SOURCE: Abacast Inc.

Abacast Inc.

May 09, 2014 06:00 ET

Abacast Is a Finalist for the 2014 Red Herring Top 100 North America Award

Innovative Digital Media Streaming and Monetization Company Lands on Red Herring Finalist List

SEATTLE, WA--(Marketwired - May 9, 2014) - Abacast, a leading provider of digital streaming and monetization software and services, 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. Abacast has focused its business around delivering industry-leading technology combined with unparalleled customer support to its growing customer base.

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.

Abacast, whose patented technology is leading the way in digital radio growth and monetization, made the list of finalists after the Red Herring team assessed the company's trajectory and reviewed its track record and breadth of product innovation.

"Red Herring highlights outstanding industry innovators, and we're thrilled to be a finalist this year," said Abacast CEO Jeff Rob Green. "Abacast is more committed to innovation and transforming the digital radio space than ever before and we feel honored to be included in the finalist list."

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. "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.

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 Abacast and end-to-end streaming monetization visit abacast.com

About Abacast (www.abacast.com)

Abacast is a leading provider of streaming, advertising, and audience analytics services for the digital radio industry. Abacast's software and services drive advertising revenue, build listener loyalty, grow audiences, and deliver top-quality user experiences. Abacast was founded in 2000 and currently serves over 200 customers and over 1,400 digital radio stations.

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