LOS ALTOS, Calif., May 6, 2014 /PRNewswire/ -- Daintree Networks, Inc., a leading provider of networked wireless control and energy management solutions for smart buildings, announced today it has 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. Finalists are asked to present their winning strategies at the Red Herring North America Forum in Monterey, Calif., May 14 to 16, 2014. Daintree Networks Vice President of Marketing and Channels Mandeep Khera will deliver his presentation during the forum on Friday, May 16. The Top 100 winners will be announced at a special awards ceremony the evening of May 16 at the event.
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.
"It's an honor to be identified as a finalist for Red Herring's Top 100 North America Award," Mandeep Khera, Vice President of Marketing and Channels. "Daintree's Enterprise Internet of Things™, or E-IoT™, approach enables us to simplify the way building owners and operators intelligently manage, monitor, and optimize their energy use. Participating as a finalist confirms that Daintree is a recognized leader in building energy management with a wide range of capabilities including lighting control, HVAC (thermostat) control, plug-load control, CO2 sensor monitoring, data analytics, and many others."
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Daintree Networks is a trusted provider of the industry's smartest building energy management solution. Daintree's ControlScope™ is an open standards-driven energy management and monitoring solution for lighting, temperature and other energy control. The solution delivers up to 70 percent energy savings, operational efficiencies and occupant-friendly work environments while providing actionable decision-support information through Big Data analytics. Using Daintree's Enterprise Internet of Things™, or E-IoT™, approach, the solution can also support monitoring of other environmental conditions such as air quality, humidity, food safety and more that comprise the networked ecosystem of an organization. Daintree Networks is a channel-friendly company with leading strategic and technology partners helping serve its customers globally, with major locations in Silicon Valley, Calif., and Melbourne, Australia. Further information is available at www.daintree.net.
ControlScope, Enterprise Internet of Things, and E-IoT are trademarks of Daintree Networks.
SOURCE Daintree Networks, Inc.