| [January 20, 2010] |
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Netcordia Joins Elite Red Herring Global 100
ANNAPOLIS, Md. --(Business Wire)--
Netcordia (News - Alert), a leading innovator of network management software, has been named to the Red Herring Global 100 list of most promising private technology companies in the world. Immune to the economic downturn, Netcordia joins a highly select group of companies that outperformed their market for three years running, and are now poised for the most aggressive growth as tech spending recovers.
Netcordia's continued investment in innovation drives its record growth, coupled with the key role that network configuration management plays in building reliable virtual- and cloud-based services.
Even as companies cut IT budgets to the core in 2009, Netcordia's flagship software NetMRI continued to make the short-list for funding because of its critical support for companies' top IT priorities in 2009 - including:
Cloud-based services: Organizations delivering services "in the cloud" have zero tolerance for latency or downtime caused by a network infrastructure unable to keep pace with dynamically changing customer demands
Virtualization: The success of large-scale server and storage virtualization projects hinges on having a disciplined network configuration and change management policy and process
Data center consolidation: Best-in-class IT departments test and improve the underlying network before making massive data center moves
Compliance: Network automation becomes essential IT compliance support, as every device, configuration and change needs to be done right - and documented
NetMRI automates routine network administration tasks and finds lurking configuration problems, allowing stretched-thin network management teams to move strategic projects forward.
"Recession is a terrific opportunity for companies that deliver outstanding value to customers to emerge from the pack," said Don Pyle, CEO of Netcordia. "Our software gained widespread acceptance during this downturn - and likewise, our customers are emerging as visionaries in their own industries. They've figured out how to tap the most innovative technology to advance their businesses, without missing a beat. This acknowledgement from Red Herring (News - Alert) equally reflects their success."
The final winners were chosen after careful evaluation of both quantitative and qualitative criteria. "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."
This year's winners become members of the coveted list of recognized technology leaders including Google, Yahoo!, Skype (News - Alert), Netscape, Salesforce.com and YouTube.
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. More information about Red Herring is available online at www.redherring.com.
About Netcordia
Netcordia is a leading provider of network administration software to the world's most complex and mission-critical networks. Its award-winning NetMRI network change and configuration management (NCCM) link to solution continuously audits multi-vendor infrastructures, identifies anomalies early and speeds resolution. Netcordia helps leading healthcare, managed service providers, financial services, academic, and government organizations stretch IT budgets, improve overall performance, meet corporate policy and comply with stringent federal regulations. Founded in 2000, Netcordia is headquartered in Annapolis, Maryland, and ranks on the Red Herring 100, the Inc. 500 and the Deloitte (News - Alert) Fast 500 lists. For more information, visit www.netcordia.com.
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