Covertix has received the 2011 Red Herring Top 100 Europe award, a prestigious list recognizing this year's most promising private technology ventures coming from Europe.
Red Herring selected Covertix from a pool of hundreds of business startups from across Europe. The nominees were evaluated on both quantitative and qualitative criteria, such as financial performance, technology innovation, quality of management, integration into their respective industries, and execution of strategy.
“Wikileaks and other related scandals demonstrate that existing technological approaches for information leakage prevention provide only limited security coverage and that organizations still need to better protect their sensitive data,” explained Alon Samia, CEO and Co-founder of Covertix. “We are proud to be named a Red Herring Top 100 Europe company and see this award as recognition of the growing importance of Information Rights Management and our innovative approach to solving a problem faced by every organization.”
Previous winners of the Red Herring Top 100 award include technology leaders such as Facebook, Twitter, Google, Yahoo, Skype, Salesforce.com, YouTube, and Ebay.