NetSocket is a Finalist for the 2010 Red Herring 100 North America Award.
PLANO, Texas – June 14, 2010 – NetSocket, the first real-time IP service assurance provider, announced today it has been selected as a Finalist for Red Herring's North America 100 award, a prestigious list honoring the year’s most promising private technology ventures from the North American business region.
The Red Herring editorial team selected the most innovative companies from a pool of hundreds from across North America. The nominees are evaluated on both quantitative and qualitative criteria, such as financial performance, technology innovation, quality of management, execution of strategy and integration into their respective industries.
This unique assessment of potential is complemented by a review of the actual track record and standing of a company, which allows Red Herring to see past the “buzz” and make the list an invaluable instrument for discovering and advocating the greatest business opportunities in the industry.
“This year was especially difficult,” said Alex Vieux, publisher and CEO of Red Herring. “Despite the global economic situation, there were so many great companies producing really innovative and amazing products that we had a difficult time narrowing the pool and selecting the finalists. NetSocket shows great promise, therefore deserves to be among the Finalists. Now we’re faced with the difficult task of selecting the Top 100 winners of the Red Herring North America award. We know that this year’s crop will grow into some amazing companies that are sure to go far.”
Finalists for the 2010 edition of the Red Herring 100 North America award are selected based upon their 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 telecommunications, security, Web 2.0, software, hardware, biotech and clean tech industries sent in their submissions to qualify for the award.
The Finalists are invited to present their winning strategies at the Red Herring North America Conference in San Diego, June 22-24, 2010. The Top 100 winners will be announced at a special awards ceremony on June 24 at the event.
About NetSocket
NetSocket is the first real–time IP service assurance provider, allowing the delivery of real-time IP services, such as voice and video communications, with a level of quality and reliability not previously possible. NetSocket's innovative and patented Session2Topology™ correlation engine coordinates previously disparate information from across the network, creating unique insights and enhancing real-time IP service control. As a result, network operators can quickly and proactively troubleshoot problems; end users experience superior performance and reliability; and organizations save costs and achieve improved business value. More information on NetSocket is available at www.netsocket.com.
For more information, contact:
Lisa Figlioli
Martell Communications (for NetSocket)
(203) 625-0082
lfiglioli@martellpr.com