FinancialForce.com Named Red Herring Top 100 North America Tech Company

San Mateo, CA, June 23, 2011 --(PR.com)-- FinancialForce, the cloud applications company, today announced that it has been named to the 2011 Red Herring Top 100 North America list. Red Herring announced its Top 100 award in recognition of the leading private companies from North America, celebrating these start-ups’ innovations and technologies across their respective industries.

Red Herring’s Top 100 North America list has become a mark of distinction for identifying promising new companies and entrepreneurs. Red Herring editors were among the first to recognize that companies such as Facebook, Twitter, Google, Yahoo, Skype, Salesforce, YouTube, and eBay would change the way we live and work.

“Choosing the companies with the strongest potential was by no means a small feat,” said Alex Vieux, publisher and CEO of Red Herring. “After rigorous contemplation and discussion, we narrowed our list down from hundreds of candidates from across North America to the Top 100 Winners. We believe FinancialForce embodies the vision, drive and innovation that define a successful entrepreneurial venture. FinancialForce should be proud of its accomplishment, as the competition was very strong.”

FinancialForce launched in September 2009, backed by UNIT4 (AMX: UNIT4) and Salesforce. This industry recognition comes on the back of a period of growth and success for FinancialForce, whose solutions are now used by companies in 23 countries. FinancialForce’s solutions, including FinancialForce Accounting and FinancialForce PSA, continue to be particularly popular with organizations using Salesforce CRM, who want seamless connectivity between sales, billing, professional service and finance processes on a single cloud platform.

Red Herring’s editorial staff evaluated the companies on both quantitative and qualitative criteria, such as financial performance, technology innovation, management quality, strategy, and market penetration. This assessment of potential is complemented by a review of the track record and standing of the companies relative to their sector peers, allowing Red Herring to see past the “buzz” and make the list a valuable instrument of discovery and advocacy for the most promising new business models in North America.

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