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SILVER SPRING, MD and SANTA MONICA, CA -- (Marketwire) -- 05/25/12 -- At an award gala celebrating North America's most innovative and promising private companies held May 23 in Santa Monica, Calif., Sonatype received high honors by being named to the Red Herring Top 100 North America list.

Red Herring's Top 100 North America list has become a mark of distinction for identifying promising new companies and entrepreneurs. Red Herring editors were among the first to recognize that companies such as Facebook, Twitter, Google, Yahoo, Skype, Salesforce.com, YouTube and eBay would change the way we live and work.

"Choosing the companies with the strongest potential was by no means a small feat," said Alex Vieux, publisher and CEO of Red Herring. "After rigorous contemplation and discussion, we narrowed our list down from hundreds of candidates from across North America to the Top 100 Winners. We believe Sonatype embodies the vision, drive and innovation that define a successful entrepreneurial venture. Sonatype should be proud of its accomplishment, as the competition was very strong."

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. This assessment of potential is complemented by a review of the track record and standing of companies relative to their sector peers, allowing Red Herring to see past the "buzz" and make the list a valuable instrument of discovery and advocacy for the most promising new business models in North America.

"Being named to the Red Herring Top 100 reinforces the importance of Sonatype's mission -- to help companies accelerate the benefits of modern, component-based software development while avoiding security, quality and licensing risks," said Charles Gold, CMO at Sonatype.

About Sonatype
Sonatype is leading the component revolution. The company's innovative component lifecycle management products enable organizations to realize the promise of agile, component-based software development while avoiding security, quality and licensing risks. Sonatype operates the Central Repository, the industry's primary source for open-source components, housing more than 370,000 components and serving more than five billion requests per year from more than 60,000 organizations. The company has been a pioneer in component-based software development since its founding by Jason van Zyl, the creator of the Apache Maven build management system and the Central Repository. Since that time, Sonatype has been a leader in core open source software development ecosystem projects used by more than nine million developers including Nexus, m2eclipse, and Hudson. Sonatype is privately held with investments from Accel Partners, Bay Partners, Hummer Winblad Venture Partners and Morgenthaler Ventures. Visit: www.sonatype.com or follow Sonatype on Twitter @SonatypeCM.

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