Hughes Systique Corporation announced recently that it had been selected as a finalist for Red Herring’s Top 100 North America award.
Hughes Systique is a Red Herring North America Top 100 finalist
Red Herring North America finalist
ROCKVILLE, Md. – June 15, 2016 – PRLog — Hughes Systique Corporation announced recently that it had 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.
Red Herring has been selecting the most exciting and promising start-ups and “scale ups” since 1995. Finalists are still 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 due diligence from the Red Herring panel. The list of finalists includes some of the best performing and prominent companies of that year.
“HSC is proud that Red Herring North America has endorsed our capabilities and has shortlisted us as one of the finalists in the Red Herring North America 2016 list,” said Pradeep Kaul, President and CEO of Hughes Systique Corporation. He also added that “Deep technical expertise, astute domain knowledge and tailored service offerings are the three pillars that anchor us firmly in the customer mindset as the preferred software development partner. HSC differentiates its offering by developing solutions for its customers in the areas of 5G, IoT, Mobile Devices, Digital Transformation and Automotive entertainment, helping them reduce ‘Time to Market’, usher in better connectivity, user experience, productivity and lower the total cost of ownership.”
2016 will be remembered as a special vintage. “The finalist’s 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 2016 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. The Top 100 winners were announced during a special awards ceremony the evening of June 8, 2016.
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