Monterey, California – May 30, 2013 – Red Herring announced its Top 100 award in recognition of the leading private companies from Americas, celebrating these startups’ innovations and technologies across their respective industries. SmartDrive Systems, a leader in driving performance solutions thatreduce collisions and improve fuel efficiency, has been selected as one of those top 100 companies for this prestigious award.
The market for data solutions which optimize fleet and driver performance is accelerating rapidly. Fleets, such as Salvation Army, ICEE, Verst, Loomis, and Veolia are seeing reductions in collision costs as much as 70% and fuel savings of up to 12% when using SmartDrive. With the world’s largest database of over 62 million recorded and analyzed risky driving events, SmartDrive continues to lead the industry with technology that mines vehicle performance information combined with its proprietary sensor data and analytics, providing actionable intelligence and insights for fleets worldwide.SmartDrive has incorporated a driver-centric approach that arms both fleets and their individual drivers to improve on unsafe and fuel inefficient maneuvers, greatly lowering collisions, fuel waste, and carbon emissions.
“In 2013, selecting the Top 100 achievers was by no means a small feat” said Alex Vieux, publisher and CEO of Red Herring. “In fact, we had the toughest time in years because so many entrepreneurs have crossed significant milestones so early. But after much thought, rigorous contemplation and discussion, we narrowed our list down from hundreds of candidates from across North America to the Top 100 Winners. We believe SmartDrive embodies the vision, drive and innovation that define a successful entrepreneurial venture. SmartDrive should be proud of its accomplishment, as the competition was very strong.”
Red Herring Top 100 America enlists outstanding entrepreneurs and promising companies. It selects one hundred Award winners, among the 3000 tech startups financed each year in the US and Canada. Since 1996, Red Herring keeps tabs on the up and comers. Red Herring editors were among the first to recognize that companies such as Facebook, Twitter, Google, Yahoo, Skype, Salesforce.com, YouTube, Marin Software, Palo Alto Networks, and eBay would change the way we live and work.
Red Herring’s editorial staff evaluated the companies on both quantitative and qualitative criteria, such as financial performance, technology innovation and intellectual property, management quality, business model, customer footprint, and market penetration. This assessment of potential is complemented by a review of the track record and standing of startups 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.
“We are honored to be named a winner amongst such an outstanding group of companies,” saidSteve Mitgang, CEO of SmartDrive. “SmartDrive is proactively helping organizations transform how they engage and manage their fleets for competitive advantage and growth. Our focus on delivering material results as well as our innovative and open platform, coupled with our leading methods for optimizing safety and fuel performance, helped differentiate us from the pack. This award validates our leadership in providing unprecedented driving insights and intelligence that dramatically improves driver and public safety and fuel efficiency in the commercial vehicle industry.”
About SmartDrive Systems
SmartDrive Systems gives commercial fleets and transit agency operators unprecedented driving performance insight and analysis, helping save fuel, expenses and lives. Its video analysis, predictive analytics and personalized performance program help fleets improve driving skills, lower operating costs and deliver significant ROI. With an easy-to-use managed service, commercial fleets and transit agency operators can access and self-manage driving performance anytime, anywhere. The company has compiled the world’s largest storehouse of more than 60 million analyzed risky-driving events. SmartDrive Systems is based in San Diego, CA, and employs over 400 people worldwide.
About Red Herring
Red Herring is a global media company which unites the world’s best high technology innovators, venture investors and business decision makers in a variety of forums: a leading innovation magazine, an online daily technology news service, technology newsletters and major events for technology leaders around the globe. Red Herring provides an insider’s access to the global innovation economy, featuring unparalleled insights on the emerging technologies driving the economy.
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