ST. CHARLES, IL--(Marketwire - June 21, 2010) - Monolith Software (www.monolith-software.com), developer of the industry's most versatile technology management solution, today announced it has been selected as a Finalist for Red Herring's North America 100 award, a prestigious list honoring the year's most promising private technology ventures from the world North American business region.
For more information on Monolith Software's network, system and application performance management software, please view the following white paper: A Phased Approach for Building a Next Generation Network Operations Center or see the recent announcement, Monolith Software Enhances Network Performance Management.
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.
"Monolith Software has set out to change IT network monitoring and management practices and turn typical hardware and application performance management views into true IT dashboards for business services," said Jeff Parker, president and CEO of Monolith Software. "We are proud that Red Herring views our expanded scalability, enhanced reporting, and industry leading administration automation and visibility as apart from the competition."
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 an invaluable instrument, for discovering and advocating the greatest business opportunities in the industry.
"This year was especially difficult," said Alex Vieux, publisher and CEO of Red Herring. "Despite the global economic situation, there were many great companies producing really innovative and amazing products that we had a difficult time narrowing the pool and selecting the finalists. Monolith Software shows great promise, 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 award. We know that this year's crop will grow into some amazing companies that are sure to go far."
Finalists for the 2010 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, and clean tech industries sent in their submissions to qualify for the award.
The Finalists are invited to present their winning strategies at the Red Herring North America Conference in San Diego, June 22-24, 2010. The Top 100 winners will be announced at a special awards ceremony on June 24 at the event.
About Monolith Software
Monolith Software offers the industry's most flexible IT management software designed to increase the operational efficiencies of network operations centers (NOCs) while delivering a fully integrated, open architecture platform for managing fault, availability and performance management.
Contact Information:
For more information, contact:
Joline Biancavilla
BridgeView Marketing
joline@bridgeviewmarketing.com
603-570-7539
Matt Saarima
Monolith Software
msaarima@monolith-software.com
312-957-6470