Award Recognizes Most Promising Growth Stage Enterprises
May 4, 2009 – LogRhythm, the company that makes log data useful, today announced that it has been named a Colorado Company to Watch for 2009 by the Colorado Office of Economic Development and International Trade and a consortium of private and public organizations dedicated to supporting second-stage businesses in Colorado. The inaugural 50 Colorado Companies to Watch Awards recognize firms that demonstrate significant employee or sales growth, exceptional entrepreneurial leadership, and sustainable competitive advantage. Winners will be honored at a special award ceremony in Denver on Thursday, June 25, 2009.
More than 250 companies were nominated for the Colorado Companies to Watch, a unique awards program that recognizes and celebrates the contribution, innovation and energy of diverse second-stage companies in the nation. These companies work behind-the-scenes generating the bulk of new, sustainable jobs and are a powerful economic force underpinning the high quality of life most Americans enjoy.
“At LogRhythm, we pride ourselves on being innovators, and delivering unrivaled satisfaction for our customers,” said Andy Grolnick, president and CEO of LogRhythm. “This award validates that our commitment to these values is setting us apart across all industries as a fast growing, well managed company with a sustainable business advantage.”
Phillip Villella, co-founder and chief scientist of LogRhythm added, “Being named a Company to Watch in Colorado, a state with so many prominent information technology firms, is a special honor for us. We have developed a sophisticated product that solves security and compliance problems that customers can’t ignore – even in these difficult economic times.”
LogRhythm has received funding from three leading Colorado-based investors – Access Venture Partners, Colorado Fund, and Croghan Investments, as well as Grotech Ventures, which has a significant presence in the state.
About Colorado Companies to Watch
Colorado Companies to Watch is presented by the Colorado Office of Economic Development and International Trade in association with Adams County Economic Development, Arvada Economic Development, Case Dynamics, Colorado BioScience Association, ColoradoBiz Magazine, Colorado Lending Source, Colorado Rural Development Council, Economic Development Council of Colorado, Edward Lowe Foundation, Jefferson Business Resource Center, Jefferson Economic Council, Littleton Business and Industry Office, TiE Rockies, Region 9 Economic Development of Southwest Colorado and the Westminster Economic Development Office. For more information, visit www.Colorado.CompaniesToWatch.org.