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@CloudExpo Authors: Liz McMillan, Zakia Bouachraoui, Dana Gardner, Yeshim Deniz, Elizabeth White

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TwinStrata Named a Finalist for 2011 Red Herring Award

This award honors the year’s most promising private technology ventures from the North American business region

On Thursday TwinStrata announced that it has been selected as a Finalist for Red Herring's Top 100 North America award. This award honors the year's most promising private technology ventures from the North American business region.

TwinStrata CEO Nicos Vekiarides observed that "To emerge as a Red Herring finalist from such a large and distinguished group of companies under consideration is a testament to our ability to execute."

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.

"With unprecedented simplicity, we are enabling a new breed of enterprise data storage that allows businesses to take full advantage of the scalability and efficiency of cloud storage, resulting in significantly reduced capital and operating expenses," Vekiarides continued.

"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. TwinStrata 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."

More Stories By Liz McMillan

News Desk compiles and publishes breaking news stories, press releases and latest news articles as they happen.

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