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RALEIGH, NC — August 10, 2010 — ShareFile, a leading provider of web-based tools that allow companies to exchange large and/or confidential business files, has been named one of 25 North Carolina Companies to Watch by CED, a private, nonprofit organization that promotes entrepreneurial efforts in North Carolina. The inaugural class of North Carolina Companies to Watch represent growth-stage entrepreneurial companies that demonstrate high performance in the marketplace, exhibit innovative products or display other unique qualities that make them "worth watching."

ShareFile and the other honorees represent a powerful economic engine for North Carolina. From 2005-2007, there were more than 47,000 second-stage, or growth-stage companies in the state. These companies employed more than one million workers, approximately 37.5 percent of the jobs created by companies headquartered in North Carolina.

"ShareFile exemplifies the innovation and entrepreneurial spirit that lead to success in the marketplace and in the future," said Joan Siefert Rose, president, CED. "CED is proud to recognize the accomplishments of all our 25 winners and their significant contributions to our state's economy. ShareFile is certainly worthy of watching, and we look forward to seeing continued growth and achievement."

The North Carolina Companies to Watch were selected from an initial pool of 190 nominees from across North Carolina. They are privately held companies of between 6-99 employees and $1 million to $50 million in annual revenue or funds raised from grants, investors or partnerships. The winners represent the geographic regions of the state as well as different sectors of the economy.

"Since ShareFile was founded in late 2005, the company has grown from two employees to over 30 and we now have more than 11,000 corporate clients and 1.5 million total users," said Jesse Lipson, chief executive officer, ShareFile. "ShareFile is excited to be playing a small part in helping to put the Raleigh-Durham area on the map as an entrepreneurial hotbed, and we are committed to continuing to recruit local talent to support the company's growth and to help deliver innovative technology solutions and exceptional customer service to current and potential clients."

North Carolina Companies to Watch is presented in partnership with the Edward Lowe Foundation and is made possible through the support of title sponsors Cherry Bekaert & Holland and Wyrick Robbins Yates & Ponton. This new program, which will become an annual event, recognizes the impact that growth-stage, or second-stage, entrepreneurial companies make on the marketplace and on the economy. This year's 25 winners will be honored at an awards ceremony September 23rd at the Raleigh Marriott City Center.

Additional sponsors for North Carolina Companies to Watch are Hosted Solutions, Blue Cross and Blue Shield of North Carolina, Business Wire, Clean Design, Cisco, Hughes Pittman & Gupton, Forma Design, Financial Directions, First Citizens Bank, Monaghan Group, First Bank, Ernst & Young, Capitol Broadcasting Corporation, The Research Triangle Park, v4 Production Group and Progress Energy. Other partner organizations include: Business Innovation & Growth (BIG), the North Carolina Biotechnology Center, the North Carolina Board of Science and Technology, the North Carolina Chamber of Commerce, the North Carolina Rural Economic Development Center, the North Carolina Technology Association (NCTA) and the Small Business and Technology Development Center (SBTDC).