Red Herring Selects Thor for Prestigious Top 100 Innovators Award

Thor Technologies, Inc., the secure enterprise provisioning expert, today announced that the editors of Red Herring, the renowned media company and Silicon Valley institution whose
mission is to cover innovation, technology, financing and entrepreneurial activity, has selected Thor Technologies as one of its Red Herring Top 100 Innovators award winners. Red Herring's editorial staff evaluated over 1200 submissions from 900 companies. The editors used a careful analysis of financial data as well as other criteria, including quality of management, execution of strategy, and dedication to research and development.

"Selection for the Innovation 100 puts Thor in a very elite group. Red Herring editors worked hard to identify the companies who will both drive and benefit from the important technology trends in the coming year," said Joel Dreyfuss, Editor-in-Chief of Red Herring. "Thor's traction sets it apart as one of the best and brightest technology companies that, like other
Innovation 100 companies, are transforming current markets and creating new ones."

Identity Management has become a strategic imperative in today's business environment, as organizations face greater security risks stemming from increasing access to their IT systems by outside users via web-based infrastructures. According to the leading analyst firm Datamonitor, the total market for identity management (IDm) products and services is set to grow from 2003 revenues of $4.3bn to reach $6.2bn by 2007 at a CAGR of 9.9%.

"The Red Herring's rigorous selection process reflects our ability to innovate by listening carefully to customer requirements and pain points and design solutions to address these requirements," said J. Alberto Yepez, CEO, Thor. "Thor has done this by evolving its core technology to deliver compliance automation, introducing Xellerate Audit and Compliance Manager in response to pressing needs to satisfy regulatory compliance. By enabling our
customers to innovate within their organizations, Thor has established itself as a trusted technology partner with an unparalleled record of customer success."

Contact the Red Herring at info@redherring.com or 650-428-2900

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