LOUISVILLE, Colo., May 23, 2011 /PRNewswire/ -- Envysion®, Inc., (www.envysion.com) the leading Managed Video as a Service (MVaaS) provider, 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.
The Red Herring editorial team selected the most innovative companies from a pool of hundreds from across North America. The nominees are evaluated on both quantitative and qualitative criteria, such as financial performance, technology innovation, quality of management, execution of strategy and integration into their respective industries.
"This year was very rewarding," said Alex Vieux, publisher and CEO of Red Herring. "The global economic situation has abated and there are many great companies producing really innovative and amazing products. We had a very difficult time narrowing the pool and selecting the finalists. Envysion shows great promise therefore deserves to be among the Finalists. Now we're faced with the difficult task of selecting the Top 100 winners of Red Herring North America. We know that the 2011 crop will grow into some amazing companies that are sure to make an impact."
Finalists for the 2011 edition of the Red Herring 100 North America award are selected based upon their 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 telecommunications, security, Web 2.0, software, hardware, biotech, mobile and other industries completed their submissions to qualify for the award.
"We are excited and honored to be selected," says Matt Steinfort, president and CEO of Envysion. "Red Herring has a strong track record of selecting technology companies that go on to deliver exceptional growth and success. Envysion looks forward to replicating these accomplishments."
Envysion puts the power of video into the hands of a multi-unit operator's entire organization, enabling users to easily leverage remote video to gain actionable business insights that will improve operations and deliver demonstrated 10-15% profitability improvements. The company created the Managed Video as a Service (MVaaS) model, which brings the Software as a Service (SaaS) approach to video. Envysion's highly scalable and easy to manage MVaaS platform reaches across departments to 1000s of users without straining the IT department or network. Through Envysion's Insight Marketplace, the innovative business solutions marketplace that leverages managed video, customers can select from a variety of approved partners who deliver specialized services. Today, Envysion's solutions are driving bottom line profitability improvements with leading restaurant, retail, hospitality and convenience store operators throughout North America. For more information, visit www.envysion.com or call 877.258.9441.
SOURCE Envysion, Inc.