Correlsense Named as a Finalist for the 2010 Red Herring 100 North America Award

Correlsense, a provider of IT reliability solutions, today announced it has been selected as a finalist for the Red Herring North America 100 award, a prestigious list honoring the year’s most promising private technology ventures f rom the North American business region.

The Red Herring editorial team selected the most innovative companies f rom a pool of hundreds f rom across North America. The nominees are evaluated on both quantitative and qualitative criteria such as financial performance, technology innovation, quality of management, execution of strategy, and integration into their respective industries.

“This year was especially difficult,” said Alex Vieux, publisher and CEO of Red Herring. “Despite the global economic situation, there were so many great companies producing really innovative and amazing products, that we had a difficult time narrowing the pool and selecting the finalists. Correlsense 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 North America award. We know that this year’s crop will grow into some amazing companies that are sure to go far.”

Correlsense’s inclusion as a finalist recognizes the company’s technology innovation and market adoption of its transaction management solution, SharePath. SharePath tracks every transaction throughout each hop in the data center, providing unprecedented visibility into the user experience, applications, and infrastructure. Enterprises can ensure IT reliability by using this data to optimize the end-user experience, minimize the risks associated with new service roll-outs, issue chargebacks for IT resources consumed, and improve the capacity planning process.

“Our approach to managing application performance differs f rom our competitors; whereas other vendors focus on monitoring individual components in isolation, we’re giving IT teams full visibility across both physical and virtual applications,” said Oren Elias, CEO of Correlsense. “Enterprises are responsive to our approach because the analytics we collect go beyond performance tuning—in fact, we can extract the most value out of their IT systems by focusing on the elements of IT reliability.”

Finalists for the 2010 edition of the Red Herring 100 North America award are selected based upon their technological innovation, management strength, market size, investor record, customer acquisition, and financial health.

Elias will present Correlsense’s winning strategies at the Red Herring North America Conference in San Diego, June 22-24, 2010. The Top 100 winners will be announced at a special awards ceremony on June 24 at the event.

About Correlsense
Correlsense SharePath provides a breakthrough in IT Reliability™ by providing both a bird’s-eye and detailed view of how business transactions perform across the four dimensions (4D) of end-users, applications, infrastructure and business processes. While other service management and performance management applications focus on identifying problems at individual components (servers, databases, etc.), SharePath automatically detects and traces each entire transaction path, f rom a click in the browser through all its hops across data center tiers. With the ability to record and correlate individual transaction activations across both physical and virtual components, IT gains full visibility of the transaction metrics required to ensure IT Reliability™ for packaged and homegrown applications. The rich data f rom SharePath is used by major enterprises to rapidly pinpoint and solve problems and to gain unprecedented insights for their IT service management initiatives such as ITIL. For more information please visit www.correlsense.com.