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WOBURN, MA -- (Marketwire) -- 04/16/12 -- CloudBees, Inc., the Java Platform as a Service (PaaS) innovation leader, today announced it has been selected as a Finalist for Red Herring's Top 100 Europe award, a prestigious list honoring the year's most promising private technology ventures from the European business region.

The Red Herring editorial team selected the most innovative companies from a pool of hundreds throughout Europe. The nominees are evaluated on both quantitative and qualitative criteria, such as financial performance, technology innovation, quality of management, execution of strategy and integration into their respective industries.

This unique assessment of potential is complemented by a review of the actual track record and standing of a company, which allows Red Herring to see past the "buzz" and make the list a valuable instrument for discovering and advocating the greatest business opportunities in the industry.

"This year was very rewarding," said Alex Vieux, publisher and CEO of Red Herring. "The global economic situation has abated and there are many great companies producing really innovative and amazing products. We had a very difficult time narrowing the pool and selecting the finalists. CloudBees shows great promise therefore deserves to be among the Finalists. Now we're faced with the difficult task of selecting the Top 100 winners of Red Herring Europe. We know that the 2012 crop will grow into some amazing companies that are sure to make an impact."

"Being chosen as a finalist for this year's Red Herring award is a testament to our team of innovators at CloudBees. The market is realizing the value of the CloudBees PaaS as a business accelerator and enabling developers to be more productive," said Sacha Labourey, CEO and founder, CloudBees. "CloudBees provides the ability to develop and deploy Java applications -- and even an entire business -- without the in-house IT infrastructure investment and ongoing maintenance hassles that were previously required. Our depth of expertise with Java, and unique develop-and-deploy in the cloud approach empowers Java development teams to take control of the complete application lifecycle. In just two years we have revolutionized the way Java applications are built and deployed."

Finalists for the 2012 edition of the Red Herring 100 Europe award are selected based upon their technological innovation, management strength, market size, investor record, customer acquisition and financial health. During the several months leading up to the announcement, hundreds of companies in the telecommunications, security, Web 2.0, software, hardware, biotech, mobile and other industries completed their submissions to qualify for the award.

The Finalists are invited to present their winning strategies at the Red Herring Europe Forum in Amsterdam, April 23-25, 2012. The Top 100 winners will be announced at a special awards ceremony the evening of April 25 at the event.

About CloudBees
CloudBees (www.cloudbees.com) turbo-charges the way Java applications are built and deployed to meet the rapid pace of business in an on-line and increasingly mobile world. By eliminating the friction caused by provisioning, maintaining and administering complex hardware and software infrastructure, we streamline and accelerate the entire Java application lifecycle from development to deployment. The CloudBees platform provides a set of rich services that are easily consumed by developers allowing them to rapidly build and deploy new business applications with zero IT administrative overhead. Our AnyCloud Service Architecture enables those applications to be easily deployed to any public, regional or enterprise cloud environment. CloudBees serves the needs of a wide range of businesses from small startups that want to focus on quickly creating new on-line businesses to large IT organizations that need to rapidly respond to new business application projects.

Backed by Matrix Partners and Lightspeed Venture Partners, CloudBees was founded in 2010 by former JBoss CTO Sacha Labourey and an elite team of middleware and open source technology professionals.