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Virtual Instruments Selected as a Red Herring Top 100 North America Tech Startup
Continued Financial Success and Strong Company Leadership Places Virtual Instruments among Top Private Companies in North America
Red Herring’s Top 100 North America list has become a mark of distinction for identifying promising new companies and entrepreneurs. Red Herring editors were among the first to recognize that companies such as Facebook, Twitter, Google, Yahoo, Skype, Salesforce.com, YouTube, and eBay would change the way we live and work.
“Choosing the companies with the strongest potential was by no means a small feat,” said Alex Vieux, publisher and CEO of Red Herring. “After rigorous contemplation and discussion, we narrowed our list down from hundreds of candidates from across North America to the Top 100 Winners. We believe Virtual Instruments embodies the vision, drive and innovation that define a successful entrepreneurial venture. Virtual Instruments should be proud of its accomplishment, as the competition was very strong.”
“Earlier this year we celebrated a record-setting pace as the company grew sales by over 150% in the second half of 2010. In addition, we secured major new enterprise accounts with industry leaders including two of the largest US-based insurance companies, and multiple very large diversified US-based financial services firms,” said Len Rosenthal, VP of marketing at Virtual Instruments. “We’
Red Herring’s editorial staff evaluated the companies on both quantitative and qualitative criteria, such as financial performance, technology innovation, management quality, strategy, and market penetration. This assessment of potential is complemented by a review of the track record and standing of startups relative to their sector peers, allowing Red Herring to see past the “buzz” and make the list a valuable instrument of discovery and advocacy for the most promising new business models in North America.
About Virtual Instruments
Virtual Instruments offers the award-winning VirtualWisdom and SANInsight virtual infrastructure optimization solutions that provide deep monitoring and analysis of how the virtualized IT infrastructure and the SAN affect business-critical application performance. Global 2000 customers across a broad range of industries achieve significant cost savings in virtualization and SAN deployments by optimizing utilization, performance and availability of IT resources. Leading system and storage vendors including IBM, HP, HDS, Dell and EMC leverage Virtual Instruments to design and optimize SAN solutions for enterprise customers. The company was founded in June 2008 via a spin-out from Finisar Corp.; it has headquarters in San Jose, Calif., and can be found online at http://www.virtualinstruments.com