AeroScout Named Winner of Red Herring 100 Spring 2007 AwardMay 3, 2007
The distinction is bestowed on the 100 most promising companies driving technological innovation.
SAN FRANCISCO /BUSINESS WIRE/ -- Red Herring announced that AeroScout, the leading provider of Wi-Fi-based Active RFID solutions, is a winner of the Red Herring 100 Spring, an award given to the top 100 private technology companies based in North America.
Headquartered in San Mateo, CA, AeroScout develops Wi-Fi-based Active RFID solutions that enable companies in the healthcare, manufacturing, and logistics industries to improve business processes through accurate, real-time asset tracking. With offices worldwide, AeroScout has more than 200 customers, including several Fortune 100 manufacturers and over 30 of the world's leading hospitals. AeroScout recently received $21 million in series C funding and announced the world's largest implementation of Wi-Fi-based Active RFID tags.
"We're honored to have won the Red Herring 100 award," said Yuval Bar-Gil, CEO and co-founder of AeroScout. "This award is further confirmation of our leadership in the fast-growing Active RFID space and our pioneering approach."
AeroScout developed "the industry's first Wi-Fi-based Active RFID solution" and continues to lead and innovate in this market. The company's Wi-Fi-based approach enables customers to leverage their pre-existing standard Wi-Fi networks to more easily and cost-effectively increase visibility in the enterprise by tracking high-value assets both indoors and out. AeroScout's T2 and T3 tags are "the most deployed in the industry" and include advanced features, such as data telemetry, sensors, choke-point-detection capability, and call-button functionality. "With close partnerships and strong customer traction across a number of industries, the company is poised to continue its market leadership."
"Having received more than 800 submissions, it is clear that we are witnessing a new outburst of creativity," said Joel Dreyfuss, Editor-in-Chief of Red Herring. "With venture capital flowing again, it's exciting to see technology innovators and business investors collaborate to create disruptive technologies. AeroScout and the other Red Herring 100 North America companies are impressive up-and-comers and definitely the ones to watch."
Red Herring's annual lists of top private companies are an important part of the company's tradition of identifying new and innovative technology companies and entrepreneurs. Companies such as Google, eBay, and Skype were spotted in their early days by Red Herring editors and touted as leaders that would change the way we live and work.
Red Herring's editorial staff rigorously evaluated more than 800 private companies through a careful analysis of financial data and subjective criteria, including quality of management, execution of strategy, and dedication to research and development.
To honor the CEOs of Red Herring 100 Spring companies, Red Herring has invited each one to present his or her company at its Red Herring Spring 2007 event, May 1-3, at the Hyatt Regency in Monterey. As the venue for the unveiling of the top 100 private companies in North America, Red Herring Spring draws unparalleled attention from decision makers and industry observers across the continent. This year marks the 10th anniversary of the Red Herring 100 Awards. To celebrate this occasion, Red Herring 100 winners will share their successes and insights on how to make it to the top.
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AeroScout is a leader in Active RFID asset tracking and location solutions over standard Wi-Fi networks. Its enterprise-visibility solutions accurately locate and monitor assets and people in both indoor and outdoor environments to improve business processes. The company has over 200 customers in the healthcare, manufacturing, and logistics industries, including Boeing and more than 30 of the world's leading hospitals. Founded in 2000, AeroScout is headquartered in San Mateo, with offices in Europe and Asia. For more information, please visit the company's Web site.
AeroScout is a registered trademark of AeroScout Inc. Wi-Fi is a trademark of the Wi-Fi Alliance. All other trademarks are the property of their respective owners. Information is subject to change without notice.
About Red Herring
Red Herring is a global media company that unites the world's best high-technology innovators, venture investors, and business decision makers in a variety of forums: a leading innovation magazine, an online daily technology news service, technology newsletters, and major events for technology leaders around the globe. Red Herring provides an insider's access to the global innovation economy, featuring unparalleled insights on the emerging technologies driving the economy. More information about Red Herring is available on the Internet.
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