Samanage is a Finalist for the 2014 Red Herring Top 100 North America Award
Award recognizes Cloud ITSM Software Provider Samanage among the 100 “Most Promising” Companies Driving the Future of Technology
Cary, N.C. — May 5, 2014 —
Samanage, provider of the only true multi-tenant, unified service desk and asset management cloud solution on the market, announced today it 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.
This latest recognition comes at an opportune time, as the company has experienced tremendous growth and momentum over the past year. Samanage announced that demand for its easy-to-use, cloud-based, multi-tenant service desk and asset management technology contributed to record revenue growth in 2013. The company continued to gain momentum with mid-market and emerging enterprise organizations, announcing in early April customer wins and competitive replacements over companies such as BMC Software and ServiceNow.
Red Herring has been selecting the most exciting and promising start-ups and “scale-ups” since 1995. Finalists are 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, financing, 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.
This unique assessment of potential is complemented by a review of the company’s actual track record and standing, which allows Red Herring to see past the “buzz” and make the list a valuable instrument for discovering and advocating the greatest business opportunities in the industry.
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.
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.
Please follow the Red Herring conference at https://twitter.com/digitalherring hashtag #RedHerring100
Samanage, the service success company, is the most reviewed and highest rated IT service desk solution. We are redefining employee service experiences by empowering organizations to maximize the potential from their most important asset – their people. Samanage’s cloud-based employee service management platform is smart, easy to use, and inspires companies ranging from startups to global market leaders to simplify complex tasks and automate services across their entire organization. With more than 2,000 customers around the world in a variety of vertical markets, our software can be tailored to meet specific service needs.