SAN MATEO, Calif., May 6, 2014 /PRNewswire/ -- Viralheat, the social media management and monitoring suite, announced today that the company 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. Highly scalable, Viralheat is specifically designed to offer social ROI through actionable social data analysis and lead identification.
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, including 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.
Viralheat, whose patent-approved technology is leading the way in predictive social analytics to drive sales leads, made the list of finalists after the Red Herring team assessed the company's potential and reviewed its track record and standing. This process allows Red Herring to see past the "buzz" and makes the list a valuable instrument for discovering and advocating the greatest business opportunities in the industry.
"We're thrilled to be a Red Herring list finalist – it's a powerful affirmation of the unique solution we deliver," said Viralheat CEO Jeff Revoy. "Red Herring recognized Viralheat's ability to deliver social ROI and predictive social analytics, and it's an honor to be included in the finalist list of the most promising private technology ventures while helping our clients improve performance."
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. To find out more about Viralheat, please visit www.viralheat.com.
Viralheat is the comprehensive social media marketing platform that offers monitoring, publishing, analytics, and reporting in a single intuitive interface. With patent-approved technology, Viralheat is leading the way in predictive social analytics to drive sales leads. Global brands seamlessly integrate Viralheat into their sales, marketing and customer support workflow. Situated in Silicon Valley, CA, Viralheat is backed by the Mayfield Fund.
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