AUSTIN, Texas--(BUSINESS WIRE)--Gravitant® 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.
Gravitant is at the forefront of the massive transformation driven by cloud computing. Gravitant provides cloud brokerage and management software that empowers organizations to truly deliver IT-as-a-Service. Gravitant’s cloudMatrix makes it easy to compare, procure, consume and manage a broad ecosystem of cloud services and enables users to move from a slow service-ticket model to an agile design-to-order model.
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.
“We are honored to be included amongst these innovative finalists for the Red Herring 100,” said Mohammed Farooq, Chairman and CEO of Gravitant. “Gravitant has a proven software solution that provides the optimal way to consume cloud services and we are excited by the traction we are seeing in the market. This recognition by Red Herring is another testament to that.”
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.
Please follow the Red Herring conference at https://twitter.com/digitalherring hashtag #RedHerring100
Gravitant (www.gravitant.com) is a software company, headquartered in Austin, Texas that enables enterprises and solution providers to become IT service brokers. Gravitant’s software is used by multi-billion dollar organizations across the globe to get the most out of cloud computing and effectively deliver IT-as-a-Service.