MOUNTAIN VIEW, CA--(Marketwire - May 17, 2012) - Sumo Logic, the next-generation log management and analytics company, today announced 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 companies from the North American business region. As a finalist, Sumo Logic will be presenting to the Red Herring judges in Santa Monica on the afternoon of May 23, 2012.
The Red Herring editorial team selected the most innovative companies from hundreds across North America. The nominees were 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 was complemented by a review of the actual track record and standing of a company, which allowed 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.
"Sumo Logic is excited to be named a finalist for the 2012 Red Herring Top 100 Award," said Kumar Saurabh, Co-Founder and VP of Analytics at Sumo Logic. "With an endless supply of real-time data at our fingertips, enterprises have more information available to them now than ever before. However, the sheer magnitude of that data can be wholly overwhelming without the right tools. This award is a testament to Sumo Logic's strength in helping enterprises tap into that data, creating actionable insights from all the machine data that today's IT infrastructure and applications are generating to improve and streamline business operations."
"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. Sumo Logic 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."
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.
About Sumo Logic
Sumo Logic is the next generation log management and analytics company that leverages Big Data for real-time IT insights. The company's cloud-based service provides customers with real-time interactive analytics at unprecedented petabyte scale. The Sumo Logic service is powered by patent-pending Elastic Log Processing™ and LogReduce™ technologies, and transforms log data into actionable insights for IT operations, application management, and security and compliance teams. Unlike expensive and complex premise-based solutions, the Sumo Logic service has a low TCO, can be deployed instantly, scales elastically and requires zero maintenance. The company is based in Silicon Valley and is backed by Greylock Partners and Sutter Hill Ventures. For more information, visit www.sumologic.com.
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Media Contact
Hope Nicora
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(510) 984-1527