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Press Release
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iRise Named as Finalist for “Red Herring North America 100” Award
Company selected from more than 1,000 entries
EL SEGUNDO, Calif. — April 5, 2006 — Red Herring today announced that iRise® the world’s leading application definition software and services company, has been named one of the Finalists for the “Red Herring 100 North America” award program. Well over 1,000 privately held technology companies submitted to this year’s edition of the prestigious award, giving evidence to the invigorated innovative and entrepreneurial strength of the technology ecosystem. As one of the finalists, Emmet B. Keeffe III, chief executive officer (CEO) and co-founder of iRise, will join the exclusive Red Herring Spring 2006 CEO summit, May 23-25 in Monterey, California, where the technology industry’s most-innovative CEOs, venture financiers, and corporate strategists will gather to meet this next wave of disruptive companies.
"We can see the resurgence of the tech sector reflected in the quantity and variety of excellent companies that we had to chose from in putting our list together,” said Joel Dreyfuss, editor-in-chief of Red Herring. “It was difficult to choose the 200 finalists and we are very happy with the stellar quality of the companies on this short-list."
“We’re honored by this prestigious distinction from Red Herring as it speaks to our leadership in the industry and network of top-tier consulting partners,” said Mr. Keeffe.
More than just buzz
The “Red Herring 100 North America” award is an important part of Red Herring’s tradition of recognizing new and innovative technology firms and their entrepreneurial founders. iRise and the other nominees were rigidly evaluated on both quantitative and qualitative criteria such as financial performance, technology innovation, quality of management, execution of strategy, and integration into their ecosystem. This unique assessment of potential complemented by a review of the actual track record and standing of a company allows Red Herring to see past the “buzz” and make the list an invaluable instrument for discovering and advocating the greatest business opportunities in the industry.
Bringing together the best
As part of this tradition to honor innovation and entrepreneurship in the business of technology, Red Herring will again host “Red Herring Spring,” a two day invitation-only summit for the CEOs and founders of the Red Herring 100 winners and finalists in Monterey, California. The summit's C-level attendees will convene under the theme “The Pursuit of Disruption” to discuss major trends and opportunities and to explore partnerships, alliances, investments, and M&A activities. Further information regarding the event and how to register is available at http://www.herringevents.com/rhspring06.
About iRise
iRise® is dedicated to bridging the communication gap between business and IT by improving the process of defining software. Leading corporations like Agilent, Fireman's Fund, Sprint, Wachovia, Sun Trust Bank, Royal Caribbean Cruise Lines and Motorola use its market leading application definition platform to get requirements right - the first time. iRise application simulations cut rework costs, accelerate time to market and reduce the risks associated with global development on mission-critical business systems initiatives. Unlike text-based requirements, visual iRise simulations are unambiguous and enforceable specifications that ensure the needs of the business are clearly understood and met. iRise simulations can be built by business experts and used in a collaborative global model to quickly iterate on stakeholder requirements with business people, dramatically improving project success. Headquartered in El Segundo, Calif., iRise is backed by Morgan Stanley Venture Partners and has sales offices across North America.
About Red Herring
Red Herring 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 reports 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.
Contact:
Carla A. Schlemminger
iRise
(415) 772-0827
carlas@irise.com
Ami Hamilton
Access Communications
(415) 844-6251
ahamilton@accesspr.com
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