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Qwilt Selected as a Red Herring Top 100 North America Tech Startup
May 28, 2013 (09:05 PM EDT)
REDWOOD CITY, Calif., May 29, 2013 /PRNewswire/ -- Qwilt, a leading provider of transparent caching and video delivery solutions, today announced its selection as a Red Herring Top 100 North America Tech Startup. This award is made by Red Herring to recognize leading private companies from the Americas and to celebrate these startups' innovations and technologies across their respective industries.
Red Herring Top 100 America recognizes outstanding entrepreneurs and promising companies. It selects one hundred Award winners, among the 3000 tech startups financed each year in the US and Canada. Since 1996, Red Herring keeps tabs on the up and comers. Red Herring editors were among the first to recognize that companies such as Facebook, Twitter, Google, Yahoo, Skype, Salesforce.com, YouTube, Marin Software, Palo Alto Networks, and eBay would change the way we live and work.
"In 2013, selecting the Top 100 achievers was by no means a small feat," said Alex Vieux, publisher and CEO of Red Herring. "In fact, we had the toughest time in years because so many entrepreneurs have crossed significant milestones so early. But after much thought, rigorous contemplation and discussion, we narrowed our list down from hundreds of candidates from across North America to the Top 100 Winners. We believe Qwilt embodies the vision, drive and innovation that define a successful entrepreneurial venture. Qwilt should be proud of its accomplishment, as the competition was very strong."
Red Herring's editorial staff evaluated the companies on both quantitative and qualitative criteria, such as financial performance, technology innovation and intellectual property, management quality, business model, customer footprint, and market penetration. This assessment of potential is complemented by a review of the track record and standing of startups relative to their sector peers, allowing Red Herring to see past the "buzz" and make the list a valuable instrument of discovery and advocacy for the most promising new business models in North America.
"We are thrilled to be recognized by Red Herring with this Top 100 award," added Alon Maor, CEO and co-founder of Qwilt. "The selection process is rigorous and discriminating. We are proud to stand among this group of distinguished and deserving companies. For Qwilt, this is yet another confirmation that we are pursuing a great market opportunity with a truly exceptional team."
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