CHARLOTTESVILLE, VA - Privaris today announced that it has been selected as one of the Red Herring Top 100 Global Companies, from over 1,800 finalists across North America, Europe, and Asia. The selection process was conducted by Red Herring's editorial team and included evaluating criteria such as financial performance, innovation, management, and global strategy.
The winners were announced at the Red Herring 100 Global event in San Diego, January 14-16, 2009. In addition to the finalists, technology executives and venture capital leaders from around the world were present.
"We are pleased to include Privaris among the top 100 promising global technology companies," said Red Herring publisher Alex Vieux. "As Privaris continues to excel in the security industry, its ripples are turning into waves. We look forward to the future changes that it will undoubtedly influence in the universality of biometric identity verification."
"Privaris is honored to receive such a prestigious award, particularly one with such worldwide reach," said John Petze, CEO of Privaris. "Being selected as a Top 100 Global Company further validates Privaris's business model, our dedicated team, and our mission of making biometrics simple, cost-effective, private, and therefore pervasive. We are extremely proud of how our technology is helping organizations increase the security of their facilities and IT assets, and we thank Red Herring for recognizing our efforts and our company."
Privaris's product family of personal identity verification tokens represents a fundamental shift in biometric security; reaping its benefits no longer means sacrificing convenience and cost. By providing full compatibility with existing door readers and IT security systems, Privaris products enable rapid enterprise deployment of biometric verification for a wide range of applications - no installation or middleware is required. Built-in fingerprint readers and on-board secure matching eliminates the need for biometric databases and associated personal privacy concerns. Each multi-function token replaces access cards and passwords, delivering biometric identity verification for both physical and IT security, helping organizations achieve regulatory compliance and streamlined identity management.
Privaris Inc. focuses its technology expertise on the intersection of high security biometric applications and an individual's right to personal privacy. Privaris's award-winning products authenticate the identity of an individual prior to releasing industry standard credentials that work with existing security systems to grant access to facilities, IT resources, networks, applications and transactions. Privaris Inc. is a privately-held Delaware corporation with its headquarters in Charlottesville, Virginia.
About Red Herring
Red Herring is a global media company, which unites the world's best high technology innovators, venture investors and business decision makers in a variety of forums: a leading innovation magazine, an online daily technology news service, technology newsletters and major events for technology leaders around the globe. Red Herring provides an insider's access to the global innovation economy, featuring unparalleled insights on the emerging technologies driving the economy. More information about Red Herring is available on the Internet at www.redherring.com.