JERSEY CITY, NJ (November 11, 2014) – Evolven today announced that it has been selected as a candidate for Red Herring's 2014 Top 100 Global award, a prestigious recognition honoring the year’s most audacious and far-reaching private technology companies and entrepreneurs from across the globe. Evolven is an innovator and leader in the field of IT Operations Analytics (ITOA), applying ITOA to solve chronic change and configuration management challenges.
The Red Herring editorial team selected the companies demonstrating the most innovative technologies and business models originating from over 1,000 companies from more than 40 nations. These companies, representing past Red Herring Asia, Europe and North America awards, are judged on a range of qualitative and quantitative metrics, including but not limited to, technology innovation, financial performance, growth criterion, management's execution standards, potential globalization of the strategy, and market share improvement.
"Technology companies are becoming the bright spot in the economic outlook based on their increasing role within macro-economic environments," stated Alex Vieux, Red Herring chairman. "2014 has demonstrated the sector's vibrant activity and its contribution to the global economic recovery. An unprecedented number of entrepreneurs are jumping ahead of the competition and making a difference. Constant breakthroughs make recent developments obsolete faster than ever before. Evolven is performing exceptionally well in its field and strongly deserves to be singled out as one of the Red Herring Global finalists. At this stage, we are left with the daunting task to select the best qualified companies for the 2014 Top 100 Global Award."
The finalists are invited to present their winning strategies at the Red Herring Global forum in Los Angeles, Nov. 18 to 20. The Top 100 winners will be announced at a special awards ceremony on Nov. 20 at the event.
About Red Herring
Red Herring is a global media company that unites the world's best high-technology innovators, venture investors and business decision-makers in a variety of forums, including print, online and exclusive events worldwide. Red Herring provides an insider's access to the global innovation economy, identifying new and innovative technology companies and entrepreneurs. Its Red Herring 100 awards for North America, Europe, Asia and Global have recognized more than 5,000 companies in their early stages, including Baidu, Google, eBay and Skype. For more information, please go to: http://www.redherring.com/events/
Evolven applies a new IT Operations Analytics approach to the chronic change and configuration challenges, turning dynamic, overwhelming change and configuration data into actionable insights. Using this solution allows IT operation managers to know exactly what has changed in their environments, investigate incident root-cause, maintain environment consistency, validate changes, and eliminate configuration drift.
Leading industry analyst Gartner selected Evolven as a Cool Vendor in IT Operations for 2013 recognizing Evolven as "the only vendor to marry IT Operations Analytics to configuration and change management." In 2013, Evolven was selected as a winner of the Red Herring Top 100 North America award, a prestigious honor that recognizes the year's most promising private technology companies across North America. Adding to this recognition, other industry analysts have recognized Evolven for "transforming change and configuration management" and as the "industry's most adaptive change management analytics."
Evolven is a privately held, venture-backed company headquartered in the U.S., with presence in Europe and the Middle East. Evolven's executive team and advisory board include world-renowned experts in IT management and enterprise software. Evolven's investors are leading venture capital firms Pitango Venture Capital (www.pitango.com) and Index Ventures (www.indexventures.com).