Award honors the year’s most promising private technology ventures
Los Angeles, CA – January 27, 2011 – SOA Software, a leading SOA and Cloud Services Governance provider, announced today it has been selected as Award Winner for Red Herring’s top 100 Global award, a prestigious list honoring the year’s most promising private technology ventures.
The Red Herring editorial team selected the most innovative companies from a pool of 1200 companies from across the world – the Winners from its Red Herring Asia, Europe and North America Awards. 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 an important instrument for discovering and advocating the greatest business opportunities in the industry.
“2010 was very difficult but extremely rewarding,” said Alex Vieux, publisher and CEO of Red Herring. “Despite lingering effects of the global economic situation, there are many great companies producing truly innovative and amazing technologies, to the extent that we had a hard time narrowing the pool and selecting the winners. SOA Software shows great promise therefore deserves to be among the Winners of the Top 100 Global Award.”
Winners for the 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 spaces such as mobile, security, Web 2.0, software, hardware, biotech, and clean tech sent in their submissions to qualify for the award.
The Winners presented their winning strategies at the Red Herring Global forum in Los Angeles, January 24-26, 2011.
About SOA Software
SOA Software is a leading provider of unified SOA and cloud services governance products that enable organizations to plan, build, and run cloud and enterprise services and PaaS applications. The world’s largest companies including Bank of America, Pfizer, and Verizon use SOA Software solutions to transform their business. For more information, please visit http://www.soa.com.