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TwinStrata Ranks Number Twelve in fundedIDEAS’ Top 300 Startups for 2011
Cloud Storage and Data Protection Innovator Chosen from More Than 2,000 Companies
NATICK, Mass. – May 10, 2011 -- TwinStrata, Inc., the leading innovator in data storage and data protection solutions leveraging cloud storage, today announced it is featured in the 2011 Edition of the fundedIDEAS publication – TOP 300 STARTUPS. The company is ranked 12th out of 300 and was chosen from a pool of 2,117 candidate companies which were evaluated by a team of analysts and independent panelists across 14 varied parameters.
“We are extremely thrilled to feature TwinStrata as a TOP 300 STARTUP and are confident of their ability to adapt to changing customer and market needs, while driving innovation in their sector,” said Jonathon Marcus, editor and co-founder, fundedIDEAS.
fundedIDEAS (previously the VCwire.com) identified 14 parameters used to determine the sustainability of each company evaluated for inclusion in the report. Each of these parameters was selected in order to assess the company’s commitment to creating a sustainable, profitable enterprise. A team of analysts rated each startup candidate across the 14 parameters, compiling a scorecard which was then used to determine an overall rating for each. External, independent panelists were then brought on board to help conduct an unbiased review of each startup featured in the report. Parameters used included business model, current/forecast revenues, management experience and expertise, industry outlook, sector outlook, capital adequacy, investor success rate, exit options, product/service demand, competition density, product/service reviews, disruption analysis, entry barriers, and comparables.
“To be selected from over 2000 startup candidates for the Top 300 is certainly an honor, but then to be ranked 12th out of the 300 is a real accomplishment,” said TwinStrata CEO Nicos Vekiarides. “I think our flexible and efficient delivery model offers companies an easy, affordable, and secure way to begin enjoying the benefits of cloud storage immediately. Given that we require zero capital expenditure and zero risk, our approach has proven to be a viable one. In a competitive market space such as ours, it’s rewarding to have our company perform so well against such an extensive evaluation.”
9 out of 10 startups fail to achieve their stated business objectives. fundedIDEAS was established with the sole objective of discovering the ones that will. Rating each startup on 14 parameters, from strength of the management team, business model and execution strategy to industry and sector outlook -- we deploy the most advanced methodology to establish the stability, sustainability and outlook of venture funded startups. To know more, please visit www.fundedIDEAS.com.
About TwinStrata, Inc.
TwinStrata is an innovator in enterprise-class data storage, data protection and disaster recovery/business continuity solutions using cloud storage. With TwinStrata CloudArray, companies of all sizes can simply and economically leverage the scalability and efficiency of cloud storage while maintaining the availability, performance and security of local storage. CloudArray software and hardware solutions support all file and operating systems, and deliver substantial advantages over traditional off-site storage solutions, including a pay-as-you-go model, unlimited elastic capacity, local performance, in-cloud snapshots and disaster recovery, dynamic caching, automated policies, AES256 encryption, and continuous access to data. For more information about TwinStrata and CloudArray visit www.twinstrata.com.
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