San Mateo, CA - May 5th, 2014 – TreeRing Corporation announced today it had been selected as a finalist for Red Herring's Top 100 North
America award, a prestigious list honoring the year’s most promising private
technology ventures from the North American business region.
Red Herring has been selecting the most
exciting and promising start-ups and "scale ups" since 1995.
Finalists are still evaluated individually from a large pool of hundreds of
candidates based across North America. Twenty major criteria underlie the
scoring and process. They include, among others: the candidate company's
addressable market size, its IP and patents, its financing, the proof of
concept, trailing revenues and management's expertise. Each company goes
through an individual interview after filling out a thorough submission,
complemented by a due diligence. The list of finalists often includes the best
performing and prominent companies of that year.
This unique
assessment of potential is complemented by a review of the company’s actual
track record and standing, 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.
2014 will be remembered as a special vintage.
"The finalists list confirms the excellent choices made by entrepreneurs
and VCs and the start-ups' solid roots in corporate America, embracing their
innovations. By all metrics, it emphasizes the United States’ entrepreneurial
excellence," said Alex Vieux, publisher and CEO of Red Herring.
Finalist
selections for the 2014 edition of the Red Herring 100 North America award are
based upon 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 fields of security,
Web 2.0, software, hardware, life sciences, cloud, mobile and others completed
their submissions to qualify for the award.
Finalists
are asked to present their winning strategies at the Red Herring North America
Forum in Monterey, Calif., May 14 to 16, 2014. The Top 100 winners will be
announced at a special awards ceremony the evening of May 16 at the event.
