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| Ketera Named a "Red Herring 100 Global 2007" Award Finalist |
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Ketera Honored Among This Year's Most Promising Private Technology Ventures in the World
Santa Clara, Calif., November 29, 2007 – Ketera, the leading provider of On Demand Spend Management solutions, announced today that Red Herring Magazine has named the company a finalist for the "Red Herring 100 Global 2007" award, a prestigious list honoring this year′s most promising private technology ventures in the world.
Red Herring 100 winners and finalists from North America, Europe and Asia of the last three years were eligible for this award. The Red Herring editorial team used a very competitive process to whittle down this pool of 1,800 promising companies to the 200 finalists of this first–time award. Evaluations were made on both quantitative and qualitative criteria such as financial performance, innovation, management, global strategy, and ecosystem integration. The names of all 200 companies short–listed as finalists for the "Red Herring 100 Global 2007" can be found online at: http://herringevents.com/global07/index.html.
"The 200 finalists we selected from around the world are all excellent contenders," said Joel Dreyfuss, editor–in–chief, Red Herring. "They are exceptional companies with smart and innovative platforms that attest to the importance of technology in today′s global economy."
Ketera has made the final group because of its outstanding achievements, and Red Herring Magazine is honored to announce it is one of the most promising technology firms in the world.
"To be celebrated as one of the most promising private technology ventures globally by Red Herring Magazine is an honor," said Burton M. Goldfield, chief executive officer, Ketera. "This is our second time receiving industry recognition from Red Herring, and to go from a `Top 100´ winner to a `100 Global´ finalist is indicative of the momentum Ketera has gained serving our growing international client base. Red Herring′s acknowledgement represents an achievement resulting from our unwavering dedication to provide customers with business services that help control and reduce corporate spending at a low cost of ownership."
Ketera and the finalist companies will be celebrated at the Red Herring Global event in Seattle, WA, on December 3–5, an exclusive event honoring cutting–edge private technology companies from across the world. The 100 winners will be announced at the award ceremony on December 4.
About Red Herring
Red Herring is a global media company uniting 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 research; 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. For more information, visit: http://www.redherring.com.
About Ketera
Ketera is the fastest–growing provider of On Demand Spend Management solutions, providing companies with the applications and services needed to control and reduce corporate spending. Ketera's closed–loop spend management solutions include applications for spend analysis, sourcing, contract management, procurement, supplier enablement & content management, supplier performance management, and invoice management.
Since its inception, Ketera has supported enterprise customers of all sizes, industries and geographies, including numerous Fortune 500 companies. In 2006, Ketera surpassed $5 trillion in spend analyzed and more than $1 billion in transactions between buyers and suppliers. Many of the world’s leading enterprise companies, including ServiceMaster, American Express, Kennametal, Con–way, and Northrop Grumman Corporation, depend on Ketera Spend Management to deliver real, hard–dollar savings quickly.
For more information about Ketera and the Ketera Spend Management suite of services, please visit: http://www.ketera.com.
For more information:
Amy Wall
Voce Communications, Inc.
650–228–5182
awall@vocecomm.com
Red Herring:
Jordy Brazier
Senior Manager, Red Herring
Global
650-585-3524
jbrazier@redherring.com
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