NEW YORK CITY - May 23, 2016 – Numerix announced today it had been selected as a finalist for Red Herring's Top 100 North America award, a prestigious list honoring the year’s most promising private technology ventures from the North American business region.
Finalist selections for the 2016 edition of the Red Herring 100 North America award are based upon technological innovation, management strength, market size, investor record, customer acquisition and financial health. Finalists are evaluated individually from a large pool of hundreds of candidates based across North America. This unique assessment of potential is in addition to a review of the company’s actual track record and standing, which allows Red Herring to make the list a valuable instrument for discovering and advocating the greatest business opportunities in the industry.
2016 will be remembered as a special vintage. "The finalists’ list confirms the excellent choices made by entrepreneurs and VCs and the start-ups' solid roots in corporate America, embracing their innovations. By all metrics, it emphasizes the United States’ entrepreneurial excellence," said Alex Vieux, publisher and CEO of Red Herring.
“Numerix is honored to be considered amongst the list of finalists for this year’s Red Herring 100 North America Award,” said Steven O’Hanlon, CEO of Numerix. “As the leading independent analytics institutions addressing pricing and risk solutions, Numerix analytics enable global financial institutions to understand performance, analyze and anticipate future derivatives risks with speed and accuracy. Numerix technology has helped hundreds of financial institutions optimize trading and risk operations, providing visibility into TCO of derivatives operations – for these reasons we’re excited to accept our nomination; we look forward to award ceremony in early June.”
Finalists will be presenting their winning strategies at the Red Herring North America Forum in Newport Beach, CA., June 6 to 8, 2016. The Top 100 winners will be announced during a special awards ceremony the evening of June 8.
Numerix is the award winning, leading independent analytics institution providing cross-asset solutions for structuring, pre-trade price discovery, trade capture, valuation and portfolio management of derivatives and structured products. Since its inception in 1996, over 700 clients and 90 partners across more than 26 countries have come to rely on Numerix analytics for speed and accuracy in valuing and managing the most sophisticated financial instruments. With offices in New York, Boston, Chicago, Los Angeles, Mexico City, Miami, Vancouver, London, Paris, Milan, Helsinki, Frankfurt, Dubai, Beijing, Mumbai, Hong Kong, Seoul, Singapore, Sydney, Tokyo and Taipei, Numerix brings together unparalleled expertise across all asset classes and engineering disciplines. For more information please visit: www.numerix.com.