From the Wires
GENWI Wins 2012 Red Herring Top 100 Global Award
GENWI Selected as Mobile Innovator by Bringing Mobile Publishing to the Cloud
By: Marketwire .
Dec. 4, 2012 02:30 PM
LOS ALTOS, CA--(Marketwire - December 04, 2012) - GENWI (http://genwi.com), the cloud publishing leader that helps publishers to easily deliver their content to all mobile devices, today announced that it has won the prestigious Red Herring Global Top 100 Award. Selected from more than a thousand of the leading private companies from North America, Europe, and Asia, Red Herring has recognized GENWI as an innovator in the mobile category.
Red Herring's Top 100 Global list has become a mark of distinction for identifying promising new companies and entrepreneurs. Previous winners include Facebook, Twitter, Google, Yahoo, Skype, Salesforce.com, YouTube, and eBay.
As the first cloud publishing solution, the GENWI mobile Content Management System (mCMS) decouples the content from design in the cloud, and helps publishers to create live content and highly engaging native and HTML5 apps.
With GENWI's mCMS, publishers can:
"The publishing industry is going through a massive transformation. Publishers are on the hunt for a new and innovative approach to deliver their content onto mobile and old incumbents, such as Adobe, are slow to adapt," said PJ Gurumohan, Co-Founder and CEO of GENWI. "GENWI is trailblazing mobile publishing by helping content publishers easily and effectively engage with consumers -- all in the cloud. We are incredibly proud that Red Herring has recognized our vision and efforts with this prestigious award."
Elevation Partners and FLOODGATE joined the Series A funding round bringing the total the company has raised to date to $7.1M with other investors being Nexus Venture Partners, Inventus Capital Partners, and Quest Venture Partners.
"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 Global to the Top 100 Winners. We believe GENWI embodies the vision, drive and innovation that define a successful entrepreneurial venture. GENWI should be proud of its accomplishment, as the competition was the strongest it has ever been."
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 startups relative to their 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 from around the world.
Over 1800 publishers have GENWI powered apps including American Express, Deloitte, Tesla, Condé Nast, The Hollywood Reporter, and The Dolan Company. Founded in 2010, GENWI is a privately held firm based in Los Altos, CA with another office in New York City. For more information, please visit http://genwi.com or follow us on Twitter @genwi.
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