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WhiteHat Security Named Red Herring 100 Global Award Winner

Company Honored Among the Most Promising Private Technology Ventures in the World

SANTA CLARA, Calif., Jan. 20 /PRNewswire/ -- WhiteHat Security, the leading provider of website risk management solutions, today announced that the Company has been named a winner of Red Herring's Global 100 award, a prestigious list honoring the year's leading private technology ventures from around the world. Earlier this year, WhiteHat was also named to the Red Herring 100 North America list.

The CEOs of the 200 finalists presented their winning strategies at the Red Herring Global Conference in Laguna Niguel, California, January 12-14, 2010. The Top 100 winners were announced at a special awards ceremony at the event.

Red Herring's editorial staff evaluated the companies on both quantitative and qualitative criteria, such as financial performance, technology innovation, management quality, strategy and market penetration. This assessment of potential is complemented by a review of the track record and standing of startups relative to their sector peers, allowing Red Herring to see past the "buzz" and make the list an invaluable instrument of discovery and advocacy for the greatest business opportunities from around the world.

To help organizations gain control over website security threats, WhiteHat Security has taken a leadership position in developing products to enable companies of all sizes and budgets to implement comprehensive website risk management programs. WhiteHat Sentinel, the Company's flagship Software-as-a-Service (SaaS) solution, is the only enterprise-class solution that combines advanced proprietary scanning technology with website security expert analysis. The end result is the highly accurate identification and verification of application vulnerabilities, enabling companies to strategically apply the appropriate resources necessary to secure their online assets and prevent website attacks.

"Website risk management is an increasingly important consideration for businesses to protect their assets, maintain normal business operations and establish a strong overall security posture," said Stephanie Fohn, CEO, WhiteHat Security. "Appearing on Red Herring's Global 100 list among the top technology ventures in the world is a great honor and a testament to the growing need for organizations to operationalize their website security programs. We anticipate continued corporate growth and adoption of WhiteHat Sentinel as the demand for website risk management services continues to increase."

Winners for the 2009 edition of the Red Herring Global 100 award were selected from a list of the regional recipients or finalists of the Red Herring 100 awards in 2007, 2008 and 2009, ranging from Asia, Europe and North America. For the past three years, the award has been given to the top 100 global technology companies 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 and clean tech industries sent in their submissions to qualify for the award.

"Choosing the best out of the previous three years was by no means a small feat," said Alex Vieux, publisher and CEO of Red Herring. "After rigorous contemplation and discussion, we narrowed down our list from 1,200 potential companies to 200 finalists. Trying to get it down to 100 companies was a task upon itself. The top 100 companies who were chosen should be extremely proud, the competition was difficult."

About Red Herring

Red Herring is a global media company uniting 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 view of the global innovation ecosystem, featuring unparalleled insights on the emerging technologies driving the economy.

For more information contact Anam Alpenia at: [email protected].

About WhiteHat Security, Inc.

Headquartered in Santa Clara, California, WhiteHat Security is the leading provider of website risk management solutions that protect critical data, ensure compliance and narrow the window of risk. WhiteHat Sentinel, the company's flagship product family, is the most accurate, complete and cost-effective website vulnerability management solution available. It delivers the flexibility, simplicity and manageability that organizations need to take control of website security and prevent Web attacks. Furthermore, WhiteHat Sentinel enables automated mitigation of website vulnerabilities via integration with Web application firewalls and Snort-based intrusion prevention systems. To learn more about WhiteHat Security, please visit our website at www.whitehatsec.com.

SOURCE WhiteHat Security, Inc.

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