CIMdata PLM Industry Summary Online Archive
8 May 2013
Company News
Red Herring Names Centric Software to Top 100 List
Centric Software, Inc., has earned a spot as a finalist for the 2013 Red Herring Top 100 North America Awards.
The Top 100 is a prestigious list honoring the year’s most promising private technology ventures. It represents “the most exciting and promising start-ups and scale-ups” from among a pool of hundreds of candidates across North America, according to Red Herring.
Red Herring selects the Top 100 finalists for technological innovation, management strength, market size, investor record, customer acquisition and financial health. Centric—provider of product lifecycle management (PLM) software for retail, apparel, footwear, luxury and consumer goods companies—achieved a spot in the list’s Internet/Online sector, which includes business-to-business companies.
"The finalists’ list confirms the excellent choices made by entrepreneurs and venture capitalists, and the start-ups' solid roots in corporate America, embracing their innovations,” says Alex Vieux, publisher and CEO of Red Herring. “By all metrics, it emphasizes the United States’ entrepreneurial excellence.”
To earn a spot on the list, Red Herring evaluates companies from a large pool of hundreds of candidates based across North America. Each company completes a thorough submission, complemented by due diligence, and an interview. Twenty major criteria underlie the scoring and process. They include: the candidate company's addressable market size; intellectual property and patents; financing; proof of concept; trailing revenues; and management's expertise.
Red Herring then conducts a review of the company’s actual track record and standing, which it says makes the finalists’ list a valuable instrument for discovering and advocating the greatest business opportunities in the industry.
As a finalist, Centric will present its winning strategies at the Red Herring North America Forum in Monterey, Calif., May 21-23. Red Herring will honor the company at a special awards ceremony on May 23 at the event.
“Red Herring’s recognition of Centric’s innovation and industry leadership in providing PLM systems for retail, fashion and consumer goods companies is gratifying for our entire team,” says Chris Groves, president and CEO of Centric Software. He cites customer acquisition and expansion, industry-first mobile apps, Centric’s Agile Deployment (SM) implementation methodology and rapid customer return on investment as hallmarks of the company’s achievements. “It is an honor to earn a place as a finalist on the Top 100 list from Red Herring.”
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