MEDFORD, NJ and LISBON, PORTUGAL--(Marketwired - Apr 8, 2013) - Watchful Software, a leading provider of data-centric information security solutions, announced today it has been selected as a Finalist for Red Herring's Top 100 Europe award, a prestigious list honoring the year's most promising private technology ventures from the European business region.
The Red Herring editorial team selected the most innovative companies from a pool of hundreds from across Europe. "This year was rewarding, beyond all expectations," said Alex Vieux, publisher and CEO of Red Herring. "The global economic situation has abated and there are many great companies producing really innovative and amazing products. We had a very difficult time narrowing the pool and selecting the finalists. Watchful Software shows great promise and therefore deserves to be among the Finalists. Now we're faced with the difficult task of selecting the Top 100 winners of Red Herring Europe. We know that the 2013 crop will grow into some amazing companies that are sure to make an impact."
"It's an honor to be called out by Red Herring as a leader in innovation and entrepreneurship," said Charles Foley, Chairman and CEO of Watchful Software. "For years they have singled out companies that combine killer technology, massive market potential, and savvy leadership to create world-class companies. These are exactly the ingredients that Watchful has put together, and this recognition is evidence of how powerfully the market is responding to our ability to execute and address a global problem with our leading-edge technology."
Finalists for the 2013 edition of the Red Herring 100 Europe award are selected based upon their technological innovation, management strength, market size, investor record, customer acquisition, and financial health. The nominees are evaluated on 20 main quantitative and qualitative criterion: they include disruptive impact, market footprint, proof-of-concept, financial performance, technology innovation, social value, quality of management, execution of strategy, and integration into their respective industries.
This assessment of potential is complemented by a review of the actual track record and standing of a company, 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.
The Finalists are invited to present their winning strategies at the Red Herring Europe Forum in Amsterdam, April 8-10, 2013. The Top 100 winners will be announced at a special awards ceremony the evening of April 10 at the event.
About Watchful Software - www.watchfulsoftware.com
Watchful Software was formed in 2012 to address the requirement to protect an organization's most critical asset after its people -- its information. The company is staffed by industry executives with decades of systems, software, networking, security, and compliance experience to address the growing need for protecting sensitive and proprietary information against accidental or malicious theft, leakage, or loss. Leveraging key technologies including advanced encryption algorithms, digital rights management, and e-Biometrics, Watchful Software has developed a suite of solutions that ensure only authorized personnel have access to enterprise systems or can handle sensitive information, thereby protecting against the massive economic and competitive damage often done by cyber terrorists and information thieves.