PALO ALTO, Calif. -- (BUSINESS WIRE) -- Pica8 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.
“Pica8 is bringing SDN technology to the broader market with the industry’s largest selection of white box switches and an advanced, open operating system,” said James Liao, president of Pica8. “We are pleased that Red Herring has recognized our value in naming us a Top 100 finalist.”
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.
Please follow the Red Herring conference at https://twitter.com/digitalherring hashtag #RedHerring100.
About Pica8, Inc.
Since 2009, Pica8 has been transforming the data center by providing the world’s first open switching system, which can be personalized to fit any application environment. A pioneer in the software-defined networking (SDN) revolution, Pica8’s PicOS™, its externally programmable switching operating system runs on commodity, bare-metal switches made by ODM partners to provide the ultimate in cost savings. In a single package, costs are slashed, and customization for the data center becomes a promise fulfilled. Pica8 is a global company headquartered in Palo Alto, California. For more information, visit www.pica8.com.