SAN FRANCISCO, CA -- (Marketwire) -- 12/04/12 -- Innotas announced today it has been selected as a 2012 Red Herring 100 Global Winner, a prestigious list honoring the year's most promising private technology ventures from across North America, Europe and Asia. The Red Herring 100 Global award winners were recognized at a special awards dinner on Nov. 29 at the Red Herring Global Forum in Los Angeles. Innotas is a leading provider of Cloud Solutions for IT Management and delivers a seamless way to manage resources, applications, and projects across all IT.

The Red Herring editorial team selected the winners of the 2012 Red Herring 100 Global award. Innotas is among the 100 most innovative and promising companies, selected from a pool of thousands from across North America, Europe and Asia. The winners are evaluated on both quantitative and qualitative criteria, such as financial performance, technology innovation, quality of management, IP creation, CAGR, execution of strategy, and disruption in their respective industries.

"We are thrilled to be recognized by Red Herring as top Global 100 company, further validating our leadership in delivering innovative IT management solutions for our customers. It is also a recognition of our major business successes his year, with significant growth and expansion," said Kevin Kern, CEO, Innotas.

In addition to the Red Herring finalist designation, Innotas was recently named "Best Project Management Solution" by the CODiE awards and selected as one of the "Best Places to Work" in San Francisco Bay Area by the San Francisco Business Times.

About Innotas
Innotas, a leading provider of Cloud Solutions for IT Management, delivers a seamless way to manage resources, applications, and projects across all IT. Innotas' solutions include Project Portfolio Management (PPM), Application Portfolio Management (APM), and Innotas Integration Platform. A leading technology company, Innotas is the recipient the Red Herring 100 North America award, CODiE award and named "Best Places to Work" by the San Francisco Business Times. It was also ranked as a 'Leader' in the Magic Quadrant for Cloud-based Project and Portfolio Management Services by Gartner. Headquartered in San Francisco, Innotas has hundreds of customers nationwide, including Bank of the West, Tiffany & Co., Crocs, Crayola, City of Memphis, RelayHealth, and World Vision.

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