SAN MATEO, Calif., May 5, 2014 /PRNewswire/ -- It was announced today that Norse, the leading provider of cloud-based threat intelligence solutions, 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.
Finalists are asked to present their winning strategies at the Red Herring North America Forum in Monterey, Calif., May 14th to 16th, 2014. The Top 100 winners will be announced at a special awards ceremony the evening of May 16th at the event.
"It is an extreme honor to be named a finalist for this award, and we are very proud to be included in such a quality class of honorees," stated Norse CEO and Co-Founder Sam Glines. "Norse has made great strides over the last year, and we're experiencing tremendous growth. This nomination only serves to confirm this."
Red Herring has been selecting the most exciting and promising start-ups and "scale ups" since 1995. Finalists are still evaluated individually from a large pool of hundreds of candidates based across North America. Twenty major criteria underlie the scoring and process. They include, among others: the candidate company's addressable market size, its IP and patents, its financing, the proof of concept, trailing revenues and management's expertise. Each company goes through an individual interview after filling out a thorough submission, complemented by a due diligence. The list of finalists often includes the best performing and prominent companies of that year.
This unique assessment of potential is complemented by a review of the company's actual track record and standing, 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.
"The finalists list confirms the excellent choices made by entrepreneurs and VCs and the start-ups' solid roots in corporate America, embracing their innovations. By all metrics, it emphasizes the United States' entrepreneurial excellence," said Alex Vieux, publisher and CEO of Red Herring.
Finalist selections for the 2014 edition of the Red Herring 100 North America award are based upon 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 fields of security, Web 2.0, software, hardware, life sciences, cloud, mobile and others completed their submissions to qualify for the award.
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Norse is the leading innovator in the live threat intelligence security market. With the goal of transforming the traditionally reactive IT security industry, Norse offers proactive, intelligence-based security solutions that enable organizations to identify and defend against the advanced cyberthreats of today and tomorrow. Norse's synchronous, global platform is a patent-pending infrastructure-based technology that continuously collects and analyzes real-time, high-risk Internet traffic to identify the sources of cyberattacks and fraud. Norse is the only provider of live, actionable, cyberthreat intelligence that enables organizations to prevent financial fraud and proactively defend against today's most advanced cyber threats including zero day and advanced persistent threats. Norse has offices in Silicon Valley, St. Louis, and Atlanta. Visit us online at norse-corp.com.