HELSINKI, 23 December 2009: Envault Corporation announced today it has been selected as a finalist for Red Herring’s Global 100 award, a prestigious list honoring the year’s most promising private technology ventures from around the world.
The Red Herring editorial team selected the most innovative companies from a pool of 1,200. 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 ìbuzzî and make the list an invaluable instrument for discovering and advocating the greatest business opportunities in the industry.
“This year was especially difficult,” said Alex Vieux, publisher and CEO of Red Herring. “Despite the global economic situation, there were many great companies producing really innovative and amazing products that we had a difficult time narrowing the pool and selecting the finalists. Now we’re faced with the arduous task of selecting the final 100 winners of the award. We know that this year’s crop will grow into some amazing companies that are sure to go far.”
Finalists for the 2009 edition of the Red Herring Global 100 award are selected from the regional recipients or finalists of the Red Herring 100 awards in 2007, 2008, or 2009 ranging from Asia, Europe, and North America. For the past three years, the award has been given to the top 100 global technology companies 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, and clean tech industries sent in their submissions to qualify for the award.
The CEOs of the 200 finalists are invited to present their winning strategies at the Red Herring Global Conference in Laguna Niguel, California, January 12-14, 2010. The Top 100 winners will be announced at a special awards ceremony at the event.
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 view of the global innovation ecosystem, featuring unparalleled insights on the emerging technologies driving the economy.
For more information contact Anam Alpenia at: aalpenia (a) redherring.com
About Envault Corporation
Envault Corporation protects enterprises and government agencies from the growing threat of endpoint data leakage. The next evolution from encryption, envaulting extends data protection to portable mass storage devices such as USB flash drives, and gives organizations full and centralized control over their own data regardless of where the devices are located. The software-based method is 100% password-free and fully automatic, and removes the human error from organizations’ data security. Developed in cooperation with VTT, Technical Research Centre of Finland, with several patents pending, this novel protection method is in active use in several large corporations, government agencies and data security service providers.
Additional information about Envault:
Harri Rautio, CEO, Envault Corporation
firstname.lastname (a) envaultcorp.com
+358 40 865 4072
www.envaultcorp.com