“Choosing the best out of the previous three years was by no means a small feat,” says 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. Mocapay should be extremely proud of its achievement, the competition was difficult.”
Doug Dwyre, president, Mocapay, says that the company is honored to be a recipient of the Red Herring Global 100 award.
“We are committed to helping merchants and payment card issuers discover new ways to engage with customers through mobile and proud to have been recognized by the Red Herring as one of the leading private companies in the world,” says Dwyre.
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 sector peers, allowing Red Herring to make the list an invaluable instrument of discovery and advocacy for the greatest business opportunities from around the world.
Red Herring’s Global 100 list has become a mark of distinction for identifying promising new companies and entrepreneurs. Red Herring editors were among the first to recognize that companies such as Google, Skype, Netscape, Salesforce.com, YouTube, eBay and many others would change the way we live and work.
Mocapay is a mobile platform for innovative merchants that offers an integrated marketing and sales solution to enhance the lifetime value of a customer. The platform addresses merchants’ need for a new channel that will broaden their reach to customers at anytime, not just at the point of sale, encourage purchases and build a stronger brand affinity. Mocapay is a privately held, venture funded company founded in 2006.