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RiseSmart Receives 2011 Red Herring Top 100 North America Award


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Date: June 17 2011

SAN JOSE, Calif. (June 17, 2011) – RiseSmart, a leading provider of next-generation outplacement solutions, said today it has received the prestigious 2011 Red Herring Top 100 North America award, honoring the year’s most promising private technology ventures from the North American business region.

RiseSmart’s cloud-based outplacement solution, Transition Concierge, has emerged as the fastest-growing player in the $3 billion outplacement market – and has earned industry-wide praise in
the process of changing the way companies manage and measure their employee transition programs.  RiseSmart’s platform utilizes aggregation technology, semantic search and human filtering to provide the best match of jobseekers with open positions.

“In the first half of 2011, RiseSmart has added some of the leading companies in the Fortune 500 as clients, while receiving awards and recognition from TiE, the American Business Awards, SiliconIndia, the San Francisco Business Times, the Silicon Valley/San Jose Business Journal, Red Herring and others,” said Sanjay Sathe, founder and CEO of RiseSmart.  “This is further evidence that we have turned the traditional outplacement business model on its head, delivering unprecedented results to both employers and their transitioning workers.”

“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 North America to the Top 100 winners. We believe RiseSmart embodies the vision, drive and innovation that define a successful entrepreneurial venture. RiseSmart should be proud of its accomplishment, as the competition was very strong.”

The Red Herring editorial team selected the Red Herring Top 100 North America from a pool of hundreds from across North America. The nominees were evaluated on both quantitative and qualitative criteria, such as financial performance, technology innovation, quality of management, execution of strategy, and integration into their respective industries.

This unique assessment of potential was complemented by a review of the actual track record and standing of each company, which allows Red Herring to see past the “buzz” and make the list a valuable instrument for discovering and advocating the greatest business opportunities in the industry.

As a Red Herring Top 100 North America winner, RiseSmart is eligible for the Red Herring 100 Global Award, the best of the best from the Asian, European and North American regional competitions. Those awards will be announced December 7.

The complete list of the Red Herring Top 100 North America can be found at: http://www.herring100.com/RHNA/2011/top100.html.

About Red Herring

Red Herring is a global media company uniting the world's best high technology innovators, venture investors and business decision makers in a variety of forums: a leading innovation magazine; an online daily technology news service; technology newsletters, and major events for technology leaders around the globe. Red Herring provides an insider's access to the global innovation economy, featuring unparalleled insights on the emerging technologies driving the economy. For more information visit www.redherring.com.

About RiseSmart

RiseSmart provides next-generation outplacement solutions. The company leverages a cloud-based technology platform, proven methodologies, and one-on-one support to help employers with their workforce strategy, and displaced employees with their career strategy. RiseSmart drives significant ROI to organizations by offering affordable pricing, reducing severance costs and unemployment taxes for outplacement services. For more information, visit http://www.RiseSmart.com.



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