BOSTON - June 8, 2011 - Core Security Technologies, the market’s leading provider of IT security test and measurement software solutions, today announced that it has been 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.
"This year was very rewarding," said Alex Vieux, publisher and CEO of Red Herring. "The global economic situation has abated and there are many great companies producing really innovative and amazing products. We had a very difficult time narrowing the pool and selecting the finalists. Core Security shows great promise and therefore deserves to be among the finalists. Now we’re faced with the difficult task of selecting the top 100 winners of Red Herring North America. We know that the 2011 crop will grow into some amazing companies that are sure to make an impact."
The Red Herring editorial team selected the most innovative companies from a pool of hundreds from across North America. The nominees are 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 is complemented by a review of the actual track record and standing of a company, which allows 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.
This recognition comes during a year of noteworthy milestones, innovation and momentum for Core Security.The company introduced CORE INSIGHT™ Enterprise - a breakthrough security test and measurement platform that provides continuous, automated testing to verify security controls and demonstrate real exposures to critical IT assets. Core Security also introduced the latest version of its automated penetration testing solution, CORE IMPACT Pro version 11. The widespread adoption of these two solutions has helped the company reach double-digit revenue growth and surpass the 1,000-customer mark.
“We are honored to be a finalist for this year’s Red Herring 100,” said Mark Hatton, chief executive officer of Core Security. “This recognition provides strong validation of Core Security’s innovation and execution in providing solutions that resolve critical security issues for organizations around the globe. We are dedicated to leading the industry by delivering proactive security test and measurement solutions that enable customers identify real risk and limit their exposure to data breach threats.”
Finalists for the 2011 edition of the Red Herring 100 North America 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 telecommunications, security, Web 2.0, software, hardware, biotech, mobile and other industries completed their submissions to qualify for the award.
The finalists are invited to present their winning strategies at the Red Herring North America Forum in Hollywood, Calif., June 13-15, 2011. The top 100 winners will be announced at a special awards ceremony the evening of June 15 at the event.
About Core Security Technologies
Core Security helps organizations bridge the gap between processing volumes of data and gaining actionable intelligence about proven security exposures. Our security test and measurement solutions empower customers with real-world security intelligence, security controls validation and metrics that allow them to more effectively secure their organizations and manage IT risks.
Core Security’s software solutions are used by more than a thousand commercial and government organizations worldwide. Our products range from desktop software tools for security experts to enterprise-wide automated testing and measurement platforms. All of our products and services are backed by over 15 years of leading-edge research and expertise from the company’s Security Consulting Services, CoreLabs Research and Core Engineering groups. Core Security Technologies can be reached at +1 (617) 399-6980 or online at http://www.coresecurity.com.
Dave Bowker or Lesley Sullivan