Correlix., a Latency Intelligence™ applications that monitor and analyze trading execution and market-data flows in real-time announced today its status as a finalist of the “Red Herring 100 North America” award, a prestigious list honoring the year’s most promising private technology ventures in North America.
The Red Herring editorial team selected the most innovative companies from a pool of
1,200. The nominees are evaluated on both quantitative and qualitative criteria, such as financial performance, technology innovation, quality of management, execution of strategy, and integration into their respective industries. This unique assessment of potential is complemented by a review of the actual track record and standing of a company, which allows Red Herring to see past the “buzz” and make the list an invaluable instrument for discovering and advocating the greatest business opportunities in the industry.
“This year was especially difficult,” says Alex Vieux, publisher and CEO of Red Herring. There were so many great companies producing really innovative and amazing products that we had a difficult time narrowing it down to 200. Now we’re faced with the arduous task of selecting the final 100. We know that this year’s crop will grow into some amazing companies that are sure to go far.”
“We are honored to be selected as a finalist for the Red Herring 100 North America Award” says Shawn Melamed, CEO and founder of Correlix. “This selection further validates the leadership role Correlix has in defining the trading Latency Intelligence space and the value we are delivering to our customers. We have set ourselves an ambitious goal of changing the way trading firms manage their latency in this new era of high-frequency electronic trading. Being recognized as a finalist acknowledges the strong momentum we have in accomplishing this vision.”
D.C.