Civolution Named as Red Herring Global 100
Award recognizes Civolution as one of the most promising private companies driving the future of technology and content distribution
Los Angeles, January 31st, 2011 – Civolution, the leading provider of technology and solutions for identifying, managing and monetizing media content, today announces that it has been selected as a winner in the Red Herring Global 100, an award given each year to the world’s top 100 private technology companies. This award is recognition of the pioneering content identification, management and monetization solutions that Civolution has developed and for the potential of these solutions to ensure that content companies can develop profitable business models.
“Everyone at Civolution is delighted that we have been named as a Red Herring 100 Global Winner,” said Alex Terpstra, CEO, Civolution. “The expanding use of broadband internet, new TV distribution platforms, and the coming explosion of conected devices opens both opportunities and threats for content owners. The media industry is constantly re-inventing itself and needs enabling technologies and new business models. Content identification is at the fore-front of this change. We are dedicated to continue to innovate and allow smart devices to become even ‘smarter’ so all stakeholders in the media value chain: content owners, distributors, advertisers and consumers, can benefit’’.
Red Herring’s annual lists of top private companies identify new and innovative technology companies which are rigourously evaluated 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’s editorial staff were among the first to recognize that companies such as Facebook, Twitter, Google, Yahoo, Skype, Salesforce.com, YouTube, and eBay would change the way we live and work.
“Choosing the best out of the previous three years was by no means a small feat,” said Alex Vieux, Chairman of Red Herring. “After rigorous contemplation and discussion, we narrowed down our list from 1,200 potential companies to 200 finalists. Trying to get it down to 100 companies was a task upon itself. Civolution should be extremely proud of its achievement, the competition was difficult.”
The development and widespread use of broadband internet, new TV distribution platforms, and the explosion of enabled devices has made it easier for content owners to reach their audiences and for consumers to access and consume multimedia content in their own time and place. In this new media universe, in which content is getting easier to obtain, save, mash-up, share and stream, the potential for illegal content copies to be accessible for free or outside the scope of a subscription is preventing rights holders and ultimately consumers from fully benefiting. Civolution is putting in place security and monetization solutions that enable all players in the media eco-system to move forward and build new sustainable business models.
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