BETHESDA, Md., December 12, 2011 – Acumatica, a provider of Cloud ERP software, today announced it was recognized as a top 100 Global Tech company by Red Herring. The honor distinguishes Acumatica among thousands of applicants and places it in elite company. Red Herring editors were among the first to recognize that companies such as Facebook, Twitter, Google, Yahoo, Skype, Salesforce.com, YouTube, and eBay would change the way we live and work.
“Choosing the best out of the previous two years was by no means a small feat,” said Alex Vieux, Chairman of Red Herring. “After rigorous contemplation and discussion, we narrowed down our list from 1,100 potential companies to 100 winners. It was an extremely difficult process. Acumatica should be extremely proud of its achievement, the competition for the Top 100 was fierce. The Top 100 Global are truly the best of the best.”
Red Herring’s editorial staff evaluated Acumatica on both quantitative and qualitative criteria, such as financial performance, technology innovation, management quality, strategy, and market penetration. This assessment of potential is complemented by a review of the track record and standing of company relative to their sector peers, allowing Red Herring to see past the “buzz” and make the list a valuable instrument of discovery and advocacy for the most innovative new business models in North America.
“Red Herring’s Global 100 list has become a mark of distinction for identifying promising companies and entrepreneurs,” said Ezequiel Steiner, CEO at Acumatica. “Our Cloud ERP software has revolutionized the way mid-sized businesses manage their operations by allowing them to act on real-time data. Unlike early cloud solutions, Acumatica allows customers to run their software on-premise, hosted, or as a managed service (SaaS).”