GuardTime, today announced it was honored with a Red Herring Global 100 innovation award selected from a field of 1,200 contestants.

Singapore/ Santa Monica, CA, February 01, 2011 — GuardTime ( http://www.guardtime.com ), creator of the patented Keyless Signatures™ technology used to validate the world’s data for applications such as secure cloud archiving, today announced it was honored with a Red Herring Global 100 innovation award selected from a field of 1,200 contestants.

Recognizing leading private companies from North America, Europe and Asia that demonstrate technology innovation, Red Herring’s Global 100 editors have a history of identifying promising upstarts, being among the first to honor Google, Skype, Salesforce.com, YouTube and eBay for “changing the way we live and work.”

GuardTime’s Keyless Signatures technology provides proof of signing authority, signing time, and integrity for data stored on disk, residing in the cloud, or in transit across networks. The signature never expires and its verification is based solely on mathematics, eliminating the need for secrets or keys.

“Choosing the best out of the previous three years was by no means a small feat,” said Alex Vieux, Chairman of Red Herring. “After rigorous contemplation and discussion, we narrowed down our list from 1,200 potential companies to 200 finalists. Trying to get it down to 100 companies was a task upon itself. GuardTime should be extremely proud of its achievement, the competition was difficult.”

“We’re thrilled to receive a Red Herring Global 100 Award,” said Mike Gault, CEO of GuardTime. “Our customers depend on our Keyless Signatures to prove their safeguardsare working for their most valuable assets when stored or archived, namely their code, logs, and data, whether those assets reside in public or private cloud infrastructures.”

Red Herring’s editorial staff evaluated the companies on both quantitative and qualitative criteria, such as financial performance, technology innovation, management quality, strategy, and market penetration.

About GuardTime:
A Red Herring top 100 Asia Winner, and today Red Herring Global 100Winner, GuardTime was founded in 2006 by cryptography experts Dr. MärtSaarepera and Dr. AhtoBuldas along with Internet visionary Joi Ito.GuardTime provides an infinitely-scalable and completely-available Keyless Signatures™ engine designed to deliver authenticity and integrity for the data that the world relies upon: as it sits on disk, moves throughout the network, and is used in the cloud. For more information about using Keyless Signatures in the cloud,visit http://www.guardtime.com.

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http://www.guardtime.com