Missoula high-tech company TerraEchos continues to bring home the goods, announcing it won the 2012 IBM Beacon Award for Outstanding Information Management Innovation.
Company president Bill Hartman accepted the award Wednesday at the IBM PartnerWorld Leadership Conference in New Orleans before an elite group of IBM business partners. The award is one of the most prestigious given by IBM, and winners are selected by leading industry influencers and IBM executives from hundreds of nominations.
TerraEchos was founded in Missoula by Alex Philp. The company’s technology has revolutionized the art of big data in motion analytics and has made it a world leader in advanced security solutions.
Philp called the Beacon award a watershed event for his small business.
“What it is, is notoriety, recognition and esteem,” Philp said. “It definitely separates us from the masses. It lets our customers know IBM takes us very seriously.”
The award recognizes the Kairos system, a marriage between TerraEchos’ groundbreaking technology and IBM InfoSphere Streams technology. Kairos can analyze, then react, to huge amounts of data in real time, allowing customers to respond to incidents such as security breaches in less than a second.
“Recipients of the 2012 IBM Beacon Award set the standard for business excellence, innovative solutions, ingenuity and client transformation,” said Mark Hennessy, general manager, IBM Global Business Partners and Midmarket, in the TerraEchos news release.
TerraEchos secured a licensing agreement with IBM in 2010 and has since been awarded premier partner status with the technology giant. The Beacon Award is given to a “select number of IBM Business Partners to recognize information technology excellence, commitment to skills attainment, industry knowledge and innovative solutions on IBM technology and services,” a TerraEchos press release said. IBM’s partners include about 120,000 high-tech businesses around the world.
Last May, Philp was named an “IBM champion,” which recognizes him as someone who brings innovation and expertise to his industry.
TerraEchos was also a finalist this year for IBM’s government solutions award category, but lost to the largest geographic information system company in the world, Philp said.
TerraEchos announced earlier in February it had secured $1.55 million in venture capital funding from Flywheel Ventures. That came on the heels of the Missoula City Council approving a $178,000 Montana Big Sky Trust Fund grant for the company.
With the international recognition that comes with the Beacon honor, Philp is anxious to bring the award home and show Missoula what can be achieved by local businesses.
“It’s a celebration for Missoula as well,” he said.