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Sumo Logic Named Among Top 100 Tech Startups in North America by Red HerringLog Management and Analytics Company Honored as One of 2012's Most Innovative and Promising Technology Vendors (May 29, 2012)
MOUNTAIN VIEW, CA -- (Marketwire) -- 05/29/12 -- Sumo Logic, the next generation log management and analytics company, today announced it has been selected as a winner of the Red Herring Top 100 Americas award, a prestigious list honoring the year's most promising private technology companies from the North American business region.
The Red Herring Top 100 Americas list has become a mark of distinction for identifying promising new companies and entrepreneurs. Red Herring editors were among the first to recognize that companies such as Facebook, Twitter, Google, Yahoo, Skype, Salesforce.com, YouTube and eBay would change the way we live and work.
"Sumo Logic is very honored to be named a winner of the 2012 Red Herring Top 100 Americas award," said Vance Loiselle, CEO of Sumo Logic. "Machine data is growing exponentially, and enterprises need easy to deploy, highly scalable, cloud-based solutions that will continually grow with their data. We believe Sumo Logic's streamlined service will completely transform how companies manage IT and derive business insights, and we are thrilled that the Red Herring judging panel has recognized our innovation and market penetration."
"Choosing the companies with the strongest potential was by no means a small feat," said Alex Vieux, CEO and publisher 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 Sumo Logic embodies the vision, drive and innovation that define a successful entrepreneurial venture. Sumo Logic should be proud of its accomplishment, as the competition was very strong."
The Red Herring editorial staff evaluated the companies on both quantitative and qualitative criteria, such as financial performance, technology innovation, management quality, strategy and market penetration. This assessment of potential is complemented by a review of the track record and standing of startups relative to their sector peers, allowing Red Herring to see past the "buzz" and make the list a valuable instrument of discovery and advocacy for the most promising new business models in Americas.
About Sumo Logic
Sumo Logic is the next generation log management and analytics company that leverages Big Data for real-time IT insights. The company's cloud-based service provides customers with real-time interactive analytics at unprecedented petabyte scale. The Sumo Logic service is powered by patent-pending Elastic Log Processing and LogReduce technologies, and transforms log data into actionable insights for IT operations, application management, and security and compliance teams. Unlike expensive and complex premise-based solutions, the Sumo Logic service has a low TCO, can be deployed instantly, scales elastically and requires zero maintenance. The company is based in Silicon Valley and is backed by Greylock Partners and Sutter Hill Ventures. For more information, visit www.sumologic.com.
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