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Power Assure Named Red Herring Global 100 Winner(December 14, 2011)
SANTA CLARA, CA -- (Marketwire) -- 12/14/11 -- Power Assure®, Inc., a data center energy management solutions provider, today announced that it has been named a Red Herring Global 100 winner, a prestigious recognition that honors the year's 100 most notable private technology companies and entrepreneurs from across the globe. Red Herring's editorial staff evaluated Power Assure on both quantitative and qualitative criteria, such as financial performance, technology innovation, management quality, strategy, and market penetration.
The Red Herring editorial team selected Power Assure from a field of more than 1000 companies from more than 40 nations. The best companies from Asia, Europe and North America were judged on a range of qualitative and quantitative metrics, including but not limited to, technology innovation, financial performance, growth criterion, management's execution standards, potential globalization of the strategy, and market share improvement.
"We are very pleased to be honored as one of the most innovative global companies in 2011 by the Red Herring," said Brad Wurtz, president and CEO, Power Assure. "The award is recognition for all of the hard work we have done to understand what our customers' challenges are and give them new tools to overcome them. As data center operators we have not only a financial incentive to make our assets more efficient, but also an obligation to take the lead in reducing our power consumption and CO2 emissions. We are proud to be part of a community that is working hard toward improving the planet's environment."
"Choosing the best out of the previous two years was by no means a small feat," said Alex Vieux, Chairman of Red Herring. "After rigorous contemplation and discussion, we narrowed down our list from 1,100 potential companies to 100 winners. It was an extremely difficult process. Power Assure should be extremely proud of its achievement, the competition for the Top 100 was fierce. The Top 100 Global are truly the best of the best."
About Power Assure (www.powerassure.com)
Power Assure is a leading developer of Data Center Energy Management software for large enterprises, government agencies, and managed service providers. Power Assure's solutions provide visibility, intelligence, analytics and automation to help CIOs, IT directors, and facilities managers optimize capacity, service levels, and power consumption within and across data centers. Headquartered in Santa Clara, CA, the company is privately held with funding from ABB Technology Ventures, Dominion Energy Technologies, Draper Fisher Jurvetson, Good Energies, Point Judith Capital, and a grant from the Department of Energy. Power Assure partners include ABB, Cisco, Dell, IBM, Intel, In-Q-Tel, Raritan, UL and VMware.
Power Assure is a registered trademark of Power Assure, Inc. All product names and references remain the trademarks or registered trademarks of their respective owners.
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