The companies on this year's list are proof that creative ideas continue to find the funding that turns them into promising businesses.
Andover, MA (PRWEB) May 20, 2008
Red Herring today announced that Acquia, Inc. is a recipient of the Red Herring 100 North America, an award given to the top 100 private technology companies based in the region.
"We are honored to be included in this year's impressive list of Red Herring 100 winners," said Jay Batson, Acquia Co-Founder and CEO. "This award further validates our open source business model and innovative approach toward supporting the large Drupal community. Our mission is to accelerate market adoption of the Drupal social publishing system by offering value-added software products and services that ease installation, streamline site operations, and improve ongoing support and maintenance."
"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."
Red Herring's annual lists of top private companies are an important part of the company's tradition of identifying new and innovative technology companies and entrepreneurs. Companies like Google, eBay, and Skype were spotted in their early days by Red Herring editors, and touted as leaders that would change the way we live and work.
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.
This year marks the 11th anniversary of the Red Herring 100 Awards.
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 http://www.redherring.com.
Acquia is a ground-breaking open source software company providing value-added products and services for the wildly popular Drupal social publishing system. The people of Acquia believe that the open source development approach and social publishing technology have the power to connect people and unleash their collective creative potential in order to achieve great things. Company founders are Dries Buytaert, original Drupal creator and project lead, and Jay Batson, previously founding CEO of open source VOIP software company, Pingtel. Please visit http://acquia.com.
The Drupal social publishing system has been downloaded over 2 million times since its inception, and project growth has doubled annually for several years. Drupal is used to deliver a wide variety of application types including single or multi-user blogs, wikis, community networks, digital media portals, and web content publishing and management.
Assisted by a thriving ecosystem of consultants and developers, a diverse list of organizations are using Drupal including SonyBMG, Warner Brothers Records, New York Observer, Forbes, The Onion, Harvard University, and Amnesty International. A huge community has grown up around Drupal, with thousands of active contributors to the open source technology, including nearly 2000 community-developed modules for extending Drupal functionality. For more information, please visit http://drupal.org.