SOURCE: Netuitive

 

RESTON, VA--(Marketwire - May 27, 2008) - Netuitive, Inc., the leading provider of self-learning performance management software, today announced that it has won a Red Herring 100 Award, a selection of the 100 most innovative private technology companies based in North America. Netuitive was presented with the award at the Red Herring North America event on May 13, 2008 in San Jose, California.

Red Herring's editorial staff rigorously evaluated more than 800 private companies through a careful analysis of financial data and subjective criteria, including quality of management, execution of strategy, and dedication to research and development.

"The large number of entries in this year's competition demonstrates that the economic slowdown has not affected technology innovation," said Joel Dreyfuss, editor-in-chief of Red Herring. "The companies on this year's list are proof that creative ideas continue to find the funding that turns them into promising businesses."

Over the last year Netuitive has experienced over 100 percent revenue growth, closed million dollar deals with industry leaders in the financial services, retail, e-commerce and telecommunications industries, and surpassed its 200th customer milestone. The company appeals to organizations by replacing human guesswork with the accuracy of automated mathematics, enabling proactive end-to-end management of mission-critical applications residing across physical and virtual infrastructures.

"Being named a Red Herring 100 winner is truly an honor and further validates what our growing base of Fortune 500 customers are already seeing," said Nicola Sanna, CEO at Netuitive. "Self-learning performance management software represents a paradigm shift for IT organizations that slashes administrative costs and assures their real-time, mission-critical applications are running optimally."

About Red Herring

Red Herring is a global media company which unites the world's best high technology innovators, venture investors and business decision makers in a variety of forums: a leading innovation magazine, an online daily technology news service, technology newsletters and major events for technology leaders around the globe. Red Herring provides an insider's access to the global innovation economy, featuring unparalleled insights on the emerging technologies driving the economy. More information about Red Herring is available on the Internet at www.redherring.com.

About Netuitive, Inc.

Netuitive is the leading provider of self-learning performance management software. Based on nine patented technologies resulting from 20 years of academic and commercial research and development, Netuitive products replace human guesswork with automated mathematics and analysis to improve performance of systems, business services and virtual infrastructures. Hundreds of customers such as Kroger, BlueCross BlueShield, MetLife, Wachovia and the U.S. Air Force have discovered that Netuitive software leverages existing monitoring systems and delivers return on investment in as little as two months. Netuitive has received many industry accolades, including as a "Best of VMworld" winner, Pink Elephant "Innovation of the Year," and Red Herring 100 Finalist. For more information, please visit www.netuitive.com.