“Strands Personal Finance is honored to be named a Red Herring Top 100 North America Finalist and included among other innovative companies,” said Edward Chang, CEO of Strands.
San Francisco, CA (PRWEB) May 23, 2011
Strands Personal Finance, a leading global provider of Personal Finance Management (PFM) solutions, announced today it has 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.
“Strands Personal Finance is honored to be named a Red Herring Top 100 North America Finalist and included among other innovative companies,” said Edward Chang, CEO of Strands. “We believe the need for effective money management is as high as ever and appreciate the recognition of our innovative solutions for financial institutions. We would also like to thank our bank clients and their millions of online banking customers for contributing to our success.”
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.
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 an valuable instrument for discovering and advocating the greatest business opportunities in the industry.
"This year was very rewarding," said Alex Vieux, publisher and CEO of Red Herring. "The global economic situation has abated and there are many great companies producing really innovative and amazing products. We had a very difficult time narrowing the pool and selecting the finalists. Strands Personal Finance 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. We know that the 2011 crop will grow into some amazing companies that are sure to make an impact."
About Strands Personal Finance
Strands Personal Finance is a leading global provider of web and mobile Personal Finance Management (PFM) solutions to leading financial institutions such as Bank of Montreal (Canada), ING (Netherlands) and BBVA (Spain). Strands’ award winning technology is delivered through a scalable and highly customizable application, Strands PFM. Strands PFM gives banks the ability to gain new customer insights, further engage customers, acquire new customers, and improve cross-selling. The application also helps a bank’s online users manage their money more efficiently by helping users to analyze spending, set budgets, compare themselves to a peer community, and create savings goals. Strands Personal Finance is headquartered in San Francisco and has offices in the U.S. and Spain.