Envysion Selected as a Finalist for 2011 Red Herring Global Award
Prestigious award recognizes the most promising private technology companies in the world
LOUISVILLE, Colo., Nov. 28, 2011 /PRNewswire/ -- Envysion®, Inc., (www.envysion.com) the leading Managed Video as a Service (MVaaS) provider, today announced that it has been selected as a finalist for Red Herring's 2011 Top 100 Global award, a prestigious recognition honoring the year's most enterprising and promising private technology companies and entrepreneurs from across the globe.
The Red Herring editorial team selected the companies demonstrating the most innovative technologies and business models originating from more than 1,000 companies across more than 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 technology innovation, financial performance, growth criterion, management's execution standards, potential globalization of the strategy and market share improvement.
"Technology companies are becoming the bright spot in the economic outlook based on their increasing role within macro-economic environments," stated Alex Vieux, Chairman of Red Herring. "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. Envysion has performed exceptionally in its field and strongly deserves to be singled out as one of the Red Herring Global Finalists. At this stage, we are left with the daunting task to select the best qualified companies for the 2011 Top 100 Global Award."
The 2011 finalists were 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, mobile and other industries completed their submissions to qualify for the award.
"It is an honor to be selected by Red Herring as one of the most innovative technology companies in the world," says Matt Steinfort, president and CEO of Envysion. "This recognition validates the global opportunity for MVaaS and acknowledges the value that video-driven business intelligence can deliver across industries and geographies."
About Envysion
Envysion enables large, national retail, restaurant, cinema and convenience store operators to increase profitability 10-15% by putting easy-to-use, video-based business intelligence into the hands of the entire organization. Envysion created the Managed Video as a Service (MVaaS) model which transforms video surveillance into a strategic management tool that provides instant and unfiltered business insights to users across operations, loss prevention, marketing and human resources. The MVaaS model enables Envysion to accelerate innovation by rapidly responding to market opportunity and making new capabilities immediately available to all users. Envysion's platform quickly scales to 1000s of locations and 10,000s of users without straining the IT department or network. For more information, visit www.envysion.com or call 877.258.9441.
SOURCE Envysion
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