TiEcon 2014 announces MAESTRANO as a finalist for its TiE50 Awards program, recognizing the 50 hottest tech start-ups

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Cloud enterprise app store startup MAESTRANO has been selected as a finalist in the TiE50, to be awarded at TiEcon in Santa Clara CA 17 May 2014

Maestrano is excited to announce that it has been selected as a Finalist for the prestigious 2014 TiE50 Awards Program. Winners will be announced on Saturday, May 17th at the organization’s annual entrepreneurial conference, TiEcon. Returning for the sixth year in a row, this year’s TiE50 is open to all technology companies worldwide.

The TiE50 track record since its inception in May 2009 shows that 94% of the winners and finalists have been funded, attracting Billions in investments. Many of these companies have been acquired, merged or gone public.

Maestrano CEO Stephane Ibos said, ‘’My co-founder, Arnaud Lachaume, and I recognized that enterprise software is difficult to access for many small businesses, moreover enterprise software in the cloud is usually priced for larger corporates. However there are clear benefits from utilizing ERP, CRM, HR, etc in any business. The Maestrano approach is simple, low-cost, seamless and focused on the needs of SMBs. After completing the first release of the platform we secured funding from investors and industry leaders, and now just a few months later we have over 900 customers in 30 countries and are adding over 50 new customers every week.’’

“We are thrilled and honored to be selected as a TiE50 finalist”, said Ibos. “TiE has been instrumental in Maestrano’s growth and we are proud to be associated with them.”

“In the six short years since inception, the TiE 50 program has become a global brand that attracts thousands of companies worldwide for this recognition,” said Venktesh Shukla, president of TiE, Silicon Valley. “It is unique in terms of rigor of selection and the broad scope of companies that it reviews for this award and is one of TiE Silicon Valley’s most successful programs. It is also worth mentioning that this is the only awards recognition in technology to be held by a large global non-profit organization.”

To determine the winner, a panel of experts will screen the companies and create a list of the “2014 TiE50 Top Startups.” This list will then be reviewed further by a screening committee of deep domain experts. About 100 of the best of the breed companies are selected to the elite TiE50 Finalist pool. Finally, this pool of TiE50 Finalists are judged by a panel of highly accomplished team made up of serial entrepreneurs, venture capitalists, angel investors, CEOs and well-rounded technology experts, to determine finalists and winners. Companies will be evaluated on three parameters: Business Model, IP Value and Leadership team.

At TiEcon 2014, 20 of the top startups from each of the five segments will be chosen to pitch their ideas, and winners will be announced on stage that evening.

This year at the event, attendees and TiE50 participants will also have the chance to hear from three previous TiE50 winners who have made successful exits recently: FireEye, Pearl Therapeutics and Rubicon Project.

“This year the TiE50 Awards Program screened more than 2,800 companies from 27 countries. The finalist pool is represented by early through late stage companies. A star attraction of the conference is TiE50 Finalist presentations. Audiences are treated to great ideas and amazing technologies” said Ram K. Reddy, the program chair.

For further details on the TiE50, visit http://www.tie50.org.

About TiEcon:
TiEcon is the world’s largest conference for entrepreneurs and intrapreneurs with loyal participation from top technology companies, leading venture capital firms, and global service providers. TiEcon 2012 attracted 3,000+ attendees from across the world – including CEOs of established companies to first-time entrepreneurs creating new companies, to leading investment professionals and corporate executives. TiEcon was listed by Worth Magazine in their September 2011 issue to be among the 10 Best Conferences for Ideas and Entrepreneurship along with TED and the World Economic Forum. For more information on TiEcon, visit http://www.tiecon.org.

About TiE:
TiE is a global not-for-profit organization fostering entrepreneurship through mentoring, education, and networking. We consider entrepreneurship to be the single most powerful instrument to advance global prosperity. Our greatest strength is our network of over 60 chapters in 17 countries with a worldwide membership exceeding 14,000 that includes successful entrepreneurs, venture capitalists, corporate executives, and aspiring entrepreneurs. For more information on TiE, visit http://www.tie.org.

About Maestrano:
Maestrano began from the observation that Cloud services are difficult to access for many businesses, whilst a proprietary application model has produced silos of functionality. e.g. one service offers ERP, another sales management and yet another HR. No one provider delivers a full suite. The huge cost of building and maintaining competitive business software precludes integration. Meanwhile, the same cost base dictates a charging model that quickly climbs into hundreds of thousands of dollars per year. Maestrano breaks the silo model by aggregating a broad range of open source business applications. Maestrano offers simplicity and ease of use, with no hidden costs. No need for expensive technical assistance, no complicated plans and subscriptions. Simply choose what you need and how you need it. http://www.maestrano.com

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Ian Buddery
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