SOURCE: Strands Finance

Strands Finance

December 05, 2011 10:00 ET

Strands Finance Is a Finalist for the 2011 Red Herring 100 Global Awards

SAN FRANCISCO, CA--(Marketwire - Dec 5, 2011) - Strands Finance, a leading global provider of Personal Finance Management (PFM) solutions, has been selected as a Finalist for Red Herring's 2011 Top 100 Global award, a prestigious recognition honoring the year's most audacious and far reaching private technology companies and entrepreneurs from across the globe.

"Strands Finance is honored to be recognized and selected again by Red Herring among other exceptional companies," said Edward Chang, CEO of Strands. "We believe that the Global award is a great reflection of Strands Finance's international footprint and client base of leading financial institutions. We continue to appreciate the support from our bank clients and their millions of online banking customers for contributing to our success."

The Red Herring editorial team selected the companies demonstrating the most innovative technologies and business models originating from over 1,000 companies from over 40 nations. These companies, representing past Red Herring Asia, Europe and North America awards, are judged on a range of qualitative and quantitative metrics, including but not limited to, technology innovation, financial performance, growth criterion, management's execution standards, potential globalization of the strategy and market share improvement.

"2011 has confirmed the sector's vibrant activity and its resilience to widespread economic problems. An unprecedented number of entrepreneurs are attempting to jump ahead of the competition and aspire to make a difference. Breakthroughs obsolete each other faster than ever before. Strands Finance has performed exceptionally in its field and strongly deserves to be singled out as one of the Red Herring Global Finalists," stated Alex Vieux, Chairman of Red Herring.

The Top 100 winners will be announced at a special awards ceremony during the Red Herring Global forum in Los Angeles on December 7, 2011.

Strands Finance is a leading global provider of web and mobile Personal Finance Management (PFM) solutions to leading financial institutions such as Bank of Montreal (Canada), ING (Netherlands) and BBVA (Spain). Strands' award winning technology is delivered through a scalable and highly customizable application, Strands PFM. Strands PFM gives banks the ability to gain new customer insights, further engage customers, acquire new customers, and improve cross-selling. Strands Finance is headquartered in San Francisco and has offices in the U.S. and Spain.

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