug and Play has been open.