Fred Luddy, ServiceNow Founder, Named 2011 Ernst & Young Entrepreneur of the Year Award Winner
SAN DIEGO, June 21, 2011 /PRNewswire/ — ServiceNow, the creator of cloud services for enterprise IT management, today announced Fred Luddy, ServiceNow founder and chief product officer, is the winner of the Ernst & Young Entrepreneur of the YearÃ‚® 2011 San Diego Award in the category of technology. The award recognizes outstanding entrepreneurs who demonstrate excellence and extraordinary success in such areas as innovation, financial performance, and personal commitment to their businesses and communities.
Fred created ServiceNow to provide an alternative to the old rules and bad habits of traditional enterprise IT software. Born in the cloud, ServiceNow makes IT immediate, social, intuitive, and ultimately user friendly. In other words, Fred set out to give IT people powerful cloud services that just work. Today the world’s leading companies, from Sesame Street to Citigroup, rely on SaaS from ServiceNow to transform IT.
“About seven years ago I decided to do something about the existing state of enterprise IT software. I knew there had to be a better way,” said Fred. “Fast forward a few years and I began to realize ServiceNow has a very real opportunity to become one of the largest, most successful software companies in the world – unimaginable when it was just a handful of us in a little office in Del Mar, California.
“A combination of market dynamics, customer focus, innovative technology, a little luck and a lot of hard work got us here. I’m extremely proud to say it all started in San Diego and continues to benefit the community with great jobs and a renewed vitality.”
The Ernst & Young Entrepreneur of the Year awards program celebrates its 25th anniversary this year. Past award winners have included Howard Schultz of Starbucks Coffee Company, Arthur M. Blank of AMB Group, LLC (Home Depot, Atlanta Falcons), Pierre Omidyar of eBay, Inc., Ruth Fertel of Ruth’s Chris Steak House, Inc., Maxine Clark of Build-a-Bear Workshop, Tom Adams of Rosetta Stone Inc., Matt Szulik of Red Hat, Inc., and last year’s national winner, Howard Lutnick, Chairman and CEO of Cantor Fitzgerald and BGC Capital Partners, Inc.
As a regional award winner, Fred is now eligible for the Ernst & Young LLP Entrepreneur of the Year national program. Award winners in several national categories, as well as the overall national Ernst & Young Entrepreneur of the Year award winner, will be announced at the annual awards gala in Palm Springs, California on November 12, 2011.
Ernst & Young’s Entrepreneur Of The YearÃ‚® is the world’s most prestigious business award for entrepreneurs. The award makes a difference through the unique way it encourages entrepreneurial activity among those with potential and recognizes the contribution of people who inspire others with their vision, leadership and achievement. As the first and only truly global award of its kind, Ernst & Young Entrepreneur Of The YearÃ‚® celebrates those who are building and leading successful, growing and dynamic businesses, recognizing them through regional, national and global awards programs in more than 135 cities in 50 countries.
ServiceNow was created to break all the old rules of enterprise IT management software. Born in the cloud, ServiceNow makes IT immediate, social and intuitive. From the beginning, the company set out to give IT people powerfully simple cloud services that just work. Today, the world’s most recognizable and innovative companies rely on SaaS from ServiceNow to transform IT to achieve IT 3.0. Founded in 2004, ServiceNow was recently named by Inc. 500 as one of the fastest-growing companies in the world and is the undisputed market share leader in SaaS for IT. For more information, please visit http://www.service-now.com or http://blog.service-now.com.