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Permabit Technology Corporation Named 2009 Hot Companies Finalists By Network Products Guide

Posted on: Monday, 15 December 2008, 08:00 CST

Winners Will Be Honored At Technosium's World Executive Alliance Summit in San Francisco on March 26-27, 2009

CAMBRIDGE, Mass., Dec. 15 /PRNewswire/ -- Permabit Technology Corporation today announced that it has been named a 2009 Hot Companies finalists by Network Products Guide. Selected from a global industry analysis of information technology vendors which included established large companies, mid-size and new start-ups, Permabit Technology Corporation has advanced to the finalists stage based on the "4Ps" selection criteria -- namely Products, People, Performance, and Potential. The coveted 2009 Hot Companies analysis encompasses companies in all areas of information technologies including security, wireless, storage, networking, software and communications.

The "Hot Companies" 2009 evaluation process also assessed candidates for entrepreneurial spirit, seasoned executives with relevant experience, clear understanding of the segment of IT market they are currently active and plan to stay active in, products and solutions that are positioned to take advantage of the emerging market opportunities, well developed revenue-growth model and clearly planned expansion strategies.

The 2009 Hot Companies winners will be announced and honored at the 2009 "World Executive Alliance Summit" in San Francisco, California, USA on March 26-27, 2009 Permabit Technology Corporation will be amongst the other key industry players at this event. The CEOs of finalists will be presenting their company's 4Ps criteria live to an audience of leading entrepreneurs, IT companies, venture capitalists, corporate strategists and media. To see the complete list of finalists please visit http://www.networkproductsguide.com/hotcompanies/

"We are delighted that our company has reached the 2009 Hot Company Finalist stage," said Tom Cook, CEO Permabit. "This further validates our position as a company poised to successfully overcome the critical challenges today's enterprise faces in dealing with the exploding volume of corporate data, by delivering to the market a highly cost-effective, scalable, self healing disk-based storage archiving solution designed for the 21st century. We are proud of this accomplishment and will be presenting at the 2009 World Executive Alliance Summit to win the 2009 Hot Companies award."

About Network Products Guide Awards

Network Products Guide, published from the heart of Silicon Valley, is a leading provider of products, technologies and vendor related research and analysis. You will discover a wealth of information and tools in this guide including the best products and services, roadmaps, industry directions, technology advancements and independent product evaluations that facilitate in making the most pertinent technology decisions impacting business and personal goals. The guide follows conscientious research methodologies developed and enhanced by industry experts. To learn more, visit www.networkproductsguide.com

About Permabit

Permabit delivers next generation disk-based archiving solutions that dramatically reduce primary storage costs by greater than 10 times. With patented technology, the Permabit Enterprise Archive(TM) provides a massively scalable disk archive that costs a fraction of what it takes to manage tape or optical, with advanced data protection and reduction technologies that offer decades of reliable information access. Permabit was founded in 2000 by a technical and business team from Massachusetts Institute of Technology. For more information, visit www.permabit.com.

Permabit, the Permabit logo, Permabit Enterprise Archive, and Scalable Data Reduction are trademarks of Permabit Technology Corporation, Inc. in the U.S. and other countries.

SOURCE Permabit Technology Corporation

Source: PR Newswire

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