Nirvanix Honored Among This Year's Most Promising Private Technology Ventures in North America
Company named a finalist of the Red Herring 100 North America award for innovative technology, quality of management
San Diego, May 11, 2009 – Nirvanix, the premier enterprise Cloud Storage service provider, today announced that it has been named a finalist of the "Red Herring 100 North America" award, selected as one of the year's most promising private technology ventures in North America from a pool of 1,200 companies considered for inclusion.
For more than 10 years, the Red Herring 100 North America award has been give to the Top 100 tech companies based upon their technological innovation, management strength, market size, investor record, customer acquisition and financial health. During the months leading up to the announcement, hundreds of companies in the telecom, communications, security, Web 2.0, software, hardware, biotech and clean tech industries sent in their submission to qualify for the award. Nirvanix is among the 200 finalists still vying for this prestigious award.
"This year was especially difficult," said Alex Vieux, Publisher and CEO of Red Herring. "There were so many great companies producing really innovative and amazing products that we had a difficult time narrowing it down to 200. Now we’re faced with the arduous task of selecting the final 100. We know that this year's crop will grow into some amazing companies that are sure to go far."
The 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 invaluable instrument for discovering and advocating the greatest business opportunities in the industry.
"The Nirvanix Storage Delivery Network eases the burden of managing storage and extends the life of current storage and networking assets to help reduce the cost and complexity of data access and retention many enterprises face each day," said Jim Zierick, President and CEO of Nirvanix. "The recognition that we have received as of late, including being named as a finalist of the Red Herring 100 North America, is an amazing testimonial to our ability to deliver this value to our customers. Regardless of the outcome of this award, we feel that we are already winners by providing an innovative Cloud Storage service to an underserved enterprise marketplace."
Jim Zierick, Nirvanix's CEO will be presenting their winning strategies at the Red Herring Conference in San Diego May 11-13, where the Red Herring Top 100 will be announced.
About Red Herring
Red Herring is a global media company uniting the world's best high technology innovators, venture investors and business decision-makers in a variety of forums: a leading innovation magazine; an online daily technology news service; technology newsletters, and major events for technology leaders around the globe. Red Herring provides an insider's access to the global innovation ecosystem, featuring unparalleled insights on the emerging technologies driving the economy. For more information, visit www.redherring.com.
About Nirvanix
Headquartered in San Diego, California, Nirvanix is privately held and has raised more then $23 million in funding from world-class investors including Intel Capital, Valhalla Partners, Mission Ventures, Windward Ventures, and the European Founders Fund. Nirvanix has over 500 customers ranging from Internet startups to Fortune 10 organizations and include Arizona State University, Nero, and The Planet, among others.
For more information about the company and its services, visit www.nirvanix.com.