Pisa (PRWEB) April 13, 2013
WiTech is proud to announce to have been listed on the 2013 Red Herring Top 100 Europe, a prestigious list that has become a mark of distinction for identifying promising new companies and entrepreneurs from the European business region.
In addition, WiTech is one of the 15 companies, selected from Top 100 Europe, allowed to present their company during the Red Herring North America Forum, that will take place on May 21-23 in Monterey, California.
Red Herring’s editorial staff evaluated the companies on both quantitative and qualitative criteria, such as financial performance, technological innovation, management quality, overall business strategy and market penetration. This assessment was complemented by a review of the track records and standings of similar startups in the same verticals, 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 Europe.
“Selecting startups that show the most potential for disruption and growth is never easy,” said Alex Vieux, publisher and CEO of Red Herring. “We looked at hundreds and hundreds of candidates from all across the continent, and after much thought and debate, narrowed the list down to the Top 100 Winners. Each year, the competition gets tougher but we believe that WiTech demonstrates the vision, drive and innovation that define a Red Herring winner.”
“We are so excited and honored to have been chosen as a 2013 Red Herring Top 100 Europe thanks to our Cloud4Wi, a cloud solution for next generation managed Wi-Fi hotspot services,” commented Andrea Calcagno, CEO and EVP of WiTech. “The innovation of Cloud4Wi lies not only on the technology but also on the business model. Thus, it redesigns the Wi-Fi hotspot concept, enhancing the end-user experience and offering new business opportunities to managed Wi-Fi services providers. Moreover Cloud4Wi exploits the new business-to-community model, leveraging on Wi-Fi communities, to boost revenue streams,” added Andrea.