ATLANTA--(BUSINESS WIRE)--Damballa, a leader in advanced threat detection and containment, was named a winner of Red Herring's 2015 Top 100 North America award, recognizing the most promising private technology companies. Damballa was selected from among hundreds of applicants and more than 20 evaluation criteria. Damballa demonstrated differentiated value in its technology and intellectual property, the business problems we solve, the strength of our customer base, high-growth and financial performance and the addressable market.
“Innovation is the heart of Damballa so to be recognized for our contributions by Red Herring as a market leader hits home for us,” said David Scholtz, CEO of Damballa. “Since 2006, we’ve tackled the ever-present, constantly shifting challenges of securing networks from advanced threats. Global enterprises, ISPs, and mobile carriers understand the odds of compromise are likely and reducing infection dwell time is critical to preventing damage. They are increasingly turning to Damballa and our innovative, scientific-approach, which positively identifies unknown and hidden network infections.”
Damballa was honored as being among the best performing and most prominent companies of 2015 at the Red Herring North American Award ceremony and dinner event last night. David Scholtz presented Damballa’s advanced threat protection solutions, which rapidly discover infections that bypass prevention and pinpoints devices that represent the highest risk to an organization. Damballa’s patented solutions leverage Big Data from eight trillion unique Internet records annually, combined with machine learning, to automatically discover criminal activity and help responders rapidly stop data theft.
“In 2015, selecting the top achievers was by no means a small feat,” said Alex Vieux, publisher and CEO of Red Herring. “In fact, we had the toughest time in years because so many entrepreneurs had crossed significant milestones so early. But after much thought, rigorous contemplation and discussion, we narrowed our list down from hundreds of candidates from across North America to the North America winners. We believe Damballa embodies the vision, drive and innovation that define a successful entrepreneurial venture. Damballa should be proud of its accomplishment, as the competition was very strong.”
Red Herring Top 100 North America enlists outstanding entrepreneurs and promising companies. It selects 100 award winners from among the approximately 3,000 tech startups financed each year in the US and Canada. Since 1996, Red Herring has kept tabs on these up-and-comers. Red Herring editors were among the first to recognize that companies such as Facebook, Twitter, Google, Yahoo, Skype, Salesforce.com, YouTube, Marin Software, Palo Alto Networks and eBay would change the way we live and work.
As a leader in automated breach defense, Damballa delivers advanced threat protection and containment for active threats that bypass all security prevention layers. Born for breach defense, Damballa rapidly discovers infections with certainty, pinpointing the compromised devices that represent the highest risk to a business, and enabling prioritized response and refocusing of security experts to the areas of greatest risk to an enterprise. Our patented solutions leverage Big Data from one-third of the world’s Internet traffic, combined with machine learning, to automatically discover and terminate criminal activity, stop data theft, minimize business disruption, and reduce the time to response and remediation. Damballa protects any device or OS including PCs, Macs, Unix, iOS, Android, and embedded systems. Damballa protects more than 400 million endpoints globally at enterprises in every major market and for the world's largest ISP and telecommunications providers. For more information, visit www.damballa.com, or follow us on Twitter @DamballaInc.