NOVEMBER 23rd 2015 - BEVERLY HILLS, California USA - Red Herring announced its Red Herring Global award winners, recognizing leading private companies and celebrating these startups’ innovations and technologies across their respective industries.
Wadaro became eligible for the award after being named a Red Herring Top 100 Europe winner in April 2015 and was named to the Red Herring Top 100 Global list after a review of thousands of private companies worldwide and 600 finalists. Finalists were selected based upon their technological innovation, management strength, market size, investor record, customer acquisition, and financial health .
“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 the globe to the Top 100 Winners. We believe Wadaro embodies the vision, drive and innovation that define a successful entrepreneurial venture. Wadaro should be proud of its accomplishment.”
Wadaro Founder and CEO Robert Wakeling stated, ‘This prestigious award is further testament to the hard work of the team and our exceptional partners. Our mission to assist MNO’s and Telco Regulatory Authorities across the globe to improve the quality of service delivered to users of mobile telecommunications remains the focus of all we do. Our ‘crowd sourcing technique’ approach gathers Key Performance Indicators (KPIs) that influence significant improvements to service, reduce revenue loss through fraud and detect rogue (cloned / fake) devices.
The Red Herring editorial team selected the most innovative companies from the pool of the Red Herring regional winners across the globe. The nominees are evaluated on 20 main quantitative and qualitative criterion: they include disruptive impact, market footprint, proof of concept, financial performance, technology innovation, social value, quality of management, execution of strategy, and integration into their respective industries. This unique assessment of potential is complemented by a review of the actual track record and standing of a company, 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.
During the months leading up to the announcement, hundreds of Red Herring regional winners in the telecommunications, security, Web 2.0, software, hardware, biotech, mobile and other industries completed their submissions to qualify for the award. The Finalists were invited to present their winning strategies at the Red Herring Global Forum in Los Angeles, CA, on November 17-19, 2015. The Top 100 winners were announced at a special awards ceremony in the evening of Nov 19 at the event.