SAN MATEO, Calif. – May 15, 2012 – AlienVault, creator of OSSIM, the de facto standard open source SIEM (Security Information and Event Management), announced today it has been selected as a Finalist for Red Herring’s Top 100 Americas award, a prestigious list honoring the year’s most promising private technology ventures from the North American business region.
The Red Herring editorial team selected the most innovative companies from a pool of hundreds from across North America. 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 a valuable instrument for discovering and advocating the greatest business opportunities in the industry.
“This year was very rewarding,” said Alex Vieux, publisher and Chairman of Red Herring. “There are so many great companies producing truly innovative and amazing products and technologies. We had a very difficult time narrowing the field and selecting the Finalists from such a group of future stars. AlienVault shows great promise, and therefore deserves to be on the short list. Now we are faced with the difficult task of selecting the Top 100 winners.”
“We are honored to be a Finalist for this award,” said AlienVault CEO and President, Barmak Meftah. “This is great validation of our unique approach to offering the most critical security capabilities in one Unified Security Management platform, a solution that makes it easier and more cost-effective than ever for our customers to manage their security operations and risk. With a great team in place and the talents of the open source community behind us, we look forward to continuing to provide our customers with unprecedented security visibility and the tools to anticipate and combat whatever threats might emerge.”
Finalists for the 2012 edition of the Red Herring 100 Americas 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 the security, Web 2.0, software, hardware, life sciences, cloud, mobile and other sectors completed their submissions to qualify for the award.
The Finalists are asked to present their winning strategies at the Red Herring Americas Forum in Santa Monica, California, May 21-23, 2012. The Top 100 winners will be announced at a special awards ceremony the evening of May 23 at the event.