BALTIMORE, June 7, 2011 – kloudtrack®, a leader in Cloud Computing technologies and solution services for Governance, Risk and Compliance (GRC), was named Best Information Technology company at the 2011 Incubator Company of the Year Award (ICOY) ceremony on June 2. This award publicly recognizes the accomplishments of companies involved in data management, wireless communication, and other forms of information technology and provides a forum for the nominees to increase their visibility in business, technology, and investment communities.
”The ICOY awards are recognized as one of the most competitive technology innovation awards in the region,” stated Jan M. Levine, founder and Chief Technology Officer (CTO) for kloudtrack®. “Past ICOY winners include some of the most successful venture development and early-stage technology successes on the East Coast and we are delighted to have been selected as an innovation leader – particularly given the quality of this year’s other finalists.”
Finalists and winners were chosen by a cross-section of the region’s prominent industry leaders and early-stage investors. Awards were given based on success in achieving business objectives and developing innovative and disruptive technologies/products. Other criteria considered were growth in revenue, number of customers and significant customers, technology transfer, attraction of outside investors, and impact on the region.
“We are very proud of kloudtrack® for winning the ICOY award,” said Sarah Djamshidi, executive director of the Chesapeake Innovation Center and president of Maryland Business Incubation Association. “This award is in recognition of the hard work, dedication and passion of the entrepreneurs and management team of the company, developing next generation technology and solution offerings. Given the company’s focus on Cloud 2.0 and GRC, kloudtrack® is truly in a unique position to capture mind-share and market-share in several of the most lucrative vertical industries – particularly financial services, healthcare, pharma, and government – the latter being a market sector we at the CIC know intimately.”
Sponsored by Maryland Technology Development Corporation (TEDCO), RSM McGladrey and Saul Ewing LLP, Maryland Incubator Company of the Year Awards acknowledge achievement by incubators and early stage companies to successfully develop and launch their products and services. By providing a forum for innovative companies ICOY awards goal is to increase visibility of these companies to potential investors and customers.
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About kloudtrack®: Headquartered in Annapolis, MD kloudtrack® is a Software-as-a-Service and cloud computing (SaaS|Cloud) company offering Governance, Risk and Compliance (GRC) technologies and solutions for Business Processes, Data Management and Human Interaction workflow. kloudtrack® integrates best-practices management with audit-trails that place a premium on monitoring users, data, transparency and collaborative processes as they relate to sensitive data assets.
kloudtrack® is one of the first technology and solution providers to address specific international, federal, state and industry-imposed regulatory compliance standards in SaaS|Cloud environments across multiple vertical industry sectors. This understanding and integration of GRC factors truly sets kloudtrack® technologies, solutions and intellectual property apart in the market.
kloudtrack® is a Chesapeake Innovation Center (CIC) portfolio-company and was also selected by Microsoft® Corporation for its Startup Accelerator Program – an initiative that highlights companies developing unique and innovative technologies on Microsoft platforms. Learn more at www.kloudtrack.com or contact the company directly at 240-499-3844 or firstname.lastname@example.org.
About Chesapeake Innovation Center
The Chesapeake Innovation Center, located in Anne Arundel County, Maryland, is a unique business accelerator that focuses the power of entrepreneurship on America’s most pressing security requirements. By creating a bridge between major users of security technology and small companies at the forefront of innovation, the CIC, its partners and member companies are able to offer significant advancements in the areas of informatics, physical and cyber security technologies. CIC recruits and mentors early stage technology companies and provides these member companies with services to help them address the needs of growing companies including customer contracts, funding, staffing, subject matter experts, clearances, government contracting issues, and office facilities. The CIC is a program of the Anne Arundel Economic Development Corporation. For more information, please visit cic-tech.org.
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