Ksplice Named to Thomson Reuters "VCJ 20 Most Promising Startups"
Only revenue-funded company to receive the award in 2010
Cambridge, Mass., April 6, 2010 – Ksplice Inc. was named one of the top 20 "Most Promising Startups" chosen by the editors of Thomson Reuters Venture Capital Journal.
Ksplice's technology "solves a real pain point for anyone who manages Linux servers," the journal wrote, saying "the Ksplice team appears to fully appreciate what is required for a startup to succeed."
Ksplice is the only revenue-funded company to make the magazine's first-ever list, which will appear in its Yearbook 2010 issue. The other 19 companies had been funded through venture capital investments, according to the magazine.
"We're honored to receive this vote of confidence from Thomson Reuters VCJ," said Jeff Arnold, Ksplice's chief executive officer.
Companies on the list were located in the U.S., Canada or Japan. Winners were scored based on their potential market size, quality of the team, technology edge, business model and exit potential, the magazine said.
In February, Ksplice launched Uptrack, the company's first product, which eliminates the need to restart Linux servers when installing crucial updates and security patches. Based on technology from the Massachusetts Institute of Technology, Ksplice Uptrack is a subscription service that allows IT administrators to keep Linux servers up-to-date without the disruption and downtime of rebooting.
More than 80 leading cloud-computing and Web hosting providers have deployed Ksplice Uptrack, which has successfully averted tens of thousands of reboots to date and improved the security of cloud computing as a result.
Ksplice Uptrack is now available for users of six leading versions of Linux: Red Hat Enterprise Linux, Ubuntu, Debian GNU/Linux, CentOS, Parallels Virtuozzo Containers, and OpenVZ. The subscription fee starts at $3.95 per month per system, after a 30-day free trial. A free version is also available for Ubuntu.
Last year, Ksplice won a Technology Innovation Award from The Wall Street Journal, which named Ksplice the most innovative security or privacy company of 2009. Ksplice has also won the grand prize in the Forbes.com "Boost Your Business" competition, the Massachusetts Institute of Technology $100K Entrepreneurship Competition and the 2009 Cyber Security Challenge.
About Ksplice: Ksplice is an enterprise software company making reboots a thing of the past. Organizations use Ksplice Uptrack, the company's first product, to make their Linux systems more secure, reliable and maintainable through seamless updates. Ksplice was founded in 2008, based on research from the Massachusetts Institute of Technology, and is based in Cambridge, Mass. For more information, please visit http://www.ksplice.com.
Media Contact:
Keith Winstein
765-577-5423 (office)
617-388-2138 (mobile)
keithw@ksplice.com (email)
Ksplice, Inc.
Ksplice and Uptrack are registered trademarks of Ksplice, Inc.