LONDON â 16 May 2005 â Red Herring today announced that DataSynapse Inc., the fastest-growing provider of grid-computing solutions for the virtual enterprise has been selected as one of the Red Herring 100 Private Companies of North America. As a Red Herring 100 winner, DataSynapse joins the ranks of industry pioneers like eBay and Google who were identified early as companies that would change the way we live and work. DataSynapseâs standards-based, grid-computing software enables organisations to drive new levels of performance through a more agile, automated and efficient IT infrastructure.
"Five years after the dot-com bubble burst, innovation and entrepreneurship are thriving," said Joel Dreyfuss, Editor-in-Chief of Red Herring. "The companies on this list are proof."
Red Herringâs editorial staff rigorously evaluated more than 900 private companies through careful analysis of financial data and subjective criteria, including quality of management, execution of strategy and dedication to research and development. Other factors included business model, competitive advantage, alliances, customers and technology. Ultimately, those selected as the Red Herring 100 embodied superior innovation, technology and strategy.
"The Red Herring 100 is a highly prestigious award and weâre delighted with our selection," said Peter Lee, CEO of DataSynapse. "We thank the Red Herring editorial staff and are grateful to our three-dozen global customers who have been terrific, vocal supporters of our technology solutions."
As a Red Herring 100 winner, DataSynapse will present its business model and technology at the Red Herring Spring 2005 conference, 17-19 May 2005 in Monterey, California. Themed, The Dynamics of Disruptions, the invitation-only conference for CEOs, venture capitalists and senior executives is dedicated to celebrating the most exciting private companies in North American. The Red Herring 100 awards ceremony will take place during the welcome dinner on 17 May 2005.