New York, NY (PRWEB) June 18, 2010
Junction Networks announced today it has been selected as a Finalist for Red Herring's North America 100 award, a prestigious list honoring the year’s most promising private technology ventures in North America.
The Red Herring editorial team selected the most innovative companies from a pool of hundreds from across North America. The nominees are 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.
“We are delighted to have been named as a finalist in this competition among some of the best private companies in North America,” said Rob Wolpov, president, Junction Networks. “We will continue to innovate our product offerings in order to help small businesses across the globe get more from their phone systems, without breaking the bank. We are pleased to continually be recognized for our efforts.”
"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. Junction Networks shows great promise therefore deserves to be among the Finalists. Now we’re faced with the difficult task of selecting the Top 100 winners of Red Herring North America award. We know that this year’s crop will grow into some amazing companies that are sure to go far."
Finalists for the 2010 edition of the Red Herring 100 North America award are 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 are invited to present their winning strategies at the Red Herring North America Conference in San Diego, June 22-24, 2010. The Top 100 winners will be announced at a special awards ceremony on June 24 at the event.
About Junction Networks
With more than 5,000 customers, Junction Networks is one of the largest providers of hosted VoIP services to small and medium-sized enterprises. OnSIP, by Junction Networks, is a reliable business class phone service accessed over the Internet for companies with 5 to 100 employees. OnSIP customers enjoy the benefits of a business class phone system, without the traditional high cost, burden and inflexibility. For more information, visit http://www.onsip.com