Xceedium In Red Herring Awards

Xceedium, a vendor of entitlement management solutions that control high-risk users, today announced that Red Herring has named the company a finalist for its prestigious Red Herring Global 100 Awards. The Red Herring Global 100 list is recognized by many technology executives, investors and industry observers as an invaluable tool for discovering the most promising young companies that will lead the next wave of market disruption and innovation.

The Red Herring editorial team deploys a detailed process to whittle down a pool of 600 eligible, promising companies to the 200 finalists of this global award. Evaluations are made on both quantitative and qualitative criteria, such as financial performance, innovation, management, global strategy and ecosystem integration. The finalists, elite executives and venture capital leaders will celebrate the Top 100 Privately Held Companies from around the world in San Diego from January 14-16, 2009. Xceedium's market position, product portfolio, sales traction and overall organizational performance contributed to its selection by Red Herring. Xceedium successfully raised its Series A round of funding in 2005, and has shown steady growth in quarterly and annual revenues. The company is expected to reach profitability in 2009 without any additional funding.

Xceedium's success is driven by its robust solutions for increasingly strict compliance regulations and more outsourcing of
employees and contractors that require access to critical IT infrastructure, as well as a constant focus on the threats posed by high-risk users. Xceedium entitlement management helps to reduce the complexity and cost of controlling high-risk users. Its double-digit sales growth, high new customer adoption rates and frequent repeat purchases from its existing customer base are testimonials to Xceedium's superior technology and commitment to customer support. Its customers gain a comprehensive and cost-effective approach to security and compliance for high-risk users through its unique and patent-pending technologies.

"We are very pleased to be recognized by Red Herring by our nomination for this prestigious award," said Cheryl Traverse, CEO at Xceedium. "Being named a Red Herring Global 100 finalist further validates our position as a leader in security and compliance for high-risk users, and our commitment to helping both the government and commercial sectors balance audit and compliance requirements with the need for operational efficiency."

The Xceedium GateKeeper(TM) is a hardened appliance that enables companies to securely manage the activities of high-risk users from a central point to anywhere in the heterogeneous IT infrastructure, without modification of legacy systems and with minimal implementation. It provides first-to-market control, monitoring, recording and reporting capabilities for the high-risk user group and helps companies cost-effectively and efficiently satisfy audit and compliance requirements. The GateKeeper integrates with Active Directory, Open LDAP, RSA SecureID and PKI/CAC. Xceedium GateKeeper has also achieved Common Criteria EAL3, FIPS 140-2, Level 2, and JITC PKI/CAC certifications.