Dyadem Named "Red Herring 100 North America" Winner

Toronto – May 15, 2009 – Dyadem today announced that it has been selected as a winner of the Red Herring 100 North America Award, which recognizes the most promising companies that will lead the next wave of disruption and innovation. 

"The Red Herring 100 have become an inspiration to entrepreneurs from around the globe.  Dyadem’s impressive growth and strong performance made it a clear winner and one of the most exciting companies in technology in North America.  Dyadem’s solutions fill an important need for companies looking to improve their quality processes and risk management initiatives," said Alex Vieux, CEO, Red Herring.

The Red Herring editorial team deploys a detailed process to whittle down a pool of 1,000 eligible, promising companies to 200 Finalists.  It then conducts a last round that decides the top 100 winners of this important North American award.  Evaluations are made on both quantitative and qualitative criteria, such as financial performance, innovation, management, global strategy, and ecosystem integration.  The winners, elite executives and venture capital leaders from North America celebrated the Top 100 Privately Held Companies in San Diego, May 11-14, 2009.

"Amid a recession, companies are closely controlling spending and keeping their focus on practices that improve their core business.  This includes tight monitors on quality and safety where Dyadem can bring immense savings," said Kevin North, President and CEO of Dyadem.  "Our solutions provide visibility into the manufacturing process, helping companies improve product quality and reduce risks in the manufacturing process."

Dyadem, the leader in Operational Risk Management and Quality Risk Management solutions, helps process and discrete manufacturers ensure safety and quality in their designs, their processes and their finished products.  Its Stature platform provides a centralized and standardized way for an enterprise to track quality performance and risk.  This allows greater operational transparency and inter-departmental communication so that problem resolution is expedited and repeat mistakes are minimized.  In 2008, Dyadem achieved 45% year-over-year revenue growth.

About Red Herring
Red Herring is a global media company, which unites the world’s best high technology innovators, venture investors and business decision makers in a variety of forums: a leading innovation magazine, an online daily technology news service, technology newsletters and major events for technology leaders around the globe.  Red Herring provides an insider’s access to the global innovation economy, featuring unparalleled insights on the emerging technologies driving the economy. More information about Red Herring is available online at www.redherring.com.

About Dyadem
Dyadem is the market leader in Operational Risk Management and Quality Risk Management solutions.  Dyadem provides software and services that empower companies to discover and manage the risks to people and products in the design and manufacturing processes.  Dyadem helps some of the world’s largest companies achieve regulatory compliance and business continuity, serving the Oil & Gas, Chemical, Mining, Pharmaceutical, Medical, Automotive, Electronics and Aerospace and Defense industries.  For more information, visit www.dyadem.com.