Cloudmark Named a Finalist in "Red Herring 100 North America" Awards
Industry's Most Promising Technology Ventures to be Honored at Red Herring Spring 2006 CEO Summit
SAN FRANCISCO, April 5, 2006 — Red Herring Magazine has named Cloudmark to its list of 200 finalists competing to be named to the annual "Red Herring 100 North America" list. More than 1,000 privately held technology companies entered submissions for this prestigious award. Winners will be honored at the exclusive Red Herring Spring 2006 CEO summit, May 23-25 in Monterey, California, an event gathering the industry's most-innovative CEOs, venture financiers, and corporate strategists in recognition of today's most disruptive companies.
Cloudmark helps service providers and enterprises block spam, phishing and computer virus attacks with the industry's greatest speed and accuracy using an automated methodology featuring the most effective and intelligent mix of technology and human response. Cloudmark solutions save users millions of dollars in fraud, network overhead, manpower and other resources compromised by messaging abuse. Founder Vipul Prakash, whose development efforts generated the code upon which most anti-spam products are based, says the growth of attacks has brought the issue to the industry forefront.
"Service providers in particular are investing in defending their subscriber bases against messaging attacks," says Prakash. "We're very glad to see Red Herring recognizing the emphasis that needs to be placed on these strategies."
Cloudmark and other entrants were rigidly evaluated on both quantitative and qualitative criteria such as financial performance, technology innovation, quality of management, execution of strategy, and integration into their ecosystem. This unique assessment of potential complemented by a review of the actual track record and standing of a company allows Red Herring to see past the "buzz" and make the list an invaluable instrument for discovering and advocating the greatest business opportunities in the industry.
Red Herring Editor-in-Chief Joel Dreyfuss says The "Red Herring 100 North America" award has become an important part of Red Herring's tradition of recognizing new and innovative technology firms and their entrepreneurial founders. "We can see the resurgence of the tech sector reflected in the quantity and variety of excellent companies that we had to chose from in putting our list together," says Dreyfuss. "It was difficult to choose the 200 finalists and we are very happy with the stellar quality of the companies on this short-list."
About Red Herring
Red Herring is a sophisticated insider's guide to the business of technology, featuring unparalleled insights on the emerging technologies driving the economy, from the Internet to wireless communications and digital entertainment. Red Herring reports on how innovation and entrepreneurship are transforming business and how the business of technology is transforming the world, providing readers with a deep understanding of venture capital and capital markets. Recognized as an essential resource in today's fast-changing business world, Red Herring gets the right answers before anyone else even thinks to ask the questions. More information on Red Herring is available on the Internet at www.redherring.com.
About Cloudmark
Cloudmark protects 2 billion global subscribers daily from an explosion in messaging abuses across more operator networks than anyone else. Only Cloudmark defends the world’s largest Mobile, Fixed and Social Media Providers, including AT&T, Comcast, MySpace, NTT, Swisscom and Time Warner Cable, with scalable and accurate protection against the widest range of existing and emerging messaging threats.