|By Marketwired .||
|May 20, 2014 10:05 AM EDT||
SAN FRANCISCO, CA -- (Marketwired) -- 05/20/14 -- Piston Cloud Computing, Inc., the enterprise OpenStack® company, today announced that 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.
Finalists are evaluated individually from a large pool of hundreds of candidates based across North America. Twenty major criteria underlie the scoring and process. They include, among others: the candidate company's addressable market size, its IP and patents, its financing, the proof of concept, trailing revenues, and management's expertise. Each company goes through an individual interview after filling out a thorough submission, complemented by a due diligence. The list of finalists includes the best performing and prominent companies of that year.
"Piston's biggest achievement will always be our customers," said Gretchen Curtis, co-founder and CMO at Piston. "At Piston, we never rest on our laurels, but instead remain in constant pursuit of excellence and customer satisfaction. We are honored to have the distinguished Red Herring organization recognize Piston for our continuous technology, product, and market innovation."
This unique assessment of potential is complemented by a review of the company's actual track record and standing, which allows Red Herring to see past the "buzz" and make the list a valuable instrument for discovering and advocating the greatest business opportunities in the industry.
2014 will be remembered as a special vintage. "The finalists list confirms the excellent choices made by entrepreneurs and VCs and the start-ups' solid roots in corporate America, embracing their innovations. By all metrics, it emphasizes the United States' entrepreneurial excellence," said Alex Vieux, publisher and CEO of Red Herring.
About Piston Cloud Computing, Inc.
Piston Cloud Computing, Inc. is the enterprise OpenStack® company. Founded in 2011 by OpenStack founders from NASA and Rackspace®, Piston makes software that uses advanced systems intelligence to orchestrate an entire private cloud environment using commodity hardware. Piston is an OpenStack Foundation Gold Member, based in San Francisco, and funded by True Ventures, Hummer Winblad, Swisscom Ventures, Cisco Systems, Inc., Data Collective, and Divergent Ventures. Visit Piston online at www.pistoncloud.com.
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