San Mateo & Los Angeles, California, Dec. 9, 2011: FinancialForce.com, the cloud applications company, today announced that it has been named a Red Herring Global 100 winner. The Red Herring Global 100 is an annual award that honors the year’s 100 most notable private technology companies and entrepreneurs from across the globe.
The Red Herring editorial team selected the top 100 global companies from a field of more than 1000 companies from more than 40 nations. The best companies from Asia, Europe and North America were judged on a range of qualitative and quantitative metrics, including but not limited to, technology innovation, financial performance, growth criterion, management’s execution standards, potential globalization of the strategy and market share improvement.
“Choosing the best out of the previous two years was by no means a small feat,” said Alex Vieux, Chairman of Red Herring. “After rigorous contemplation and discussion, we narrowed down our list from 1,100 potential companies to 100 winners. It was an extremely difficult process. FinancialForce.com should be extremely proud of its achievement, the competition for the Top 100 was fierce. The Top 100 Global are truly the best of the best.”
This prestigious industry award comes on the heels of several significant accolades for FinancialForce.com this year, including earning a place in the Red Herring Top 100 North America; receiving a THINKstrategies Bestof SaaS Showplace (BoSS) Award; being recognized as the Best Cloud Offering in the EuroCloud Awards; and being selected as finalists in the SIIA CODiE Awards.
Created in 2009 with investment from Salesforce.com and UNIT4 Business Software, FinancialForce.com focuses entirely on building business applications on Force.com, the cloud computing platform from salesforce.com, including accounting and professional services automation (PSA). Developed natively on the platform, its applications use the data already in Salesforce, eliminating the need to maintain several different systems of record. For accountants, this results in a highly efficient, error-free and cost effective solution. For professional services organizations, integration of a native PSA application with Salesforce CRM means they benefit from much better visibility into their pipeline, resources utilization, active projects, customer billing and risks. FinancialForce.com also leverages Chatter, the social networking tool available on Force.com, enabling companies to initiate real-time collaboration around customer issues and align finance, sales and services teams in ways not previously possible.
FinancialForce.com is the cloud applications company. We focus 100% on building business applications for Force.com, the world’s leading cloud computing platform from salesforce.com. Our applications include Accounting, Billing, Professional Services Automation (PSA) and Services Resource Planning (SRP). We serve fast-growing organizations and dynamic enterprises, helping them to align Finance, Sales and Service in a way that enables profitable growth. We are backed by two of the biggest and best players in the business, UNIT4 and salesforce.com.