US/Israel Venture Summit Names Evolven as Top 40 Innovator

JERSEY CITY, NJ, March 30, 2011 (Press-News.org) US/Israel Venture Summit has selected Evolven Software to present on how they will be redefining Configuration Management for the Enterprise Cloud.

Evolven is part of a select group of 40 of Israel's top innovators chosen to present breakthrough investment opportunities to an exclusive audience of venture capitalists, angel investors, Corporate VCs and investment bankers. 

The US/Israel Venture Summit is presented by youngStartup Ventures (www.youngstartup.com/usisrael2011/overview.php), and is the premier gathering where cutting-edge Israeli startups meet top members of the investment community from throughout North America. Hundreds of leading venture capitalists, corporate VCs, angel investors, investment bankers, tech transfer executives, incubator managers and CEOs of emerging companies attend.

More than 35 influential Venture Capital companies will speak at the conference, among them: Millennium Technology Ventures, Comcast Interactive Capital, and Blumberg Capital. The 40 companies chosen to participate are considered the best startups and emergent businesses in the fields of technology, life sciences, and cleantech.

"As a gathering of technology investment professionals from leading Venture Capital organizations, this is a prime audience to share Evolven with," says Sasha Gilenson, Evolven's CEO. "The cloud changes everything. The level of complexity and dynamics grows exponentially as companies are moving from physical data center to virtual and to cloud. This increase in complexity and dynamics has huge and growing impact on performance and availability - costing companies millions of dollars per year with major impact to brand and the overall business."

Gilenson adds, "Current configuration management approaches have hit their limits. They entail extensive initial setup, are too rigid to keep up with the pace of change and amount of data, and provide outdated and inaccurate data. It's clear that for companies to be able to deal with the new realities of the virtual data center and cloud, a new approach is needed."

Evolven's innovative solution takes on today's dynamics and complexity in a way that was never available before. Evolven applies breakthrough analytics to deliver actionable information from constantly changing, overwhelming configuration data. Evolven dynamically crawls and dives deep to collect even the most minute configuration parameter. Evolven then applies a series of highly sophisticated analytics to handle this overwhelming amount of data - producing actionable information. (More details about the Evolven investment on the company website http://www.evolven.com/investors.html)

The US/Israel Venture Summit 2011 will take place March 29-30 at The Digital Sandbox Network (55 Broad Street - 4th Floor, New York, New York 10004). For complete details and to register, visit the US/Israel Venture Summit website (http://www.youngstartup.com/usisrael2011/overview.php).

About Evolven
Evolven delivers configuration management solutions for enterprise cloud. Evolven helps enterprises drive change while maintaining control in the cloud. Evolven's innovative solution takes on today's dynamics and complexity in a way that was never available before. Evolven applies breakthrough analytics to deliver actionable information from constantly changing, overwhelming configuration data.

Evolven is a privately held, venture backed company headquartered in the U.S., with presence in the US, Europe and the Middle East and a development center in Israel. Evolven's executive team and advisory board include world-renowned experts from the world of IT management and enterprise software. Evolven's investors are leading venture capital firms Pitango Venture Capital (www.pitango.com) and Index Ventures (www.indexventures.com).

Learn more about Evolven at http://www.evolven.com