Gridstore Named Red Herring Global 100 Finalist

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					Gridstore Named Red Herring Global 100 Finalist

Software Defined Storage Innovator Recognized Among Prestigious List of

Mountain View, CA, November 29, 2012 -– Gridstore™, the leader in
software defined storage solutions, today announced that the company has
been named a finalist in the Red Herring Global 100 for delivering the
next generation of scale out storage. The Global 100 is considered by
many technology executives, investors and industry observers as an
indicator of the most promising young companies that will lead the next
wave of market disruption and innovation.

The Red Herring editorial team selected the most innovative companies
from a pool of 1200 companies from across the world – the finalists from
its Red Herring Asia, Europe and North America Awards. The nominees were
evaluated on both quantitative and qualitative criteria, such as
financial performance, technology innovation, quality of management,
execution of strategy, and integration into their respective industries.
This unique assessment of potential is complemented by a review of the
actual track record and standing of a company, which allows Red Herring
to see past the “buzz” and make the list an important instrument for
discovering and advocating the greatest business opportunities in the

"2012 has been an excellent year and extremely rewarding," said Anam
Alpenia, vice president, Red Herring. "Despite the ongoing impact of the
global economic situation, there are many great companies producing truly
innovative and amazing technologies, to the extent that we had a hard
time narrowing the pool and selecting the finalists. Gridstore shows
great promise and therefore deserves to be among the finalists. Now we’re
faced with the difficult task of selecting the winners of the Top 100
Global Award.”

Businesses of all sizes are suffering from the explosion of data growth.
With this, the cost is also exploding and it becomes impossible to scale
efficiently with legacy architectures. Gridstore addresses the influx of
data that traditional monolithic architectures have not been able to
solve. Gridstore is first to market with an advanced grid-based,
software-defined scale-out storage platform that scales as a business’s
data needs scale, no overprovisioning, no wasted capacity. The Grid
revolutionizes the way users manage their storage, and seamlessly
integrates into an organization’s existing environment.

“Our team is happy to be recognized by Red Herring for delivering a
simple, powerful and affordable storage solution that scales dynamically
with customer needs,” said Kelly Murphy, CEO of Gridstore. “We are
addressing the needs for the mid-market and giving them an alternative to
monolithic storage that was never designed to solve their storage
requirements. The Red Herring team selected a top-notch lineup of
companies as its group of finalists and we take pride in being among
these innovators.”
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About Gridstore
Gridstore is the leading provider of software defined storage that turns
simple storage building blocks into the world’s most powerful and
affordable storage without limits. Gridstore brings the era of mainframe-
style monolithic storage and its disruptive forklift upgrades to an end.
The Grid allows businesses to start small and pay as they grow to any
size while growing more powerful with each additional block. We eliminate
the frustrations of planning and forecasting for the unknown. No more
headaches, no more disruption to the business. Now you can effortlessly
give your organization the powerful storage it demands. Gridstore is
headquartered in Mountain View, Calif. and has development facilities in
Dublin, Ireland. For more information, please visit:

Contact :
Sabrina Sanchez
The Ventana Group
Chantilly, VA
(925) 785-3014

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Description: Software Defined Storage Innovator Recognized Among Prestigious List of Nominees