Press Release
CollabNet® named a Red Herring 100 Winner
Award Recognizes the 100 Private Technology Firms in North America Driving the Future of Technology
BRISBANE, Calif., May 22, 2006 — CollabNet, the leading provider of on-demand distributed software development solutions, today announced that it has been selected as a winner of the annual "Red Herring 100 North America" award by Red Herring magazine. This list of 100 privately held companies in North America recognizes those companies that play a leading role in the innovation of the technology business. To view the complete list, please visit www.redherring.com.
As one of the winners, CollabNet's CEO, Bill Portelli, will present the company at the exclusive Red Herring Spring 2006 CEO summit, May 23-25 in Monterey, California, where a select group of 300 technology entrepreneurs, investors, and corporate developers will gather to be the first to meet this next wave of disruptive technology companies.
Disruptive technologies and business plans
"With venture capital flowing again, we're seeing a lot of innovative new companies taking on the established players with disruptive technologies and innovative business plans," said Joel Dreyfuss, Editor-in-Chief of Red Herring. "The Red Herring 100 North America companies, among them CollabNet, are pushing and breaking the boundaries of the technology business and we are excited to report on their success stories."
CollabNet is paving the road for the next generation of software development, enabling globally distributed or multi-site organizations to collaborate in an effective and secure manner. CollabNet has transformed software development efforts for its customers including HP, Intel, Motorola, and Sun Microsystems and has enabled these companies to take a leadership position in their markets.
"The entire team at CollabNet is excited to receive this honor from Red Herring," said Bill Portelli, CEO of CollabNet. "Collaboration is the critical success factor in software development because collaboration fuels innovation and productivity. This award validates the company's success developing solutions that address the real challenges of global software development and recognizes the rapid growth of the distributed software development market."
More than just buzz
Red Herring's lists of top private companies are an important part of the renowned magazine's tradition of identifying new and innovative technology firms and entrepreneurs. Companies like Google and eBay were spotted in their early days by Red Herring editors as some that would change the way we live and work.
After receiving more than 1,000 submissions and nominations, Red Herring's editorial staff rigorously evaluated CollabNet and other contenders through a careful analysis of financial data and subjective criteria, including quality of management, execution of strategy, and dedication to research and development. The Red Herring 100 North America companies are at the forefront of the technologies that are changing our lives in profound ways.
Honoring the best
To honor the Red Herring 100 companies, Red Herring has invited their CEOs and founders to present at its Red Herring Spring 2006 conference, a forum for technology's most exciting companies, and to share their insights on the future of innovation and the entrepreneurial journey. Scheduled to take place at the Hyatt Regency Hotel in Monterey, this intimate, invitation-only conference will explore "The Pursuit of Disruption" and how it spawns unexpected opportunities, novel alliances, and great success stories.
