Award Recognizes 100 Private Companies in North America That Drive the
Technology Industry's Future
BELMONT, Calif., May 11 /PRNewswire/ -- BitPass, Inc., the commerce
platform for digital content and services, today announced that it has been
named one of the Red Herring 100 Private Companies of North America.
"Five years after the dot-com bubble burst, innovation and
entrepreneurship are thriving. The companies on this list are proof," said Red
Herring editor-in-chief Joel Dreyfuss.
"Our platform sets the standard for content providers to bundle, promote
and sell digital content with the greatest ease and flexibility," said BitPass
COO Matthew C. Graves. "Being named to the Red Herring 100 establishes
BitPass as an innovator and validates our mission to bring better choices to
how content is presented, accessed, bought and sold."
Red Herring's lists of private companies are an important part of the
magazine's tradition of identifying new and innovative technology companies
and entrepreneurs. Companies like Google and eBay were spotted in their early
days by Red Herring editors as those that would change the way we live and
work.
Red Herring's editorial staff rigorously evaluated more than 900 private
companies through a careful analysis of financial data and subjective
criteria, including quality of management, execution of strategy, and
dedication to research and development. Red Herring 100 companies will be
presenting their business model and strategy at the Red Herring Spring
conference. Red Herring Spring will take place May 17-19 at the Monterey
Plaza Hotel in Monterey, California.
About Red Herring Spring
Red Herring Spring is an invitation-only event for CEOs, select senior
executives, and Venture Capitalists. Themed 'The Dynamics of Disruptions,'
Red Herring Spring 2005 will bring together executives from mostly private
companies. These executives will be joined by senior executives from public
companies and Venture Capitalists. Please contact Sean Raman at 650-428-2900
or email sraman@redherring.com if you would like to request an invitation to
Red Herring Spring.
About Red Herring
Red Herring is the weekly magazine technology entrepreneurs, investors and
industry observers read to stay ahead of the curve and to be better informed
about the global marketplace. Red Herring covers technology, innovation,
financial strategies, important personalities and trends that are transforming
the world of business with unique insight, opinion and forward-looking
analysis. Readers turn to Red Herring for knowledge to make strategic
decisions, build companies and create a competitive advantage for their
businesses. Red Herring articles, blogs, research and event information can be
found online at http://www.redherring.com.
About BitPass
BitPass was founded in December 2002 to address the growing demand among
digital content providers to efficiently monetize their online offerings
through a-la-carte and subscription-based payment models. Since the company's
production release of its service in December 2003, BitPass has signed more
than 2,500 vendors of videos, streaming music, photos, news, patents and other
content and services. The company has received venture funding from Worldview
Technology Partners, Steamboat Ventures, RRE Ventures, First Data Corp.,
Garage Technology Ventures, Cardinal Venture Capital, Amicus Capital and
others. For more information, visit http://www.bitpass.com.
SOURCE BitPass, Inc.
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Related links:
http://www.redherring.com
CONTACT:
Johnny Wong of BitPass, +1-650-291-2440, or
johnny@bitpass.com
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