Parallels Named as a Red Herring 100 Award Finalist
 

Parallels, a virtualization and automation software provider, today announced that it has been named a finalist for the Red Herring 100 Award, a selection of the 100 most innovative private technology companies based in North America.

The company articulates that in preparation for the formal announcement of its Top 100 Award, the Red Herring editorial board diligently surveyed the entrepreneurial scene throughout the North American region and identified the top 200 out of more than 800 closely evaluated companies that are leading the next wave of innovation.

It avers that the evaluations were made on both quantitative and qualitative criteria such as financial performance, innovation, management, strategy, and ecosystem integration.

"We can see the exciting evolution of the technology sector reflected in the quality and variety of exceptional companies that we had to choose from in putting our list together," said Joel Dreyfuss, editor-in-chief of Red Herring. "It was tough to choose just 200 finalists from such a large list of excellent contenders, and we are very happy with the quality of the companies we selected as finalists."