Company Recognized as Innovator in Unstructured Data Management Solutions
TEANECK, N.J. — May 26, 2015 – Data Dynamics, Inc., a leader in unstructured data management solutions, today announced it has been short-listed for Red Herring’s Top 100 North America award, a prestigious list honoring the year’s most promising private technology companies from the North American business region.
The StorageX Platform from Data Dynamics enables the intelligent migration and management of unstructured data across multiple storage silos with a single software platform. It empowers enterprises to reduce operational inefficiencies and risk with a policy-based storage management platform that provides oversight and controls over multi-vendor storage silos. High levels of automation allow IT administrators to discover, analyze, optimize, migrate, manage and report on large data assets in next-generation storage environments. StorageX increases business agility by maximizing end user insights from storage, enhancing business continuity and reducing storage complexities related to hybrid and private cloud infrastructure.
“It is an honor to be recognized by Red Herring as a finalist for the Top 100 in North America award,” said Piyush Mehta, CEO of Data Dynamics. “We are changing the game by architecting the next-generation of intelligent data management solutions that meet the demands of today’s storage infrastructures for improved data discovery, analysis, optimization, migration and management throughout the information lifecycle. Data Dynamics is helping enterprises proactively position themselves for their future storage requirements so they can achieve the flexibility and agility they need to manage large data assets from cradle to grave without heavy investments and resource requirements.”
Red Herring has been selecting the most exciting and promising start-ups and “scale ups” since 1995. Finalists are evaluated individually from a large pool of hundreds of candidates based across North America. Twenty major criteria underlie the scoring and process. They include, among others: the candidate company’s addressable market size, its IP and patents, its financing, the proof of concept, trailing revenues and management’s expertise. Each company goes through an individual interview after filling out a thorough submission, complemented by a due diligence process. The list of finalists often includes the best performing and prominent companies of that year.
This unique assessment of potential is supplemented by a review of the company’s actual track record and standing, which allows Red Herring to see past the “buzz” and make the list a valuable instrument for discovering and advocating the greatest business opportunities in the industry. During the several months leading up to the announcement, hundreds of companies in the fields of security, cloud, software, hardware, big data, life sciences, mobile and others completed their submissions to qualify for the award.
2015 will be remembered as a special vintage. “The short-list confirms the excellent foresight and strong innovations created by entrepreneurs in North America. By all measures, the remarkable group of companies comprising the Top 100 Short-list underlines the region’s constant drive to innovate,” said Alex Vieux, publisher and CEO of Red Herring.
The short-listed companies qualify to present their winning technology at the Red Herring North America. The Top 100 winners will be announced during a special awards ceremony the evening of June 3.
About Data Dynamics
Data Dynamics is a leader in unstructured data management solutions that enable the agile discovery, analysis, optimization, migration and management of large data assets across the information lifecycle. Its award-winning StorageX product suite eliminates multi-vendor storage silos providing enterprises with an intelligent, policy-based, cloud storage management platform to empower data portability, usability and insight for business agility and operational efficiency. StorageX has been adopted by hundreds of enterprise customers, Fortune 500 companies, and large municipal governments to increase storage portability for the simplified adoption of next-generation heterogeneous datacenter and cloud infrastructures. For more information, please visit: www.datadynamicsinc.com.
The Ventana Group