SEATTLE, May 21, 2014 /PRNewswire/ -- Social commerce network leader Solavei, which developed the leading social commerce platform that enable consumers to be rewarded for recommending primary goods and services such as mobile service with their friends and family, won a coveted spot on the Red Herring 100 North America, a prestigious list honoring the year's most promising and innovative private technology companies.
Since 1996, Red Herring 100 awards have helped investors and strategists identify fast growing and innovative technology companies in the Americas, Asia and Europe. Nominees are subjected to a rigorous review process that examines more than 20 factors such as growth rate, track record of the management team and unique technological innovation. Past winners have included eBay, Skype, LinkedIn, Salesforce.com and Google.
"It's an honor for Solavei to be recognized alongside the most innovative and forward-thinking companies in the world," said Solavei CEO Ryan Wuerch. "Together with our growing base of hundreds of thousands of members, Solavei is poised to change the way people buy everyday services by making the recommendation and reward process a natural part of existing relationships between friends and family. Winning a spot on the Red Herring 100 affirms our vision and energizes our members, employees and investors to continue their important work bringing the benefits and savings of social commerce to more markets."
The world's first social commerce network, Solavei represents a whole new way of doing business. While other companies spend billions on retail locations and traditional advertising, Solavei rewards its members for sharing Solavei with the people who know and trust them. Solavei does this by providing a social commerce network that enhances its members' social connections and rewards them for sharing the products and services they use every day. Former Fortune 100 telecom and retail executives and advisors lead Solavei. For more information, visit Solavei.com. For the brand's latest news and updates, find Solavei on social media at Facebook.com/Solavei and Twitter.com/Solavei.