DENVER, CO – MAY 28, 2012 - PaySimple, the leading provider of small business receivables automation software, announced today it is a winner of the Red Herring Americas Top 100 Private Companies award, a distinguished award which recognizes innovation and technology from the leading private companies across the Americas.
We are honored to be selected as a Winner of the Red Herring Top 100 Award," said Eric Remer, CEO of PaySimple. "This recognition validates our innovative approach and commitment to helping small businesses bill, collect and manage their payments and customers. The award is another market indicator that the receivables automation movement is going mainstream to help small businesses save time and maximize their cash flow."
"Choosing the companies with the strongest potential was by no means a small feat," said Alex Vieux, publisher and CEO of Red Herring. "After rigorous contemplation and discussion, we narrowed our list down from hundreds of candidates from across North America to the Top 100 Winners. We believe PaySimple embodies the vision, drive and innovation that define a successful entrepreneurial venture. PaySimple should be proud of its accomplishment, as the competition was very strong."
Red Herring's Top 100 Americas list has become a mark of distinction for identifying promising new companies and entrepreneurs. 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.
There were a total of 800 companies who competed for the award, 236 finalists, and 100 winners. Winners were selected from the 236 finalists and evaluated on several factors including; 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 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 Americas.