Providence, R.I., June 29, 2010 -- Monitise Americas announced today it has been selected as a Winner of Red Herring's North America 100 award, a prestigious list honoring the year's most promising private technology ventures from the North American business region. The award, whose past winners include Google, Yahoo!, Facebook, Twitter and Salesforce.com, is given to companies demonstrating the ability to disrupt an industry or create an entirely new industry via an innovative business model.
The Red Herring editorial team selected Monitise Americas from a pool of hundreds from across North America. The nominees were evaluated on both quantitative and qualitative criteria, such as financial performance, technology innovation, quality of management, execution of strategy, and integration into their respective industries.
"Monitise Americas is truly honored to be recognized by Red Herring as one of their Top 100 companies," said Soren Bested, managing director of Monitise Americas. "At a time when mobile banking, payments, and commerce is maturing as an industry, the selection serves as validation of our unique mobile financial services model, which provides our financial institution partners and their customers with an unmatched user experience and value proposition."
"This year was especially difficult," said Alex Vieux, publisher and CEO of Red Herring. "Despite the global economic situation, there were many great companies producing really innovative and amazing products that we had a difficult time narrowing the pool and selecting the finalists. We know that this year's crop will grow into some amazing companies that are sure to go far."
Winners for the 2010 edition of the Red Herring 100 North America award 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, and clean tech industries sent in their submissions to qualify for the award.
The Finalists were invited to present their winning strategies at the Red Herring North America Conference in San Diego, June 22-24, 2010. The Top 100 Winners were announced at a special awards ceremony on June 24 at the event.
About Monitise Americas
Monitise Americas is a joint venture between FIS, one of the world's largest providers of banking and payments technology to financial institutions and businesses worldwide, and Monitise plc (MONI.L), a specialist in mobile banking and payments technology. Monitise Americas provides mobile banking and payment services to North American financial institutions predicated on an "ecosystem" principle, which allows multiple mobile carriers and financial institutions to deliver services over a single platform. Current partners of Monitise Americas include FIS, NYCE, Everlink, Corporate Network eCom, and eCommLink. For more information on Monitise Americas and details of how to benefit from participating in its cross-America ecosystem, please visit www.monitiseamericas.com .
Source: Company press release.
