Wi-Fi chips and software developer Celeno Communications Inc. is a winner in "Red Herring's" Top 100 Europe Award for innovation and technology in its industry. The company's OptimizAIR technology supports service providers in the multiscreen revolution by ensuring high performance and reliable Wi-Fi throughout the home to multiple devices.
"This award is the culmination of a very successful year for Celeno, both in terms of revenues and design wins,” said Celeno CEO Gilad Rozen. “We have enjoyed tremendous growth and with video gateways and IP set-top boxes driving future growth, Celeno is well positioned to capitalize on a growing market and capture significant market share."
The "Red Herring" editorial team evaluated the companies on both quantitative and qualitative criteria, including financial performance, technological innovation, management quality, business strategy, and market penetration. The assessment was complemented by a review of the track records and standings of similar start-ups in the same verticals, 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 Europe.
“Selecting startups that show the most potential for disruption and growth is never easy,” said "Red Herring" publisher and CEO Alex Vieux. “We looked at hundreds and hundreds of candidates from all across the continent, and after much thought and debate, narrowed the list down to the Top 100 Winners. Each year, the competition gets tougher but we believe Celeno demonstrates the vision, drive and innovation that define a Red Herring winner."
Published by Globes [online], Israel business news - www.globes-online.com - on April 17, 2013
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