Red Herring Selects Airmagnet For Prestigious 'The Red Herring Top 100 Innovators Award'
The Award Recognizes 100 Companies That Embody Innovation
SUNNYVALE, Calif., Dec 06, 2004 — AirMagnet Inc., the leader in wireless LAN security and performance solutions, today announced that it has been selected as a Top 100 Innovator by Red Herring, the award winning Silicon Valley media company that covers technology, innovation, entrepreneurship and business.
"It is an honor to be recognized as a Red Herring Top 100 Innovator," said Dean Au, chief executive officer of AirMagnet. "This recognition is due to our continued innovation in the wireless LAN security and performance space, as well as the rapid growth of our worldwide customer base. Companies that are serious about WLAN and use it as part of their critical day-to-day business turn to AirMagnet to keep their networks running and secure."
Since its inception in 2001, AirMagnet has garnered over 2,600 customers and experienced tremendous success in the manufacturing, retail, healthcare and government vertical markets. AirMagnet recently announced its eighth consecutive quarter of profitability during Q3 of 2004, and revenue for the year ending September 30th was more than double the previous year's. AirMagnet's strong growth has been led by the rapid adoption of its Enterprise solution, which is now used by over 200 companies globally.
"Selection for the Innovation 100 puts a company in an elite group. The editors worked hard to identify the companies who will benefit from the important technology trends in the coming year," said Joel Dreyfuss, editor-in-chief of Red Herring.
Red Herring's editorial staff evaluated over 1200 submissions from 900 companies. The editors used a careful analysis of financial data as well as subjective criteria, including quality of management, execution of strategy and dedication to research and development. The Top 100 Innovators will be announced during the Red Herring Fall 2004 conference, December 6-8, 2004 , at the Monterey Plaza Hotel in Monterey , Calif. For more information, please contact Sean Raman at sraman@redherring.com , or visit www.redherring.com .
About Red Herring
Red Herring covers technology innovation, venture financing, and the deals that make a difference. Its award-winning journalists go deeper, providing a comprehensive, critical analysis of what's new and why it matters. Red Herring covers the business trends with insight that counts, serving today's entrepreneurs and the technology of tomorrow. Head to www.REDHERRING.com for articles, newsletters, and research reports that matter. Red Herring Conferences are open only to CEOs and select senior executives. To subscribe to the Red Herring Magazine call 866.311.9582 or email redherring@neodata.com .
About AirMagnet
Founded in 2001, AirMagnet, Inc., provides the most trusted WLAN management and security software systems for the enterprise in handheld, laptop and distributed configurations. Used by IT professionals at more than 2,600 companies worldwide in manufacturing, financial, retail, service, health care, utility, transportation, education and government sectors, AirMagnet solves Wi-Fi connection problems, tracks down unauthorized access, simplifies site surveys, and locks in unprecedented levels of network performance, security and reliability. Additional information about AirMagnet and its products is available on the Web at www.AirMagnet.com.
© 2004 AirMagnet, Inc. All rights reserved. AirMagnet® and AirWISE® are registered trademarks, and the AirMagnet logo is a trademark, of AirMagnet, Inc. All other product names mentioned herein may be trademarks of their respective companies.
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