Fastback Networks named a Finalist for the 2014 Red Herring top 100 North America Award
San Jose, California — May 5, 2014
Fastback Networks™, the leader in advanced wireless transport solutions, today announced the company’s selection as a finalist for Red Herring’s Top 100 North America award, a prestigious list honoring the year’s most promising private technology ventures in North America. As a finalist, Fastback Networks will present at the Red Herring North America Forum in Monterey, CA, May 14 – 16, 2014, where the Top 100 winners will be announced.
For this award, the Red Herring selects the most exciting and promising start-ups and “scale ups” evaluated individually from a pool of hundreds of candidates across North America in the fields of security, Web 2.0, software, hardware, life sciences, cloud, and mobile. 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.
“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.
Twenty major criteria underlie the scoring and process for the Top 100 award selection, including the candidate company’s addressable market size, IP and patents, financing, proof of concept, trailing revenues and management expertise. Each company goes through an individual interview, a thorough submission, and a due diligence. This unique assessment of potential is complemented by a review of the company’s 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. The list of finalists often includes the best performing and prominent companies of the year.
“We are delighted to receive this Red Herring recognition,” said Kevin Duffy, CEO & Co-Founder, Fastback Networks. “Fastback Networks has developed a breakthrough solution for the most demanding wireless transport requirements, and the Red Herring honor is further validation of our approach.”
About Fastback Networks
Fastback Networks was founded with a vision to deliver innovative technology for the mobile infrastructure of the future, enabling network operators to deliver new services, tap new markets and monetize a new generation of mobile applications. With insights derived from the collective team’s experience building leading edge radio and data networking solutions, Fastback Networks looked at the challenges of 4G/LTE deployment with fresh eyes and better ideas, and developed a transformational mobile transport solution that enables the acceleration of next generation mobile services. Fastback Networks is a privately held company funded by Matrix Partners, Foundation Capital, Granite Ventures, and Juniper Networks Junos Innovation Fund. More information is available at www.fastbacknetworks.com.