SAN JOSE, CA--(Marketwired - May 6, 2014) - Propelics, a leader in enterprise mobile strategy and delivering world class mobile apps, announced today it had 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.
Propelics is seeing large demand from organizations looking to create mobile strategies and world class apps for their enterprises. This year, Propelics helped many leading companies realize tremendous benefits in terms of cost savings and increased revenues. The portfolio of customers includes organizations such as Wells Fargo, Family Dollar, Merck, Bright Horizons, Payless ShoeSource, DLL and Amway. Propelics is helping these organizations and others use mobile to change customer interactions, identify new business models, and create a competitive advantage.
Red Herring selects 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. They include, among others: 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.
2014 will be remembered as a special vintage. "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.
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. During the several months leading up to the announcement, hundreds of companies in the fields of security, Web 2.0, software, hardware, life sciences, cloud, mobile and others completed their submissions to qualify for the award.
Shahab Choudhry, Co-Founder and Partner of Propelics, will present Propelics' 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.
Propelics is a leading provider of Enterprise Mobile Strategy Services, Mobile Advisory Services, and Mobile Application Services to some of the world's largest brands. Headquartered in San Jose, the company has over 60 years of combined leadership experience working with customers to enable their mobile strategy. For more information, visit www.propelics.com or connect with us on Facebook, Twitter, Google+, LinkedIn and Vimeo.