25 Nov 2013

Celeno Chosen as 2013 Red Herring Top 100 Global Winner

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Ra'anana, Israel (November, 25 2013) Celeno announced today that they had been named a Red Herring Top 100 Global Winner for 2013. The annual award recognizes the leading private companies from North America, Europe, and Asia today, celebrating these startups’ innovations and technologies across their respective industries.

Red Herring’s Top 100 Global 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 Facebook, Twitter, Google, Yahoo, Skype, Salesforce.com, YouTube, and eBay would change the way we live and work.

"Being chosen to this prestigious list is a testament to the impact of Celeno's technology, the potential it has to revolutionize the way we utilize WiFi capabilities in the home, and the growing footprint of our technology within our ever expanding global customer base," said Gilad Rozen, CEO of Celeno. "Earlier this year we were chosen as one of the top companies in Europe, and our inclusion on the global list this year shows that the importance of in-home connectivity is increasing and the role our technology can play is being fully realized."

Celeno provides high performance Wi-Fi chips and software for demanding home networking applications. The company's OptimizAIR™ technology maximizes in-home Wi-Fi capabilities, assuring reliable wireless video service delivery and quality of experience for multiple connected devices throughout the home and helps mitigate interferences in dense deployments. The technology also serves as the basis for major advances in cellular offloading that could drastically expand WiFi coverage for on-the-go users.

“Choosing the companies with the strongest potential was by no means a small feat,” said Alex Vieux, publisher and CEO of Red Herring. “After rigorous contemplation and discussion, we narrowed our list down from hundreds of candidates from across the globe to the Top 100 Winners. We believe Celeno embodies the vision, drive and innovation that define a successful entrepreneurial venture. Celeno should be proud of its accomplishment, as the competition was the strongest it has ever been.”

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 records and standing of startups relative to their peers, 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 from around the world.