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MaxxVault Named 2012 Red Herring 100 Global Winner

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Islandia, NY, Dec. 3, 2012 (GLOBE NEWSWIRE) -- (http://www.myprgenie.com) -- MaxxVault LLC is proud to announced that it has been named to the Red Herring Global 100 list of the world's top private technology companies. MaxxVault LLC is focused on developing information management, workflow and records management solutions that are both powerful yet simple to learn and use. Previous winners include technology giants such as Google, Yahoo, Skype, Netscape, Salesforce.com, YouTube and eBay. For MaxxVault LLC, this is further validation that the vision, direction and execution of MaxxVault software solutions are leading the industry.

"Choosing the companies with the strongest potential was by no means a small feat," said Alex Vieux, publisher and CEO of Red Herring. "After rigorous contemplation and discussion, we narrowed our list down from hundreds of candidates from across Global to the Top 100 Winners. We believe MaxxVault LLC embodies the vision, drive and innovation that define a successful entrepreneurial venture. MaxxVault LLC should be proud of its accomplishment, as the competition was the strongest it has ever been."

The Red Herring editorial team selected the companies demonstrating the most innovative technologies and business models originating from over 1000 companies from over 40 nations. These companies, representing past Red Herring Asia, Europe and North America awards, are judged on a range of qualitative and quantitative metrics, including but not limited to, technology innovation, financial performance, growth criterion, management's execution standards, potential globalization of the strategy and market share improvement.

"I am tremendously proud of my team that works so diligently at delivering the easy to use yet powerful MaxxVault information management solutions," said Bruce Malyon, CEO of MaxxVault. "We were competing against the best technology companies from around the world for this award -- many of them much larger than MaxxVault. The Red Herring 100 Global finalists represent the technology that has the largest and most profound impact on the future of business. To be named as elite among these companies is a true honor."

The success of MaxxVault can be attributed to two primary objectives: make solutions that organizations really need and make them as easy as possible to use. "Our development schedule is heavily influenced by feedback from our clients," said Ken Bly, CTO for MaxxVault. "We are able to translate 'wants' into features that solve the immediate and wider, long-term needs. Information management is all about making the workplace easier and more secure. A positive user experience and easy availability of information and documents means rapid adoption of MaxxVault by the user community."

Thrilled to win the 2012 Red Herring 100 Global Award, MaxxVault LLC continues to innovate. Already plans are in motion to enhance the information management experience for mobile users along with new, powerful tools for small businesses.

CONTACT: Bergen Wilde, bwilde@maxxvault.com,(613) 238-4430 x547

Source: MaxxVault