SOURCE: SOASTA, Inc.

March 09, 2010 15:00 ET

Wall Street Journal Names SOASTA a Top 50 Venture-Backed Company

MOUNTAIN VIEW, CA--(Marketwire - March 9, 2010) -  The Wall Street Journal today announced and included SOASTA in its list of the Top 50 venture-backed companies. The Next Big Thing ranking, based on proprietary data from Dow Jones VentureSource, seeks to identify firms across all industries, valued at less than $1 billion, that show the biggest promise to take-off.

"We are honored to be named alongside such a distinguished list of innovative companies," said Tom Lounibos, CEO, SOASTA. "These companies represent the future. Each in their own way is changing the fabric of the market in which they exist, and SOASTA is thrilled to be acknowledged among them."

Dow Jones VentureSource tracks more than 38,000 venture-backed companies in the U.S., Canada, Europe, China and India, as well as over 14,000 private investment firms world-wide.

The rankings were calculated based on how each company scored in the following components: the track record of success for the venture-capital investors who sit on the company's board (Board Ranking); the amount of capital raised by the company over the last three years, in comparison to its peers (Total Equity Ranking); the track record of success for the company's founders and chief executive (Executive Ranking); and the recent growth in the value of the company (Valuation Ranking). As a last component, Dow Jones venture-capital reporters and editors also reviewed and ranked the companies. Overall rank is based on a weighted combination of all five components.

About SOASTA

SOASTA's mission is to ensure that today's websites and applications are highly reliable and scalable. The company's product, SOASTA CloudTest®, delivers performance intelligence by capturing data about all the elements that impact a website and immediately turning it into actionable information. Leveraging a unique, real-time analytic engine built exclusively for testing web and mobile applications, SOASTA CloudTest enables quality assurance and development teams to test and monitor their websites under both typical and extreme traffic conditions, at an affordable price. SOASTA CloudTest is available on-demand or as an appliance. SOASTA is privately held and headquartered in Mountain View, California. For more information about SOASTA, please visit www.soasta.com.

©SOASTA, Inc. 2010. SOASTA, SOASTA CloudTest, and SOASTA CloudTest On-Demand, are trademarks or registered trademarks of SOASTA, Inc. All other trademarks are the property of their respective owners.

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