Aster Data Systems Wins Red Herring 100 North America Award
Company Honored as One of the Most Promising Private Technology Ventures in North America
San Carlos, CA – May 14, 2009 – Aster Data Systems, a proven leader in high-performance database systems for data warehousing and analytics, has received the prestigious Red Herring 100 North America Award, honoring the most promising private technology companies in North America. The award was given last night in San Diego at the closing ceremony of the Red Herring North America 100 Conference. Companies like Google, Yahoo!, eBay, Skype, Salesforce.com, Netscape, YouTube, and Twitter were spotted in their early days by Red Herring editors, and touted as leaders that would change the way we live and work.
"Aster is committed to providing its customers with the state-of-the-art data warehousing capabilities they require to do rich computations on the huge amounts of data in their organization," said Aster’s CTO and Co-Founder, Tasso Argyros, who presented at the Red Herring conference earlier this week. "The market is demanding performance and scalability within a cost effective data warehousing solution, and this recognition by Red Herring is a testament to the value and innovation Aster is providing to enterprises today."
The winners were selected by the Red Herring editorial team and a panel of judges from a pool of 1,200. Nominees were 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 year was especially difficult," said Alex Vieux, Publisher and CEO of Red Herring. "There were so many great companies producing really innovative and amazing products that we had a difficult time narrowing it down to 200. Selecting the final 100 was an even more arduous task. We know that this year's crop will grow into some amazing companies that are sure to go far."
For over 10 years, The Red Herring 100 North America award, open to private technology companies headquartered in North America, has been given to the top 100 tech companies 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 telecom, communications, security, Web 2.0, software, hardware, biotech, and clean tech industries sent in their submissions to qualify for the award.
In addition to this honor, Aster Data has recently been named as a Tie50, a Top 50 Startup by InformationWeek, a ‘Cool Vendor in Data Management and Integration’ by Gartner, an AlwaysOn OnMedia Top 100 company, a Hot Company by Network Products Guide and a Top 10 Software Company by Silicon India.
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 access to the global innovation ecosystem, featuring unparalleled insights on the emerging technologies driving the economy. For more information, visit www.redherring.com.
About Aster Data Systems
Aster Data Systems is a proven leader in high-performance analytic database systems for data warehousing - the first DBMS to tightly integrate SQL with MapReduce providing deep insights on data analyzed on clusters of low-cost commodity hardware. The Aster nCluster database cost-effectively powers frontline analytic applications for companies such as Coremetrics, MySpace, aCerno (an Akamai company), and ShareThis. Running on low-cost off-the-shelf hardware, and providing 'hands-free' administration, Aster enables enterprises to meet their data warehousing needs within their budget. Aster is headquartered in San Carlos, California and is backed by Sequoia Capital, JAFCO Ventures, IVP, Cambrian Ventures, and First-Round Capital, as well as industry visionaries including David Cheriton, Rajeev Motwani and Ron Conway. For more information please visit http://www.asterdata.com, or call 650-232-4400.
Aster Data Systems, Aster nCluster and the Aster logo are registered trademarks of Aster Data Systems. All other brands and trademarks referenced herein are acknowledged to be trademarks or registered trademarks of their respective holders.
ZAG Communications for Aster Data Systems