| May 04, 2007 | Press Release |
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| Skytide and WebTrends Named to Red Herring 100 |
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| Portfolio Company: Skytide |
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EDV portfolio companies Skytide and WebTrends today announced that they are recipients of Red Herring 100, an award given to the top 100 private technology companies based in North America.
"Having received more than 800 submissions, it is clear that we are witnessing a new outburst of creativity," says Joel Dreyfuss, Editor-in-Chief of Red Herring. "With venture capital flowing again, it's exciting to see technology innovators and business investors collaborate to create disruptive technologies. The Red Herring 100 North America companies are impressive up- and-comers, and definitely the ones to watch."
"Skytide is proud to be selected for this very distinctive and forward- thinking award. We feel it reflects our spirit of innovation as we continue developing and delivering a powerful business analytics platform. Our solution has and continues to help organizations meet the next-generation of business demands that involve extreme volumes of diverse data to drive intelligence across the enterprise. Our customers use the Skytide Analytical Platform to solve the data analytics challenges they face today and into the future," states Keith Feingold, CEO, Skytide.
"We are excited about Skytide's potential to capture the exploding market building around business analytics that span all the data within an organization. A new approach was needed to penetrate this market, and Skytide's experienced management team has innovated a paradigm shift, which has been met with enthusiasm by both customers and market analysts alike. We look forward to moving forward with Skytide as they build market share and deliver on their future roadmap," states Scott Irwin of El Dorado Ventures.
"It's an honor to be named a Red Herring 100 winner, as it highlights WebTrends business success in providing customers innovative solutions that dramatically improve their business results," said Greg Drew, CEO and president, WebTrends. "In WebTrends history, we've never had as many new solutions that address critical marketing needs in fundamentally new ways as we do today, which has us particularly excited about the future."
Red Herring's annual lists of top private companies are an important part of the company's tradition of identifying new and innovative technology companies and entrepreneurs. Companies like Google, eBay and Skype were spotted in their early days by Red Herring editors, and touted as leaders that would change the way we live and work.
Red Herring's editorial staff rigorously evaluated more than 800 private companies through a careful analysis of financial data and subjective criteria, including quality of management, execution of strategy, and dedication to research and development. |
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