Company: Press Release

Convirture Named Winner of 2013 TiE50 “Top Startup” at TiEcon 2013



SAN MATEO, Calif., May 21, 2013 - Convirture has announced today that it has been named Winner of 2013 TiE50 “Top Startup” Award at TiEcon 2013, the world’s largest conference for entrepreneurs. Convirture was among 50 winners honored on Saturday, May 18 at the Santa Clara Convention Center.

“This award represents another milestone for our company as we roll out new products and capabilities to help our customers realize the full potential of a cloud-centric enterprise data canter,” said Arsalan Farooq, CEO of Convirture. “We are well-positioned for growth, as we add staff in our newly opened offices in San Mateo and we are pleased that our success has been acknowledged and honored by our peers at TiE Silicon Valley.”

Speaking to a global audience at the awards ceremony during TiEcon 2013, the conference chairman and president of TiE Silicon Valley, Venkatesh Shukla said, “The TiE50 program screened 1,142 companies from 24 countries and 50 best-of-breed companies were announced winners.”

“Over the past four years, the TiE50 program gained global acclaim attracting startups from all over the world. TiE50 as a brand has gained much recognition amongst the VC and Angel communities – particularly in the Silicon Valley. About 110 finalists and winners had successful exits” said program chair Ram K. Reddy.

About Convirture

Convirture products help organizations effectively manage open source and proprietary virtualization, as well as cloud platforms. Its ConVirt datacenter management solution provides virtualization and cloud orchestration and automation capabilities. Convirture is helping organizations realize the “software defined infrastructure,” which enables IT managers to create data centers with keystrokes and mouse clicks. More information is available at www.convirture.com.


About TiE50

TiE50 is TiE Silicon Valley’s premier annual awards program keenly contested by thousands of technology startups worldwide. Awards are announced at TiEcon, the world’s largest conference for entrepreneurs. TiE is a global, not-for-profit network of entrepreneurs and professionals dedicated to the advancement of entrepreneurship. TiE provides a platform for mentoring, networking and education for technology entrepreneurs worldwide. Our global network of 54 chapters located in most major North American, Asian and European countries and cities with more than 14,000 members across 13 countries.


About TiEcon

TiEcon is the world's largest conference for entrepreneurs and intrapreneurs with loyal participation from top technology companies, leading venture capital firms, and global service providers. TiEcon 2013 attracted 3,700+ attendees from across the world -- including CEOs of established companies to first-time entrepreneurs creating new companies, to leading investment professionals and corporate executives. TiEcon was listed by Worth Magazine in their September 2011 issue to be among the 10 Best Conferences for Ideas and Entrepreneurship along with TED and the World Economic Forum. For more information on TiEcon, visit http://www.tiecon.org/.


© Convirture 2013. All rights reserved. The Convirture logo is a trademark of Conviture Corp.