BURLINGTON, MA, — May 31, 2013 — Veracode, the application security company, today announced that the company was listed as a Red Herring Top 100 North America winner for 2013. The Red Herring Top 100 award recognizes the leading private companies from the Americas, celebrating these startups innovations and technologies across their respective industries.
Red Herring Top 100 North America names outstanding entrepreneurs and promising companies. It selects one hundred Award winners, among the 3000 tech startups financed each year in the US and Canada. Since 1996, Red Herring keeps tabs on the up and comers. Red Herring editors were among the first to recognize that companies such as Facebook, Twitter, Google, Yahoo, Skype, Salesforce.com, YouTube, Marin Software, Palo Alto Networks, and eBay would change the way we live and work.
In 2013, selecting the Top 100 achievers was by no means a small feat said Alex Vieux, publisher and CEO of Red Herring. In fact, we had the toughest time in years because so many entrepreneurs have crossed significant milestones so early. But after much thought, rigorous contemplation and discussion, we narrowed our list down from hundreds of candidates from across North America to the Top 100 Winners. We believe Veracode embodies the vision, drive and innovation that define a successful entrepreneurial venture. Veracode should be proud of its accomplishment, as the competition was very strong.
Red Herring's editorial staff evaluated the companies on both quantitative and qualitative criteria, such as financial performance, technology innovation and intellectual property, management quality, business model, customer footprint, and market penetration. This assessment of potential is complemented by a review of the track record and standing of startups 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 promising new business models in North America.
It's an honor for us at Veracode to be recognized alongside so many successful private companies. We are experiencing dramatic growth in a fast moving market with highly innovated technology and a great team, said Bob Brennan, CEO, Veracode.