Glassbeam Named Top 50 Startup at TiECon 2011

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Prestigious industry award recognizes leading start-ups from a nomination pool of over 1,600 companies.

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“Being recognized as a TiE50 winner is a true testament to Glassbeam's entrepreneurial spirit and world class caliber.”
- Mr. Vish Mishra, Chairman of TiEcon 2011 and President of TiE Silicon Valley.

Glassbeam (http://www.glassbeam.com), a leading technology startup in Business Analytics Software industry, today announced that it has been chosen as a winner of the highly coveted TiE50 Award. Glassbeam will be honored at TiEcon 2011 on May 13th & 14th, 2011, at the Santa Clara Convention Center in Santa Clara, CA.

TiEcon is the world's largest conference for entrepreneurs featuring two action-packed days of rich dialogue, networking, and deal making with thousands of entrepreneurs, venture capitalists, industry executives, and thought leaders. This year, the TiE50 program screened 1619 high quality companies worldwide, through a multi-tier screening and judging process.

“Glassbeam was clearly ranked amongst the best of the breed by a team of 60 highly accomplished and experienced judges. These experts included globally recognized venture capitalists, CEO’s, academia, and serial entrepreneurs,” said Mr. Vish Mishra, Chairman of TiEcon 2011 and President of TiE Silicon Valley. “Being recognized as a TiE50 winner is a true testament to their entrepreneurial spirit and world class caliber,” Mr. Mishra added.

“It is a great honor for Glassbeam to be recognized for this prestigious award,” said Puneet Pandit, Glassbeam’s co-founder and CEO. “In our short history of 2 years since launching the solution in 2009, we have accomplished a lot with our marquee accounts and stellar partners in the emerging space of product analytics. TiE50 recognition reinforces our faith in our mission to change the world of business analytics as it pertains to product generated operational data.”

"TiE50 companies this year again represented an extraordinary set of ideas, innovation, and business opportunities. Since its inception two years ago, 94% of TiE50 companies have been funded, attracting over $20 Billion in investments, while 42 companies have already exited,” said Ram K. Reddy, Chair TiE50 2011. “We plan to feature our finalists and winners through various channels and outreach programs during the year,” added Mr. Reddy.

“TiEcon’s platform and TiE’s global entrepreneurial network enabled us to draw the most entrepreneurial startups with breakthrough technologies, savvy market strategies, and incredible teams with palpable passion. We built upon the phenomenal success of the program in the past two years,” said Mateen Syed, Co Chair TiE50 2011.

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