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Server virtualization firm Parallels has been named a finalist in the Red Herring 100 Awards‘ selection of the most innovative private technology companies based in North America.

In preparation for the formal announcement of its Top 100 Award, the Red Herring editorial board surveyed the entrepreneurial scene throughout the North American region and identified the top 200 out of more than 800 closely evaluated companies that are “leading the next wave of innovation”.

Evaluations were made on both quantitative and qualitative criteria such as financial performance, innovation, management, strategy, and ecosystem integration.

Joel Dreyfuss, Editor-in-Chief of Red Herring noted:

”We can see the exciting evolution of the technology sector reflected in the quality and variety of exceptional companies that we had to choose from in putting our list together. It was tough to choose just 200 finalists from such a large list of excellent contenders, and we are very happy with the quality of the companies we selected as finalists.”

According to Red Herring, Parallels is on the list due to its innovative and entrepreneurial achievements. The 100 winning companies will be announced at the Red Herring North America event, May 12-14, in San Jose.

[Source: The Hosting News]

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