Venafi Wins Prestigious Red Herring 2013 Top 100 North America Award
Salt Lake City, UT
August 7, 2013
Selected From Among Thousands of Startups, Venafi Recognized for IT Security Innovation, Execution Ability and Accelerated Growth
Venafi, the inventor of and market leader in Enterprise Key and Certificate Management (EKCM) security solutions, announced that Red Herring has selected it as a Top 100 North America winner. Venafi helps organizations reduce their attack surface by providing visibility and control over cryptographic keys and certificates, closing the door on escalating cyber-attacks against these vital resources. Fueled by demand from the world’s leading financial institutions, retailers, manufacturers and high-tech companies, Venafi has achieved explosive growth year over year and demonstrated its ability to deliver improved threat detection and IT security to a wide range of enterprises.
“In 2013, selecting the Top 100 achievers was by no means a small feat,” said Alex Vieux, publisher and CEO of Red Herring. “In fact, we had the toughest time in years because so many entrepreneurs have crossed significant milestones so early. But after much thought, rigorous contemplation and discussion, we narrowed our list down from hundreds of candidates from across North America to the Top 100 Winners. We believe Venafi embodies the vision, drive and innovation that define a successful entrepreneurial venture. Venafi should be proud of its accomplishment, as the competition was very strong.”
Red Herring selects only 100 award winners from the 3,000 technology startups financed each year in the US and Canada, choosing the winners based on their technology innovations, financial performance, intellectual property, leadership, business model, customer footprint and market growth. Since 1996 Red Herring’s editors have led the pack in recognizing up-and-coming companies such as Facebook, Twitter, Google, Yahoo, Skype, salesforce.com, YouTube, Palo Alto Networks and eBay.
Venafi joins this elite group for its unique efforts in helping enterprises maintain trust in the encryption assets on which business operations rely. “Today, every business and government is a target for data theft. Hackers and criminals look for the weakest link in security systems—vectors where IT staff can neither monitor or respond to attacks—and they find those weak links in the average enterprise’s vast pool of unsecured certificates and keys,” said Gregory Webb, Venafi Vice President of Marketing.
“When bad actors steal trusted keys or compromise certificates, they can sign malware so that it appears legitimate or gain virtually unlimited access to a company’s private data—all without triggering a response from firewalls, anti-malware, intrusion detection systems and SIEM solutions,” Webb continued. “Only solutions that protect those trusted keys and certificates themselves can defend against these emerging attacks, and we are thrilled that Red Herring has highlighted Venafi’s leadership in meeting this business imperative.”