SOURCE: ChaCha Search, Inc.

ChaCha Search, Inc.

May 29, 2012 06:00 ET

ChaCha Selected as a Red Herring Top 100 North America Tech Startup

Popular Q&A Service Awarded for Innovation and Excellence in the Technology Industry

SANTA MONICA, CA and INDIANAPOLIS, IN--(Marketwire - May 29, 2012) - ChaCha Search, Inc., the leading answer platform service, announced today that it has been selected as a Red Herring Top 100 North America Startup, a prestigious list honoring the most promising private technology ventures in North America.

Red Herring's Top 100 Americas list has become a mark of distinction for identifying promising new companies and entrepreneurs. Red Herring editors were among the first to recognize that companies such as Facebook, Twitter, Google, Yahoo, Skype,, YouTube, and eBay would change the way we live and work.

"Choosing the companies with the strongest potential was by no means a small feat," said Alex Vieux, publisher and CEO of Red Herring. "After rigorous contemplation and discussion, we narrowed our list down from hundreds of candidates from across North America to the Top 100 Winners. We believe ChaCha embodies the vision, drive and innovation that define a successful entrepreneurial venture. ChaCha should be proud of its accomplishment, as the competition was very strong."

"We are honored to be selected as a Red Herring 100 organization with so many other dynamic technology innovators," said Scott A. Jones, ChaCha CEO. "We think this designation reflects the growing excitement that we see for supplementing traditional search with highly accurate contextual and temporal 'answers' across a broad range of platforms."

Red Herring's editorial staff evaluated the companies on both quantitative and qualitative criteria, such as financial performance, technology innovation, management quality, strategy, and market penetration. This assessment of potential is 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 Americas.

ChaCha is the leading source for free real-time information and answers. Through its unique "ask-a-smart-friend" platform, ChaCha has answered over 2 billion questions since launch from more than 40 million unique users per month via online (, mobile text (242-242), iPhone app, Android app and voice (1-800-2-ChaCha™). ChaCha is one of the fastest-growing mobile and online publishers according to Nielsen, comScore and Quantcast and was recently named by Forbes as one of America's Most Promising Companies. Follow ChaCha on Twitter: @ChaCha and @ChaChaMan.

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