SAN JOSE, Calif. and MOUNTAIN VIEW, Calif., May 6, 2011 /PRNewswire/ -- Sococo, a leading technology startup in Internet technology, today announced that it has been chosen as a winner of the highly coveted TiE50 Award. Sococo, the social communications company, will be honored at TiEcon 2011 on May 13th & 14th, 2011, at the Santa Clara Convention Center in Santa Clara, CA. TiEcon is the world's largest conference for entrepreneurs featuring two action-packed days of rich dialogue, networking, and deal making with thousands of entrepreneurs, venture capitalists, industry executives, and thought leaders.
This year, the TiE50 program screened 1619 high quality companies worldwide, through a multi-tier screening and judging process. "Sococo was clearly ranked amongst the best of the breed by a team of 60 highly accomplished and experienced judges. These experts included globally recognized venture capitalists, CEO's, academia, and serial entrepreneurs," said Mr. Vish Mishra, Chairman of TiEcon 2011 and President of TiE Silicon Valley. "Being recognized as a TiE50 winner is a true testament to their entrepreneurial spirit and world class caliber," Mr. Mishra added.
"TiE50 companies this year again represented an extraordinary set of ideas, innovation, and business opportunities. Since its inception two years ago, 94% of TiE50 companies have been funded, attracting over $20 Billion in investments! 42 companies have already exited," said Ram K. Reddy, Chair TiE50 2011. "We plan to feature our finalists and winners through various channels and outreach programs during the year," added Mr. Reddy.
"TiEcon's platform and TiE's global entrepreneurial network enabled us to draw the most entrepreneurial startups with breakthrough technologies, savvy market strategies, and incredible teams with palpable passion. We built upon the phenomenal success of the program in the past two years," said Mateen Syed, Co Chair TiE50 2010.
About Sococo
Sococo is the social communications service company. Sococo Team Space is the company's flagship product designed to meet the social communications needs of distributed teams. Team Space is used today in 64 countries by more than 3200 teams worldwide. Founded in 2007, Sococo is privately held and headquartered in Mountain View, CA. Sococo has been named a 2010 Start Up to Watch by CIO Magazine and One of the 10 Hot Emerging Vendors for October 2010 by CRN and received the Emerging Technology Award for 2010 from the Silicon Valley/San Jose Business Journal.
SOURCE Sococo
Share this article