SOURCE: Lucid Imagination

June 17, 2010 08:00 ET

Lucid Imagination Is a Finalist for the 2010 Red Herring 100 North America Award

SAN MATEO, CA--(Marketwire - June 17, 2010) -  Lucid Imagination, the commercial company for Apache Lucene/Solr search technology, today announced it has been named a Finalist for the prestigious Red Herring 100 Award -- an annual ranking of the 100 most innovative private technology companies in the North America 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 and we had a difficult time narrowing the pool and selecting the finalists. Lucid Imagination shows great promise and 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."

"Companies have developed a huge appetite for enterprise-ready search technology tailored to their specific business needs and marketplace," said Eric Gries, CEO of Lucid Imagination. "Lucid Imagination satisfies that appetite, providing a commercial-grade solution that lets companies take full advantage of the flexibility and speed of Lucene/Solr to implement reliable, cost-effective enterprise search that quickly identifies the right information and delivers it to users."

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.

The Finalists are invited to present their winning strategies 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 Lucid Imagination
Lucid Imagination is the commercial company exclusively dedicated to Apache Lucene/Solr open source enterprise technology. The company provides free certified distributions, documentation, commercial-grade support, training, high-level consulting and value-added software for Lucene and Solr. Customers include AT&T, Sears, Ford, Verizon, Cisco, Elsevier, Zappos, The Guardian, The Motley Fool, Macy's, Qualcomm, Taser, Nordjyske Media, and many other household names around the world. Lucid Imagination is a privately held venture-funded company. The investors include Shasta Ventures, Granite Ventures, Walden International and In-Q-Tel. Learn more about the company at www.lucidimagination.com.

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