SAN FRANCISCO, May 18, 2011 /PRNewswire/ -- CloudPassage, a pioneering security SaaS company, announced today it has been selected as a Finalist for Red Herring's Top 100 North America award, a prestigious list honoring the year's most promising private technology ventures from the North American business region.
The Red Herring editorial team selected the most innovative companies from a pool of hundreds from across North America. The nominees are evaluated on both quantitative and qualitative criteria, such as financial performance, technology innovation, quality of management, execution of strategy, and integration into their respective industries.
This unique assessment of potential is complemented by a review of the actual track record and standing of a company, which allows Red Herring to see past the "buzz" and make the list a valuable instrument for discovering and advocating the greatest business opportunities in the industry.
"This year was very rewarding," said Alex Vieux, publisher and CEO of Red Herring. "The global economic situation has abated and there are many great companies producing really innovative and amazing products. We had a very difficult time narrowing the pool and selecting the finalists. CloudPassage shows great promise therefore deserves to be among the Finalists. Now we're faced with the difficult task of selecting the Top 100 winners of Red Herring North America. We know that the 2011 crop will grow into some amazing companies that are sure to make an impact."
Finalists for the 2011 edition of the Red Herring 100 North America award are selected based upon their technological innovation, management strength, market size, investor record, customer acquisition, and financial health. During the several months leading up to the announcement, hundreds of companies in the telecommunications, security, Web 2.0, software, hardware, biotech, mobile and other industries completed their submissions to qualify for the award.
"We're honored to be selected as a finalist for the 2011 Red Herring Top 100 North America award," said Carson Sweet, CEO of CloudPassage. "Being recognized by Red Herring, known for their focus on tech innovation, further validates the need for the solutions we are bringing to IaaS users."
The Finalists are invited to present their winning strategies at the Red Herring North America Forum in Hollywood, California, June 13-15, 2011. The Top 100 winners will be announced at a special awards ceremony the evening of June 15 at the event.
CloudPassage is a security SaaS company offering the industry's first and only server security and compliance solutions purpose-built for elastic cloud environments. The company addresses the technical challenges of securing highly dynamic cloud hosting environments where consistent physical location, network control and perimeter security are not guaranteed. The company's Halo cloud server security products offer high-accuracy server security configuration and vulnerability management, centralized management of host-based firewalls and server account auditing for Linux servers. The innovative capabilities of the Halo platform operate across infrastructure models and seamlessly handle cloud server bursting, cloning, and migration.
Headquartered in San Francisco, Calif., CloudPassage is backed by Benchmark Capital. Gartner, Inc. named CloudPassage one of four "Cool Vendors in Cloud Security Services, 2011." For more information, please visit: http://www.CloudPassage.com
CloudPassage, CloudPassage Halo SVM Server Vulnerability Management and CloudPassage Halo Firewall are registered trademarks of CloudPassage. All other trademarks are registered to their respective companies. Copyright © CloudPassage 2011.
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