Netanya, Israel – September 19, 2016 – Optibus announced today it had been selected as a 2016 Red Herring Top 100 Asia Winner, a prestigious list honoring the year’s most promising private technology ventures from the Asia business region.
Red Herring Top 100 Asia enlists the most promising companies, which are selected from approximately 2000 privately financed companies each year. Since 1996, Red Herring editors were among the first to recognize companies such as Google, Facebook, Kakao, Alibaba, Twitter, Rakuten, Salesforce.com, Xiaomi, and YouTube, which would later change the way we live and work.
Gady Shlasky, Optibus CEO, commented: “We are very proud to be selected from the thousands of candidate companies all over Asia. Optibus was rated at the top for criteria like: Addressable market size, IP and patents, financing, proof of concept, trailing revenues, and management’s expertise. The list of finalists includes some of the best performing and prominent companies of that year, and we are honored to be included in this list.”
This year’s final event took place in Manila, the Philippines, where the finalist companies’ CEOs presented their companies in front of a panel of judges and answered questions. “In 2016, selecting the top achievers was difficult as always,” said Alex Vieux, publisher and CEO of Red Herring. “The variety, depth, disruption and traction we saw from the early stage companies to those with significant scale made 2016 a great vintage to judge. As one of the winners, Optibus should be proud of its accomplishment.”
The 2016 Red Herring Top 100 award is yet another testimonial to Optibus’ growth and success. The company, which develops and markets sophisticated optimization solutions for public transportation operators and agencies, recently won major contracts with bus and tram operators in Europe and North America, generating increasing Monthly Recurring Revenues (MRR). Customers who use the Optibize™ technology experience significant Operating Expenses (OPEX) reduction and improved efficiency by utilizing the drivers and vehicles in the most optimal way.