Indiana Company Among Red Herring FinalistsPosted: Updated:
An Indianapolis-based technology company has been named a Red Herring North America finalist. CloudOne Inc.'s list of clients includes Columbus-based Cummins Inc. (NYSE: CMI), Panasonic Corp. and CVS Caremark Corp. (NYSE: CVS). Chief Executive Officer John McDonald says the nomination continues recent momentum for the cloud-based software company. CloudOne also recently announced it had secured a $2.8 million round of financing. May 5, 2014
INDIANAPOLIS, Ind. - CloudOne (www.oncloudone.com), an IBM Premier Business Partner and the world leader in cloud delivery of IBM Software-as-a-Service, 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.
Red Herring has been selecting 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.
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. The Red Herring conference can be followed at https://twitter.com/digitalherringhashtag #RedHerring100.
CloudOne delivers on-demand Software-as-a-Service (SaaS) and Virtual Private Cloud solutions for IBM software tools to meet the needs of all industry verticals and variably sized organizations. Cummins, Panasonic, Hilton, CVS/Caremark, US Army, Shell, Xerox, Deloitte, Express Scripts, Delphi Automotive, Harman/Kardon, McDonald's and other organizations worldwide rely on CloudOne's cloud-based IBM SaaS services to make their infrastructure work on-demand.
Started in 2009, the company is privately owned and headquartered in Indianapolis, IN, CloudOne speeds the development of IBM technologies with no up-front capital, so companies "pay as they go" on a monthly subscription saving them money on infrastructure, staffing and configuration costs while creating a dynamic, elastic environment to facilitate global collaboration, visibility and consistency. To learn more about accelerating architecture initiatives with CloudOne, visitwww.oncloudone.com/ or follow us on Twitter @OnCloudOne.
Source: CloudOne Inc.