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Red Lambda Selected as SINET 16 Innovator to Present at 2012 SINET Showcase

Industry and Federal Government Leaders Collaborate to Defeat Cybersecurity Threats

ORLANDO, Fla.--(BUSINESS WIRE)-- Red Lambda, a leading provider of grid-based, predictive security analytics solutions for big data, today announced that it has been selected as a SINET 16 Innovator. Red Lambda will present its MetaGrid Big Data Security & Analytics Suite solution during the 2012 SINET Showcase to be held October 25th at the National Press Club in Washington D.C., supported by the U.S. Department of Homeland Security Science & Technology Directorate. The Security Innovation Network (SINET) initiatives are designed to advance innovation and enable collaboration between the public and private sectors to defeat global cybersecurity threats.

Eighty emerging technology companies applied and were carefully vetted in a two-stage process by the SINET Showcase Steering Committee for the opportunity to present innovative and potentially disruptive cybersecurity solutions to an audience of representatives from defense, homeland security, intelligence and civilian federal agencies as well commercial, investment and research communities. Red Lambda, one of sixteen companies to present on stage, will be showcasing its MetaGrid™ solution. MetaGrid is a clean-slate approach to security and operational intelligence. Built with unique big data technologies, MetaGrid eliminates the complexities of big data by unifying the acquisition, correlation, analysis and response processes to handle and shore up diverse security systems through one unified, seamlessly integrated platform.

“Every year the quality of companies applying to present as a SINET 16 Innovator continues to raise the bar. Since 2010 we have received hundreds of applications from outstanding companies who are driven to advance innovation, lead change and create strong bonds of collaboration between the public and private sectors, all in an effort to defeat cybersecurity threats. We are confident that by raising the awareness of Red Lambda and other finalists’ capabilities, there will be an enhanced opportunity to impact the most pressing technology needs of the Federal Government and private industry – and, ultimately, the protection of our nation’s Critical Infrastructure and Command and Control systems. In this light, I am excited to announce the class of 2012 SINET 16 Innovators,” said Robert Rodriguez, Chairman and Managing Principal of SINET.

“We are honored to be selected by SINET to present our technology to such a prestigious ensemble of industry experts,” said Bahram Yusefzadeh, Chairman and CEO of Red Lambda. “We have important, bold technology that we believe can turn the tables on cyber criminals and significantly enhance our ability to fight advanced and sophisticated attacks. Being named a SINET 16 Innovator validates the strength of our offering and provides Red Lambda with a powerful platform to demonstrate our technology’s unique capabilities.”

For more information about attending and to register for the 2012 SINET Showcase on October 25th and the half-day SINET Workshops on October 24th, visit http://www.security-innovation.org/Showcase_2012-Register.htm

Follow SINET on Twitter @SINETconnection

About Red Lambda

Red Lambda enables businesses and government agencies to effectively secure their data through advanced, Big Data analytics technologies that break through the barriers and limitations of existing legacy systems and appliance-based offerings.

Red Lambda’s seamlessly integrated suite of solutions, powered by its massively scalable distributed grid platform called MetaGrid™, fuses virtual supercomputing, relational stream processing and artificial intelligence for the first time into one complete system, enabling real time, on-the-fly anomaly detection for known and unknown threats. The system's predictive capabilities deliver unprecedented visibility and actionable intelligence that makes sense of structured and unstructured data without rules, signatures or manual programming. By empowering end users, companies can deploy preemptive strategies to confidently defend against cyberattacks, while deriving significant business value from their operational data.

Based in Orlando, Florida, Red Lambda, Inc. maintains operations in the U.S. and London, distributing its solutions directly and through strategic partnerships worldwide. For more information, visit www.redlambda.com.

About the Security Innovation Network™

The Security Innovation Network™ (SINET) is a community builder and a strategic advisor whose mission is to advance innovation and enable global collaboration between the public and private sectors to defeat cybersecurity threats. SINET’s public-private partnership events are supported by the U.S. Department of Homeland Security Science & Technology Directorate. SINET’s affiliate, The SINET Group, offers Advisory Services and a Membership Program that offers its social collaboration tool - The SINET Exchange. Through these activities, SINET has helped build thousands of relationships and delivered value across a broad spectrum of the security community to include builders, buyers, researchers, and investors. The SINET team consists of former leaders from the Intelligence, DoD, DHS, and Silicon Valley communities. For more information visit www.security-innovation.org.

Red Lambda
Neal Stein, 321-473-7407
nealjstein@techprsolutions.com
or
SINET
Leslie Kesselring, 503-358-1012
lkesselring@security-innovation.org

Source: Red Lambda