TORONTO, May 28, 2014 /CNW/ - Red Herring has selected Flybits as one of its 2014 Top 100 North America award winners. Flybits was recognized for its leading-edge, context-aware computing solutions.
Red Herring Top 100 America recognizes innovation from outstanding entrepreneurs and promising companies. Its "Top 100 North America" award winners were selected from among approximately 3,000 tech startups financed each year in the U.S. and Canada. Past winners include companies such as Facebook, Twitter, Google, Yahoo, Skype, Salesforce.com, YouTube, Marin Software, Palo Alto Networks and eBay, and many others that have changed how we live and work.
"In 2014, selecting the top 100 achievers was by no means a small feat," said Alex Vieux, publisher and CEO of Red Herring. "We believe Flybits embodies the vision, drive and innovation that define a successful entrepreneurial venture. Flybits should be proud of its accomplishment, as the competition was very strong."
Flybits was evaluated on both quantitative and qualitative criteria, such as: financial performance, technological innovation, intellectual property, management quality, business model, customer footprint, and market penetration. The assessment of Flybits' potential was complemented by a review of their track record and standing among startups relative to their sector peers.
"We are pleased to be named as a 2014 Top 100 North America company," said Dr. Hossein Rahnama, Flybits founder and CEO. "Flybits is enabling large and small companies to build context-aware mobile experiences without imposing technical and infrastructure complexities. We have built a technology that fundamentally changes users' relationship with data and allows companies to gain valuable insights from contextual and predictive data sets. Flybits leverages a service platform that can be controlled using an intuitive and visual user interface. It has a scalable context-processing engine that allows a variety of content types to become more contextual for an end user. While Flybits technology is culturally and technologically disruptive, the award identifies societal awareness and need for context-aware solutions to support daily life."
Flybits solutions allow companies to rapidly curate and deploy content and services to mobile users that dynamically adapt to their situation. This technology helps optimize the "signal to noise ratio," improving productivity, adoption and satisfaction. Finding content and services becomes situationally driven instead of user driven. Flybits solutions are being deployed in retail banking, smart connected cities, transit management, retail malls, corporate and university campuses, and smart venues and stadiums.
Flybits is a young and hyper-innovative software company based in Toronto with smaller offices in London and New York. Flybits develops tools that allow users to create predictive and context-aware computing environments. Flybits empowers its users to create and manage unique contextual experiences on mobile and wearable devices. Flybits was spun-off from Ryerson University in 2012 through MaRS Innovation. For further information, visit www.flybits.com.
SOURCE: Flybits Inc.