Digital Reef Named to The First Annual InformationWeek Startup 50April 22, 2009
Unstructured data management-company recognized for innovation in technology, business model, and value delivered
BOXBOROUGH, Mass., April 22, 2009—Digital Reef (www.digitalreefinc.com), developer of the first massively scalable unstructured data management platform for eDiscovery, data risk mitigation, knowledge reuse, and strategic storage initiatives, announced that it was named to the first annual listing of the InformationWeek Startup 50, revealed today in InformationWeek Magazine and on InformationWeek.com.
InformationWeek’s Startup 50 is a list of the top 50 business technology startups selected by InformationWeek readers and editors. Companies were selected in a three-step process that involved nomination, online voting, and editorial vetting.
The technologies and the companies behind them were evaluated on the following criteria:
*Innovation and their ability to inject new ways of doing things into business processes
*Value, which is reflected in lower costs, increased sales, higher productivity, or improved customer loyalty
*Enterprise-readiness, meaning that a product or service scales and can be deployed and managed as necessary by IT pros
Digital Reef was designed to rapidly address very large stores of unstructured data, without manual effort or disruption to data center or business activity. The Digital Reef solution provides enterprises a set of analysis and classification tools that allows them to manage critical data that they had little or no control over previously. It enables them to:
*Locate specific kinds of data, including sensitive data like Social Security and credit card numbers
*Identify regulated data for compliance
*Pinpoint relevant documents for pending legal action
*Find intellectual property that can be reused for competitive advantage
“We are very pleased to be among the InformationWeek Startup 50,” stated Steve Akers, President and CEO of Digital Reef. “Managing unstructured data has been a major challenge for enterprises and our team has spent several years developing a platform that can really get the job done. It’s good to see their hard work recognized in this way.”
Enterprises use Digital Reef to improve outcomes and reduce the cost and risk associated with locating and producing information for eDiscovery; Governance, Risk and Compliance (GRC); knowledge reuse; and storage management processes, including storage reclamation projects.
“It was difficult to limit ourselves to 50 startups because there’s a lot of exciting companies out there,” said Andrew Conry-Murray, Business Editor, InformationWeek. “That said, we believe the InformationWeek Startup 50 have innovative solutions to critical business problems and are worthy of enterprise consideration.”
InformationWeek editors and readers identified young companies that are ready to address the critical challenges facing the enterprise. Whether it is securing networks, cutting costs, or streamlining IT operations and business processes, the InformationWeek Startup 50 provides IT professionals and executives insight on new and innovative solutions from the named companies.
View the full list of the InformationWeek Startup 50: Business Technology Companies To Watch, along with analysis by InformationWeek editors.
About Digital Reef
Digital Reef has created the first massively scalable unstructured data management platform for automatically discovering vital information trapped within vast stores of unstructured data. By rapidly examining all of an enterprise’s data and identifying relevant content, Digital Reef allows organizations to respond quickly when called upon to find specific information-even if they didn’t previously know they had it. Large enterprises use Digital Reef to significantly reduce the burden, cost, and risk associated with locating and producing required information for eDiscovery, risk mitigation, knowledge reuse, and storage management processes. With Digital Reef, enterprises know what they have, where it is, and how to access it when they need it. Digital Reef is headquartered in Boxborough, Mass. For more information call 978-893-1000 or visit www.digitalreefinc.com.
InformationWeek (www.informationweek.com) is the anchor brand for the InformationWeek Business Technology Network - a powerful portfolio of resources that span the technology market, including security with DarkReading.com, storage with ByteandSwitch.com, application architecture with IntelligentEnterprise.com, network architecture with NetworkComputing.com, cloud computing with PlugIntoTheCloud.com, and Internet innovation with InternetEvolution.com. InformationWeek magazine reaches 440,000 business technology professionals at more than a quarter million unique locations. Its mission is to help CIOs and IT executives define and frame their business technology objectives. InformationWeek.com delivers breaking news, blogs, high-impact image galleries, and proprietary research as well as analysis on IT trends, a whitepaper library, video reports, and interactive tools, all in a 24/7 environment.
TechWeb (http://techweb.com/aboutus), the global leader in business technology media, is an innovative business focused on serving the needs of technology decision-makers and marketers worldwide. TechWeb produces the most respected and consumed media brands in the business technology market. Today, more than 13.3 million* business technology professionals actively engage in our communities created around our global face-to-face events such as Interop, Enterprise 2.0, Web 2.0, Black Hat and VoiceCon; online resources such as Informationweek.com, Light Reading, Intelligent Enterprise, bMighty.com, and the Financial Technology Network; and the market leading, award-winning InformationWeek, TechNet Magazine, MSDN Magazine, and Wall Street & Technology magazines.