MOUNTAIN VIEW, CA--(Marketwire - Dec 4, 2012) - Gridstore™, the leader in software defined storage solutions, today announced that the company has received the prestigious Red Herring Top 100 Global award in recognition of the leading private companies from North America, Europe, and Asia, celebrating these startups' innovations and technologies across their respective industries.
Red Herring's Top 100 Global list has become a mark of distinction for identifying promising new companies and entrepreneurs. Red Herring editors were among the first to recognize that companies such as Facebook, Twitter, Google, Yahoo, Skype, Salesforce.com, YouTube, and eBay would change the way we live and work.
"Choosing the companies with the strongest potential was by no means a small feat," said Alex Vieux, publisher and CEO of Red Herring. "After rigorous contemplation and discussion, we narrowed our list down from hundreds of candidates from across Global to the Top 100 winners. We believe Gridstore embodies the vision, drive and innovation that define a successful entrepreneurial venture. Gridstore should be proud of its accomplishment, as the competition was the strongest it has ever been."
Red Herring's editorial staff evaluated the companies on both quantitative and qualitative criteria, such as financial performance, technology innovation, management quality, strategy, and market penetration. This assessment of potential is complemented by a review of the track record and standing of startups relative to their peers, allowing Red Herring to see past the "buzz" and make the list a valuable instrument of discovery and advocacy for the most promising new business models from around the world.
Businesses of all sizes are suffering from the explosion of data growth. With this, the cost is also exploding and it becomes impossible to scale efficiently with legacy architectures. Gridstore addresses the influx of data that traditional monolithic architectures have not been able to solve. The company is first to market with an advanced grid-based, software-defined scale-out storage platform that scales as a business's data needs scale -- no overprovisioning, no wasted capacity. The Grid revolutionizes the way users manage their storage, and seamlessly integrates into an organization's existing environment. Gridstore delivers a simple, powerful and affordable storage solution that scales dynamically with customer needs. With its pay-as-you-go sales model, customers can seamlessly integrate the Grid into their environment without forklift upgrades or disruption to their business. It delivers unprecedented scalability, fault-tolerance, high performance and resource efficiencies that can't be matched by other solutions available to the mid-size enterprise market.
"Being recognized by Red Herring as a Top 100 Global award recipient is further validation of our innovative approach to solving the storage challenges facing businesses of all sizes," said Kelly Murphy, CEO of Gridstore. "The 30 year old monolithic storage systems of yesteryear no longer work. Today's businesses demand a solution that can meet their requirements in performance, scalability and efficiency. Gridstore has architected a truly disruptive technology that delivers a simple, powerful and affordable storage offering that will scale with their business requirements today and in the future."
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Gridstore is the leading provider of software defined storage that turns simple storage building blocks into the world's most powerful and affordable storage without limits. Gridstore brings the era of mainframe-style monolithic storage and its disruptive forklift upgrades to an end. The Grid allows businesses to start small and pay as they grow to any size while growing more powerful with each additional block. We eliminate the frustrations of planning and forecasting for the unknown. No more headaches, no more disruption to the business. Now you can effortlessly give your organization the powerful storage it demands. Gridstore is headquartered in Mountain View, Calif. and has development facilities in Dublin, Ireland. For more information, please visit: http://www.gridstore.com.