BOXBOROUGH, MA, April 22, 2009—Digital Reef (www.digitalreefinc.com), developer of the first massively scalable unstructured data management platform for eDiscovery, data risk mitigation, knowledge reuse, and strategic storage initiatives, announced that it was named to the first annual listing of the InformationWeek Startup 50, revealed today in InformationWeek Magazine and on InformationWeek.com.
InformationWeek's Startup 50 is a list of the top 50 business technology startups selected by InformationWeek readers and editors. Companies were selected in a three-step process that involved nomination, online voting, and editorial vetting.
The technologies and the companies behind them were evaluated on the following criteria:
- Innovation and their ability to inject new ways of doing things into business processes
- Value, which is reflected in lower costs, increased sales, higher productivity, or improved customer loyalty
- Enterprise-readiness, meaning that a product or service scales and can be deployed and managed as necessary by IT pros
Digital Reef was designed to rapidly address very large stores of unstructured data, without manual effort or disruption to data center or business activity. The Digital Reef solution provides enterprises a set of analysis and classification tools that allows them to manage critical data that they had little or no control over previously. It enables them to:
- Locate specific kinds of data, including sensitive data like Social Security and credit card numbers
- Identify regulated data for compliance
- Pinpoint relevant documents for pending legal action
- Find intellectual property that can be reused for competitive advantage
"We are very pleased to be among the InformationWeek Startup 50," stated Steve Akers, President and CEO of Digital Reef. "Managing unstructured data has been a major challenge for enterprises and our team has spent several years developing a platform that can really get the job done. It's good to see their hard work recognized in this way."
Enterprises use Digital Reef to improve outcomes and reduce the cost and risk associated with locating and producing information for eDiscovery; Governance, Risk and Compliance (GRC); knowledge reuse; and storage management processes, including storage reclamation projects.
"It was difficult to limit ourselves to 50 startups because there's a lot of exciting companies out there," said Andrew Conry-Murray, Business Editor, InformationWeek. "That said, we believe the InformationWeek Startup 50 have innovative solutions to critical business problems and are worthy of enterprise consideration."
InformationWeek editors and readers identified young companies that are ready to address the critical challenges facing the enterprise. Whether it is securing networks, cutting costs, or streamlining IT operations and business processes, the InformationWeek Startup 50 provides IT professionals and executives insight on new and innovative solutions from the named companies.
View the full list of the InformationWeek Startup 50: Business Technology Companies To Watch, along with analysis by InformationWeek editors.
About Digital Reef
Digital Reef is a leading software provider helping Global 2000 companies with eDiscovery and Digital Information Governance. Both corporate and IT executives are challenged to find and manage the right information, at the right time necessary to respond to constant business demands such as government laws and regulations, corporate accountability and compliance, and IT digital file and storage policies. Using the industry’s most scalable and open Virtual Governance Warehouse, businesses can rapidly collect, analyze, and then govern information. Digital Reef gives businesses an unprecedented control of their information which can be derived from wherever it resides including emails, documents, repositories, and over 400 different types of files, including images. With Digital Reef, organizations have a standard, disciplined approach to continuously govern information for projects driven by Federal Rules of Civil Procedure, FTC false claims, Sarbanes-Oxley, SEC risk assessments, FDA approvals, and internal IT policies for digital information security, retention, and file management. Enterprises and their law firms, services providers, and consultants across all industries rely on Digital Reef for the fastest way to transform un-managed information into valuable assets. Founded in 2006, Digital Reef is headquartered in Boxborough, Mass. For more information call 978-893-1000 or visit www.digitalreefinc.com.