Menlo Park, CALIF – June 15, 2010 – nlyte Software, the only provider of performance-focused solutions for Data Center Infrastructure Management (DCIM), announced today it has been selected as a Finalist for Red Herring’s North America 100 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 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. nlyte Software shows great promise therefore deserves to be among the Finalists. Now we’re faced with the difficult task of selecting the Top 100 winners of Red Herring North America award. We know that this year’s crop will grow into some amazing companies that are sure to go far.”
Finalists for the 2010 edition of the Red Herring 100 North America 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 telecommunications, security, Web 2.0, software, hardware, biotech, and clean tech industries sent in their submissions to qualify for the award.
Jon Temple, President and CEO of nlyte Software, will be presenting nlyte Software’s market strategies that have resulted in 130% year-over-year growth at the Red Herring North America Conference in San Diego, June 22-24, 2010. The Top 100 winners will be announced at a special awards ceremony on June 24 at the event.
About nlyte Software
nlyte Software is a leading provider of data center infrastructure management (DCIM) solutions for intelligent capacity planning. Its performance-based solution enables the world’s largest companies to optimally place data center assets to make the most efficient use of power, cooling and space, enabling a reduction in operating expenses by as much as 20% annually. Founded by data center professionals in 2003, nlyte Software is headquartered in Menlo Park, California and can be found online at http://www.nlyte.com.
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