Sydney company wins coveted Red Herring Global Top 100 Award
Announcement posted by Mi5 Security Australia Pty Ltd 09 Dec 2011
Mi5 Security Winner in Top 100 Global Technology Awards
Los Angeles, USA, 9 December, 2011. Sydney based wireless technology security company, Mi5 Limited, has been recognised as one of the top 100 technology start-ups in the world after winning a Red Herring Magazine 2011 Top 100 Global award. Since 1996 the Red Herring100 list has been used by technology industry investors and commentators to uncover the most promising private ventures from around the world.
In winning the award Mi5 Security stood out from thousands of entrants and according to the judges has an excellent business model and go-to-market strategies. Mi5 Security CEO, Helen Wattie, says the judges also identified Mi5 as being a team of experienced and passionate entrepreneurs with unique, innovative and disruptive technologies that the judges felt would go far.
“Mi5 is on a high growth path,” she says. “We have met a number of key industry contacts through being a Red Herring Top 100 Global finalist and we now expect to further our venture capital and partnership discussions in order to accelerate our expansion plans into the USA and other markets."
Finalists are judged on a range of qualitative and quantitative metrics, including technology innovation, financial performance, growth, management, potential globalisation of the strategy and market share improvement. Mi5 received its award at an awards ceremony in Los Angeles last night.
In winning the award Mi5 Security stood out from thousands of entrants and according to the judges has an excellent business model and go-to-market strategies. Mi5 Security CEO, Helen Wattie, says the judges also identified Mi5 as being a team of experienced and passionate entrepreneurs with unique, innovative and disruptive technologies that the judges felt would go far.
“Mi5 is on a high growth path,” she says. “We have met a number of key industry contacts through being a Red Herring Top 100 Global finalist and we now expect to further our venture capital and partnership discussions in order to accelerate our expansion plans into the USA and other markets."
Finalists are judged on a range of qualitative and quantitative metrics, including technology innovation, financial performance, growth, management, potential globalisation of the strategy and market share improvement. Mi5 received its award at an awards ceremony in Los Angeles last night.