Evolven CEO Sasha Gilenson Named Ernst & Young Entrepreneur of The Year 2011 New Jersey Award Finalist

JERSEY CITY, NJ, May 18, 2011 (Press-News.org) Evolven Software Inc., the pioneer of breakthrough configuration management solutions for the modern data center and enterprise cloud, today announced that CEO and Founder Sasha Gilenson is an Ernst & Young Entrepreneur Of The Year 2011 New Jersey Award finalist. According to Ernst & Young LLP, the awards program recognizes entrepreneurs who demonstrate excellence and extraordinary success in such areas as innovation, financial performance and personal commitment to their businesses and communities. Sasha Gilenson was selected as a finalist from nearly 50 nominations by a panel of independent judges. Award winners will be announced at a special gala event on June 23,2011 at the Teaneck Marriott at Glenpointe.

Gilenson pushed forward a provocative vision, showing a contrarian approach for handling changes in the modern data center and cloud that can result in tremendous savings and opportunities for enterprises.

"It is certainly an honor to be named as a finalist in such a prestigious awards program. Throughout our organization the entrepreneurial spirit drives our achievements. I truly believe this distinction is a result of the entire team at Evolven, who through their commitment to excellence and outstanding performance, has enabled us to achieve the results that gain this kind of attention," said Sasha Gilenson, CEO and Founder of Evolven. "This feeling has been essential for developing Evolven's breakthrough configuration analytics that allow enterprises to drive ongoing and constant change while maintaining firm control."

The new rise of disruptive technology platforms, like Cloud, literally changes everything for enterprise IT management, making existing tools outdated. Addressing the new requirements, Evolven's breakthrough configuration analytics solution drives change while maintaining control. Evolven provides the only configuration management solution that dynamically analyzes IT environment configuration data and delivers actionable information, allowing enterprises to reduce risk and enhance visibility of their critical IT operations.

Over a 13 year tenure at Mercury, Sasha observed how enterprises were frustrated with critical business systems going down or underperforming. He saw repeatedly how gaps in IT operations created problems that no technology filled, then approached this from a new perspective. Advising numerous Fortune 500 companies, Sasha identified how the industry was taking the wrong approach and pursued his contrarian ideas by founding Evolven. Facing adversity and overcoming obstacles, he raised the initial funding for Evolven, despite facing skepticism and doubt from many, and proposed a daring new approach for addressing the growing complexity challenging IT departments.

The Ernst & Young Entrepreneur Of The Year Program celebrates its 25th anniversary this year. The program has expanded to recognize business leaders in more than 140 cities and more than 50 countries throughout the world.

Regional award winners are eligible for consideration for the Entrepreneur Of The Year National Award. Award winners in several national categories, as well as the Entrepreneur Of The Year overall National Award winner, will be announced at the annual awards gala in Palm Springs, California, on November 12, 2011. The awards are the culminating event of the Ernst & Young Strategic Growth Forum , the nation's most prestigious gathering of high-growth, market-leading companies, which will be held November 9-13, 2011.

Sponsors
Founded and produced by Ernst & Young LLP, the Entrepreneur Of The Year Awards are pleased to have the Ewing Marion Kauffman Foundation as a national sponsor.

In New Jersey sponsors include Merrill Corporation, Empire Valuation Consultants, DLA Piper, Morgan Lewis & Bockius, WithumSmith +Brown, Gibbons, P.C., New Jersey Technology Council and NJ Biz.

About Ernst & Young Entrepreneur Of The Year
Ernst & Young Entrepreneur Of The Year is the world's most prestigious business award for entrepreneurs. The unique award makes a difference through the way it encourages entrepreneurial activity among those with potential, and recognizes the contribution of people who inspire others with their vision, leadership and achievement. As the first and only truly global award of its kind, Entrepreneur Of The Year celebrates those who are building and leading successful, growing and dynamic businesses, recognizing them through regional, national and global awards programs in more than 140 cities in more than 50 countries.

About Ernst & Young
Ernst & Young is a global leader in assurance, tax, transaction and advisory services. Worldwide, our 141,000 people are united by our shared values and an unwavering commitment to quality. We make a difference by helping our people, our clients and our wider communities achieve their potential.

Ernst & Young refers to the global organization of member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young LLP is a client-serving member firm of Ernst & Young Global Limited operating in the US. For more information about our organization, please visit http://www.ey.com.

Media Contact: Martin Perlin, Evolven,martin@evolven.com

Evolven delivers configuration management solutions for the modern data center and 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 and Index Ventures.

For further information, please contact us at info@evolven.com