Seattle, Wash. – July 1, 2010 – Skytap, Inc., the leading provider of self-service cloud automation solutions, today announced that the company has been selected as a winner of Red Herring’s North America 100 award, a prestigious list honoring the year’s most promising private technology ventures from the North American business region. This is the second time Skytap has been recognized for its leadership and innovation in cloud computing over the last month. In early June, Skytap was named to the 2010 SD Times 100 list alongside Amazon, Google and Salesforce.com.
Red Herring’s Top 100 North America list has become a mark of distinction for identifying promising new companies and entrepreneurs. The Red Herring 100 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. 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 make the list an invaluable instrument for discovering and advocating the greatest business opportunities in the industry. Skytap joins past award winners including Facebook, Twitter, Google, Yahoo!, Skype, Salesforce.com, YouTube, and eBay.
“Skytap has exceeded its revenue goals over the last few years and recognition as a Red Herring 100 winner pays tribute to our exceptional team and their ability to execute on our long-term vision,” said Scott Roza, CEO of Skytap. “Skytap will continue to build upon its heritage in cloud automation and lead the charge in providing customers with a self-service solution for running enterprise applications in the cloud.”
Skytap provides cloud automation solutions for enterprises and software vendors to develop, test, migrate, evaluate, demo, and train on new and existing applications in the cloud. Skytap empowers users to create multi-machine virtual data centers with point-and-click ease, while enabling IT users to gain visibility and control, and reduce costs by 70% or more. Businesses of all sizes can deploy Skytap in a day and accelerate their transformation to the cloud.
“Choosing the companies with the strongest potential was by no means a small feat,” said Alex Vieux, publisher and CEO of Red Herring. “After rigorous contemplation and discussion, we narrowed our list down from hundreds of candidates from across North America to the Top 100 Winners. We believe Skytap embodies the vision, drive and innovation that define a successful entrepreneurial venture. Skytap should be proud of its accomplishment, as the competition was very strong.”
The Top 100 winners were announced at a special awards ceremony on June 24 at the Red Herring North America Conference in San Diego. The full list of winners is available at: http://www.herring100.com/RHNA2010/2010winners/2010winners.html.