Digital Trowel Selected as a Red Herring Top 100 North America Tech Startup

SADDLE BROOK, N.J.--(BUSINESS WIRE)--Red Herring announced its Top 100 award in recognition of the leading private companies from North America, celebrating these startups’ innovations and technologies across their respective industries.

“We recognize the elite group this puts Digital Trowel in company with, and we are both honored and humbled to have been selected.”

Red Herring’s Top 100 North America list has become a mark of distinction for identifying promising new companies and entrepreneurs. Red Herring editors were among the first to recognize that companies such as Facebook, Twitter, Google, Yahoo, Skype, Salesforce.com, YouTube, and eBay would change the way we live and work.

“Choosing the companies with the strongest potential was by no means a small feat,” said Alex Vieux, publisher and CEO of Red Herring. “After rigorous contemplation and discussion, we narrowed our list down from hundreds of candidates from across North America to the Top 100 Winners. We believe Digital Trowel embodies the vision, drive and innovation that define a successful entrepreneurial venture. Digital Trowel should be proud of its accomplishment, as the competition was very strong.”

“Being selected as a Red Herring 100 for 2011 represents a significant accomplishment and milestone for Digital Trowel and our Israel-based R&D and text mining team,” said Doron Cohen, Digital Trowel’s CEO. “We recognize the elite group this puts Digital Trowel in company with, and we are both honored and humbled to have been selected.”

Red Herring’s editorial staff evaluated the companies on both quantitative and qualitative criteria, such as financial performance, technology innovation, management quality, strategy, 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.

About Digital Trowel

Digital Trowel is a next generation semantic web company that is disrupting the traditional models of text mining and data compilation. With our near-human accuracy for data analytics, we are transforming semantic analysis and are able to provide structure to the unstructured web. Focused on data extraction, discovery and analytics, we utilize our proprietary natural language processing technology to structure vast quantities of unstructured data available on the web and convert this data into powerful insight.

Digital Trowel’s Israel-based R&D team is led by Professor Ronen Feldman, one of the world's most recognized experts in the field of text mining, link analysis and the semantic analysis of data, and a team consisting of some of the world’s leading text analytics experts, Digital Trowel provides cutting edge text mining technology that is able to present vast quantities of data so as to mitigate the challenge of overwhelming information and underwhelming insight.

More information on Digital Trowel is available on our website www.digitaltrowel.com.