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| Ketera Named Red Herring Top 100 Winner |
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Award Recognizes the 100 Private Technology Firms in North America Driving the Future of Technology
Santa Clara, Calif., May 22, 2006 – Ketera, the leading provider of On Demand Spend Management solutions, today announced 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.
As one of the winners, Steve Savignano, Chairman of the board at Ketera, will present on the company′s behalf 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.
"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, Ketera, are pushing and breaking the boundaries of the technology business and we are excited to report on their success stories."
"We are honored to be included among this elite group of top 100 private companies, and recognized for our work in breaking the traditional boundaries within the enterprise software industry," said Savignano. "There is a revolution happening today in the way technology is being delivered and sold, and customers are driving change and reacting against the traditional licensing and maintenance fee model of software delivery. Ketera′s authentic on demand spend management solutions are designed to free customers from the burden of expensive and cumbersome packaged applications, while delivering unprecedented business value."
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 Ketera 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.
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 Ketera
Ketera is the leading provider of on demand, spend management solutions, providing companies with the applications and services needed to control and reduce corporate spending at a low cost of ownership.
Ketera Spend Management includes applications for spend analysis, sourcing, procurement, contract management, supplier performance and payment and reconciliation. The Ketera difference is our on demand delivery model, which combines hosted spend management applications with the "heavy lifting" services required for success, including supplier enablement, hardware infrastructure, project resources, system administration and solution upgrades.
For more information about Ketera and the Ketera Spend Management suite of services, please visit www.ketera.com.
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 e–mail 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 |
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