Award Recognizes the 100 Private Technology Firms in North America Driving the Future of Technology
Orlando FL. – May 22, 2006 - Pentaho Corporation, the world’s leading provider of open source business intelligence (BI) software, 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 that play a leading role in innovating in the technology business. To view the full list, please visit www.redherring.com.
As one of the winners, Andre Boisvert, Chairman of Pentaho, 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 Pentaho, are pushing and breaking the boundaries of the technology business and we are excited to report on their success stories.”
Founded in 2004 by an experienced team of BI veterans, Pentaho has quickly established itself as the fastest-growing project in open source BI. Pentaho provides a full spectrum of open source BI capabilities from reporting and analysis to dashboards and data integration, all available via open source licenses. Pentaho is consistently ranked in the 100 most active projects on sourceforge.net, a testament to the activity and community support around Pentaho.
“We’re delighted to see Pentaho being selected as a Red Herring 100 North America winner,” said Andre M Boisvert, Chairman of Pentaho Corporation. “Pentaho’s innovative technology, coupled with the clear price/performance advantages associated with the use of the open source business model are rapidly transforming the traditional proprietary business intelligence landscape. We are honored to be recognized for our innovation, our market impact, and our execution and we thank Red Herring for that distinction.”
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 Pentaho and the 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.
About Pentaho
Pentaho provides a full spectrum of open source Business Intelligence (BI) capabilities including reporting, analysis, dashboards, data mining, data integration, and a BI platform. Formed by a highly experienced team of industry veterans, Pentaho’s mission is to bring innovative, high quality technology and professional support to the BI market. Pentaho uses a revolutionary approach to development, distribution and support made possible by an open source business model. Pentaho’s technologies support a wide range of business initiatives from sales and profitability analysis, customer analysis, HR reporting, Financial reporting, KPI dashboards, Supply Chain analytics, and operational reporting.
For more information: Pentaho’s web site is located at www.pentaho.com.
About Red Herring Spring 2006
Red Herring Spring 2006 will assemble 300 of the continent’s most innovative and successful CEOs, investors, and corporate developers and feature a dynamic group of over 100 speakers that are pushing and breaking the boundaries of the business of technology. Themed “The Pursuit of Disruption,” it will be held May 23-25 in Monterey, California. Please contact Michael Felber at 650.428.2900 or email
mfelber@redherring.com
to request an invitation to attend the event. More information is available online at www.herringevents.com/rhspring06.
About Red Herring Magazine
Red Herring magazine is a sophisticated insider's guide to the business of technology, featuring unparalleled insights on the emerging technologies driving the economy, from the Internet to wireless communications and digital entertainment. Red Herring's journalists report on how innovation and entrepreneurship are transforming business and how the business of technology is transforming the world, providing readers with a deep understanding of venture capital and capital markets. Recognized as an essential resource in today's fast-changing business world, Red Herring gets the right answers before anyone else even thinks to ask the questions. More information on Red Herring is available on the Internet at www.redherring.com.
Pentaho PR contact: Tony Keller
S&S PR: tony@sspr.com
719-634-8279
Red Herring Spring contact: Michael Felber
mfelber@redherring.com
Media Relations contact: Xenia von Wedel
xenia@terpin.com
|
