ATLANTA, May 8, 2014 (GLOBE NEWSWIRE) -- H2O Overgroup, the leader in billing and CRM solutions, announced today it had been selected as a finalist for Red Herring's Top 100 North America award, a prestigious list honoring the year's most promising private technology ventures from the North American business region.
For this award, Red Herring selects the most exciting and promising start-ups and "scale ups" 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.
"We're excited to receive this recognition from Red Herring," says Brent Maropis, CEO of H2O Overgroup. "I'm proud of our continued commitment to innovation and extraordinary service that enables us to stay at the forefront of our industry. H2O is a perfect example of how ?next-generation ?applications are? empowering organizations to meet the marketplace's ever increasing demand for flexibility, scalability and security. This approach is especially critical to communications and technology service providers and allows ?our clients to capitalize on new pricing models, bring products and services to market faster than ever before and position themselves for significant growth."
Red Herring's Top 100 in North America list is a mark of distinction for identifying promising new companies, such as Google, Facebook, Salesforce.com, and YouTube. Twenty major criteria underlie the scoring and process for the Top 100 award selection. These include the candidate company's addressable market size, IP and patents, financing, proof of concept, trailing revenues and management expertise.
"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.
The Top 100 winners will be announced at a special awards ceremony the evening of May 16 at the Red Herring North America Forum in Monterey, California.
ABOUT H2O OVERGROUP
H2O Overgroup, recognized as an Inc. 5000 company, develops a real-time web-based software for technology service providers to manage their customers' subscriptions, usage, taxation, billing, and payments. Founded in 2002, Overgroup has grown to be the go-to solution for technology service providers across the United States. For more information, visit www.overgroup.com or call 1-866-470-5502.
CONTACT: MEDIA CONTACT
Overgroup Consulting, LLC.
866-470-5502 ext. 230
Source: H2O - Overgroup