FOR IMMEDIATE RELEASE
Log Savvy contact:
Rosie Pongracz, VP Product Marketing
415-672-3746
rosie.pongracz@logsavvy.com
Red Herring Spring contact:
Michael Felber, mfelber@redherring.com
Xenia von Wedel, xenia@terpin.com
Log Savvy Named a Red Herring 100 Winner
Award Recognizes the 100 Private Technology Firms in North America
Driving the Future of Technology
Berkeley, CA, May 22, 2006 — Log Savvy, a data analysis company, 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 the technology business. To view the full list, please visit www.redherring.com.
As one of the winners, Mark Searle Co-Founder & CEO of Log Savvy, 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 Log Savvy, are pushing and breaking the boundaries of the technology business and we are excited to report on their success stories.”
“Well, I said we were ‘thrilled’ back when we were selected among the 200 finalists, so you can imagine how excited we are to be actual Red Herring 100 Winners and to join the ranks of the world-changing technology companies who have been selected in the past!” said Mark Searle, Co-Founder & CEO of Log Savvy Corporation. “It is gratifying and affirming that the Red Herring editors have recognized and validated our vision that, just as the invention of the relational database decades ago enabled the creation of new industry sectors, Log Savvy’s revolutionary free-form relationship mining will re-energize the world of data warehousing, analytics and predictive modeling to build new lines of revenue for existing companies and to launch and propel entirely new industries.”
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 Log Savvy 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 Log Savvy
Log Savvy is a Data 2.0 analytics company whose free-form relationship mining solution helps companies with big, complex data easily and efficiently identify influencers and create additional lines of revenue. Unlike solutions that rely exclusively on relational databases, standardized data environments or out-dated analysis tools, Log Savvy uses next generation, NASA-inspired technology to log, analyze, and model predictions from formatted or unformatted data, regardless of its source or location to create Return on Interrelationships (ROI) that impact a company’s bottom line.
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.