SANTA CLARA, Calif., May 10, 2019 /PRNewswire/ -- ioTium, the first commercially deployed Software-Defined Converged Infrastructure company for the Industrial Internet of Things (IIoT), is excited to announce that it has been selected as a 2019 TiE50 Winner in the prestigious TiE50 Awards Program. This awards competition, now in its tenth year, is a program of TiEcon, the world's largest conference for tech entrepreneurs. ioTium was recognized as one of the world's top technology and technology-enabled startups for early to mid-stage startups.
"ioTium is honored to be named a TiE50 Award winner," said Ron Victor, CEO and founder, ioTium. "The recognition validates our momentum in the technology space as we move towards digital transformation with our vision for Software-Defined Converged Infrastructure solutions for IIoT. We're excited to what the future holds as we continue to grow."
"TiE50 has become a global brand and this year we screened entries from all over the world and from a very diverse set of industries including AI, autonomous vehicles, FinTech, sustainable textiles, medical devices, robotics, fuel cells, networking, healthcare, logistics and security. We screened and selected the TiE50 winners as recognition of the potential of the companies and innovation they are bringing to market. TiE50 program has gained notoriety over the past decade as a competition run with the highest level of integrity and vigorous screening and judging by domain experts," said Kamal Anand, TiE50 Program Chair.
"For over 27 years as a not-for-profit organization dedicated to fostering entrepreneurship and with a global footprint of half million entrepreneurs, enterprise executives, and investment professionals, at TiE Silicon Valley we take pride in the fact that we have created TiE50, a strong 10-year-old brand for recognizing high potential startups," said B.J. Arun, President, TiE Silicon Valley.
The TiE50 Awards will be presented to the winners during a ceremony at May 11th during TiEcon at Santa Clara Convention Center. For more information, please go to tieinflect.org
About ioTium
ioTium is the first commercially deployed Software-Defined Converged Infrastructure company for the IIoT. Headquartered in Silicon Valley and funded by GE Ventures, Honeywell Ventures, Juniper Ventures, JC2 Ventures, March Capital Partners and the Fabric, ioTium is the company of choice for Fortune 500 organizations looking to enable secure, scalable IIoT deployment today. ioTium bridges the legacy brown-field world with the new cloud-enabled world. The company's offerings have been deployed in leading building automation, energy, oil and gas, and manufacturing organizations. ioTium solutions include the groundbreaking ioTium OT-Net; ioTium OT-Access; and the ioTium OT-Edge converged infrastructure solution. The company's solutions ensure that any machine, using any protocol, can be instantly, seamlessly and securely connected to any application residing in any cloud or data center through any network infrastructure and operator; while eliminating deployment complexity issues and minimizing network security risks. For more information, visit: http://www.iotium.io.
About Tie50
Now celebrating its tenth year, TiE50 Awards provides a one-of-a-kind showcase for the world's top technology and technology-enabled startups. TiE Silicon Valley's premier annual awards program is keenly contested by thousands of early- to mid-stage startups of all sizes representing a wide range of verticals. Applications are rigorously reviewed by a panel of judges including venture capitalists, angels, successful entrepreneurs, and corporate executives. Since its inception, 84 percent of TiE50 winners and top startups have been funded at a total of over $1 billion. Many of these companies went on to acquisition or IPO with 29 of the exits at over $100 million.
About TiEcon
TiEcon is the world's largest conference for entrepreneurs and intrapreneurs with participation from top technology companies, leading venture capital firms, and global service providers. Delegates range from CEOs of top companies to first-time entrepreneurs as well as corporate executives and investment professionals. TiEcon was listed as one of the 10 best conferences for ideas and entrepreneurship by Worth Magazine, along with TED and the World Economic Forum. TiEcon 2018 attracted 5,000 attendees from 22 countries. More information: TiEcon.org
ioTium Contacts:
Kim Truong
(408) 219-1315
Kim.Truong@ioTium.io
Brittney Timmins
BOCA Communications
ioTium@bocacommunications.com
SOURCE ioTium
