Net Optics Named Red Herring Global 100 Award Finalist
Net Optics Recognized as a Global Leader in Innovative Technologies by Red HerringSANTA CLARA, CA--(Marketwire - Nov 22, 2011) - Net Optics, Inc., the industry's leading provider of intelligent access and monitoring architecture, today announces that it has been named a 2011 Red Herring Global Top 100 finalist. The Red Herring editorial team selected the companies demonstrating the most innovative technologies and business models originating from over 1000 companies from over 40 nations.
"Net Optics is honored to follow up its Red Herring North America win by being included as a finalist for the Global 100 as well," said Net Optics President and CEO, Bob Shaw. "It is quite remarkable to be included in such prestigious company, and to have been selected from a pool of hundreds across the globe. This is truly indicative of our growing presence around the world, and is a tremendous indicator of the support and success we have built with our customers."
The finalists, representing past Red Herring Asia, Europe and North America award winners, 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, and potential globalization of the strategy and market share improvement. Winners will be announced the evening of December 7, 2011 at the Red Herring Global forum in Los Angeles, where finalists will be invited to present their winning strategies at a special awards ceremony.
"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. Net Optics 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."
Net Optics solutions are deployed by 85-percent of the Fortune 100 and 50-percent of the Fortune 500. Since the company's inception in 1996, Net Optics has posted 60 quarters of consecutive growth without VC funds and its products are made in the USA. This year, Net Optics surpassed the quarter billion dollar revenue milestone, and plans to add 40 new hires to its rapidly expanding employee base.