WASHINGTON, May 24, 2013 /PRNewswire/ -- SnagFilms Inc., the privately-owned media and technology company offering independent films to the world, has been awarded Red Herring's Top 100 North America award, honoring the year's most promising private technology companies in America. SnagFilms was selected by Red Herring's editorial staff based on both quantitative and qualitative criteria, such as financial performance, technology innovation, management quality, strategy and market penetration. Red Herring judges these companies as "positioned to grow at an explosive rate."
"For nearly two decades, making the Red Herring 100 has been the tech world's equivalent of winning an Oscar®," said SnagFilms CEO Rick Allen. "We are honored to have been recognized as a social media platform that uses technology to bring the world's best films to the broadest possible audience. The timing of this recognition could not be better, as we launch the next generation of our web platform next month. We are proud of our team, grateful to our investors, and energized by Red Herring's attention."
Red Herring's Top 100 North America list is a mark of distinction, identifying promising new companies and entrepreneurs. The editors' assessments of potential are 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.
Red Herring has recognized the most prominent start-ups and "scale ups" since 1996. Winners are selected from over one thousand candidates in each region. Each company is individually evaluated against 20 different criteria including technological innovation, management strength, market size, investor record, customer acquisition and financial health. The winners are literally a who's who list of the best performing tech companies of the year. Further information on the selection process can be found here: http://www.redherring.com/top-100/.
SnagFilms features free, sponsor-supported, on demand viewing of more than 4,000 award-winning, fiction and non-fiction titles from some of the greatest names in film. SnagFilms' curated collection is viewed on its own site and a digital network of more than 110,000 affiliated sites and webpages worldwide, including partners such as Comcast's Xfinity, Hulu, the Starbucks Digital Network, IMDb, hundreds of non-profits, special interest sites and blogs — and via its applications for tablets, including Apple's iPad (AirPlay-enabled), Amazon's Kindle Fire, Blackberry Playbook and other Android-based tablets; Android smartphones; OTT platforms Roku, Boxee and Western Digital; connected TVs and Blu-ray players from Sony, Panasonic, LG, Vizio and Samsung. SnagFilms' titles have been featured on more than 3.5 billion pageviews across its network.
SnagFilms also offers selected titles via pay video on demand with Comcast, iN Demand (including Time Warner Cable, Cox and Bright House Networks), Verizon's FiOS and DIRECTV, as well as on iTunes, Hulu Plus, Amazon, VUDU, Xbox Live, Google Play, YouTube Movies, Samsung Media Hub and will soon be launching on DISH Network. SnagFilms was named one of the fastest growing technology companies in Washington, DC area. Gizmodo has named SnagFilms as a "Best iPad App," OVGuide has twice named SnagFilms a Top Site, and MovieMaker Magazine named SnagFilms to its annual list of "50 Best Websites for Moviemakers." The SnagFilms family also includes Indiewire, for more than 15 years the web's top source of news, reviews and information about independent film – and winner of the 2012 Webby Award as the top film and movie site.
About Red Herring:
Red Herring magazine is a sophisticated insider's guide to the business of technology, featuring unparalleled insights on the emerging technologies driving the economy, from the Internet to wireless communications and digital entertainment. Red Herring's journalists report on how innovation and entrepreneurship are transforming business and how the business of technology is transforming the world, providing readers with a deep understanding of venture capital and capital markets. Recognized as an essential resource in today's fast-changing business world, Red Herring gets the right answers before anyone else even thinks to ask the questions. More information on Red Herring is available on the Internet at www.redherring.com.
CONTACT: Tina Qunell, RUBII Media, [email protected], 206-919-9652