SOURCE: RainStor

RainStor

May 19, 2011 09:01 ET

RainStor Named a Finalist for the 2011 Red Herring Top 100 North America Award

Recognized as One of North America's Most Innovative Private Technology Companies

SAN FRANCISCO, CA--(Marketwire - May 19, 2011) - RainStor, an infrastructure software company specializing in Online Data Retention (OLDR), announced today its selection as a Finalist for Red Herring's Top 100 North America award, a prestigious list honoring the most promising private technology ventures.

The Red Herring editorial team selected the most innovative companies from a pool of hundreds 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. The list is a valuable instrument for discovering and advocating the greatest business opportunities in the industry.

"This year was very rewarding," said Alex Vieux, publisher and CEO of Red Herring. "The global economic situation has abated and there are many great companies producing really innovative and amazing products. We had a very difficult time narrowing the pool and selecting the finalists. RainStor 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. We know that the 2011 crop will grow into some amazing companies that are sure to make an impact."

John Bantleman, CEO of RainStor, will present the company's overall strategy at the Red Herring North America Forum in Hollywood, California, taking place June 13-15, 2011. "We are honored to be named among the most promising companies by Red Herring. This honor follows other recent industry accolades that recognize the work RainStor is doing to enable low cost Online Data Retention for enterprise Big Data."

About RainStor
RainStor is a technology pioneer in Online Data Retention (OLDR). The company's specialized data repository significantly reduces the total cost of retaining data through extreme data reduction, simplified data management and near-perfect scalability on commodity hardware. RainStor solutions are deployed by technology partners across multiple industries and include AdaptiveMobile, HP, Informatica, On Point Technology and Teradata to reduce the cost and complexity of preserving information in the enterprise or the cloud. RainStor has been deployed at over 100 blue chip companies to address key data retention requirements.

RainStor is a privately held company with offices in San Francisco, USA and Gloucester, UK. For more information, visit www.rainstor.com. Join the conversation at www.twitter.com/rainstor.

Contact Information

  • Contact:
    Julie Tangen
    Kulesa Faul for RainStor
    831-425-1083
    Email Contact