IDInteract is a Finalist for the 2013 Red Herring Top 100 North America Award

SEATTLE, WA — IDInteract, Inc. announced today it has been selected as a finalist for Red Herring’s 2013 Top 100 North America award. The latest accolade amidst a recent flurry of positive recognition, the Red Herring award puts IDInteract in the company of a prestigious list of honorees considered to be North America’s most promising private technology ventures.

Red Herring has been selecting the most exciting and promising startups and “scaleups,” since 1995. Finalists are chosen from a pool of hundreds, then carefully scrutinized under a scoring process that includes twenty major criteria. Candidates are judged according to: the company’s addressable market size, IP and patents, financing, proof of concept, trailing revenues and management’s expertise.

The list of finalists often includes the best performing and prominent companies of that year. 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. It’s this process of detailed diligence that has given the Red Herring list its authority, and why it’s such a valuable instrument for discovering and advocating the greatest business opportunities in the industry.

2013 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.

Finalist selections for the 2013 edition of the Red Herring 100 North America award are based upon technological innovation, management strength, market size, investor record, customer acquisition and financial health. During the several months leading up to the announcement, hundreds of companies in the fields of security, Web 2.0, software, hardware, life sciences, cloud, mobile and others completed their submissions to qualify for the award.

Finalists are asked to present their winning strategies at the Red Herring North America Forum in Monterey, Calif., May 21 to 23, 2013. The Top 100 winners will be announced at a special awards ceremony the evening of May 23 at the event.