SEATTLE, WA JUNE 7, 2016
DefenseStorm (formally known as Praesidio), the leading Security Data Platform provider was selected as a finalist for Red Herring’s Top 100 North America award; a prestigious list honoring the year’s most promising private technology ventures from the North American business region. DefenseStorm presents their winning strategies today at the Red Herring North America Forum in Newport Beach, CA.
“Being selected as a Red Herring 100 finalist is a distinct honor. We look forward to sharing why DefenseStorm is uniquely positioned to help businesses stay secure and compliant, and how our patent-pending technology is changing the cybersecurity game,” said Edgardo Nazario, CEO of DefenseStorm.
Red Herring has been selecting the most exciting and promising start-ups and “scale ups” since 1995. Finalists are evaluated individually from a large pool of hundreds of candidates based in North America. Finalist selections for the 2016 edition of the Red Herring 100 North America award were based upon technological innovation, management strength, market size, investor record, customer acquisition and financial health. The list of finalists includes some of the best performing and prominent companies of that year.
This unique assessment, coupled with a review of the company’s actual track record and standing, allows Red Herring to see past the “buzz” and create a list that is truly a valuable instrument for discovering and advocating for the greatest business opportunities in the industry.
“The finalists’ list confirms the excellent choices made by entrepreneurs and VCs and the start-ups’ solid roots in corporate America, embracing their innovations. By all metrics, it emphasizes the United States’ entrepreneurial excellence,” said Alex Vieux, publisher and CEO of Red Herring.
Twenty major criteria underlie the scoring and process of being selected. They include, among others: the candidate company’s addressable market size, its IP and patents, its financing, the proof of concept, trailing revenues and management’s expertise. Each company goes through an individual interview after filling out a thorough submission application, complemented by due diligence from the Red Herring panel.
During the several months leading up to the announced finalists, hundreds of companies in the fields of security, Web 2.0, software, hardware, life sciences, cloud, mobile and others completed their submissions to qualify. The Top 100 winners will be announced during a special awards ceremony on the evening of June 8 at the Red Herring North America Forum in Newport Beach, CA.
DefenseStorm is a Security Data Platform that watches everything on your network and matches it to your policies, providing cybersecurity management that is safe, compliant and cost effective. Built from the ground up in the cloud, DefenseStorm unifies detection, investigation, reporting, and compliance into a single place to manage cybersecurity data. Formed by bankers and technology experts, DefenseStorm aggregates event data across all cybersecurity tools and links policies to real-time alerts, so that financial institutions can prove to regulators they are both secure and compliant with evolving FFIEC cybersecurity requirements. For more information please visithttp://www.DefenseStorm.com.
About Red Herring
Red Herring is a global media company which unites the world’s best high technology innovators, venture investors and business decision makers in a variety of forums: a leading innovation magazine, an online daily technology news service, technology newsletters and major events for technology leaders around the globe. Red Herring provides an insider’s access to the global innovation economy, featuring unparalleled insights on the emerging technologies driving the economy.