Altierre Selected as a Red Herring Top 100 North America Winner
Award Recognizes the 100 “Most Promising” Companies Driving the Future of Technology
San Jose, Calif., June 19, 2014 — Altierre Corp., a provider of ultra-low power long-range wireless technology for the Internet of Things and innovative applications that are transforming retail in over 1,000 cities, today announced that it has been chosen by Red Herring as one of its Top 100 America award winners. The award recognizes Altierre as one of the leading private companies from the Americas, and celebrates these startups’ innovations and technologies across their respective industries.
The Red Herring Top 100 America winners were selected from among the approximately 3,000 tech startups financed each year in the US and Canada. Since 1996, Red Herring has kept tabs on these up-and-comers. Red Herring editors were among the first to recognize that companies such as Facebook, Twitter, Google, Yahoo, Skype, Salesforce.com, YouTube, Marin Software, Palo Alto Networks and eBay would change the way we live and work.
“We are excited to be included in this prestigious list of best private companies, and to be recognized for our solutions and efforts to revolutionize retail – a $12 trillion industry that has lagged in technology adoption. Our low power wireless platform and applications, initially applied to the retail vertical, are automating the price/promotions process in retail stores around the world and enabling new dimensions of personalized marketing, as well as bringing the Internet of Things to retail aisles to enhance efficiencies,” said Altierre Chairman and CEO Sunit Saxena.
“In 2014, selecting the top 100 achievers was by no means a small feat,” said Alex Vieux, publisher and CEO of Red Herring. “In fact, we had the toughest time in years because so many entrepreneurs had crossed significant milestones so early. But after much thought, rigorous contemplation and discussion, we narrowed our list down from hundreds of candidates from across North America to the top 100 winners. We believe Altierre embodies the vision, drive and innovation that define a successful entrepreneurial venture. Altierre should be proud of its accomplishment, as the competition was very strong.”
Altierre unlocks the promise of Big Data and the Internet of Things with its revolutionary wireless technology and solutions to truly connect devices.. By bringing the internet to every SKU in retail stores, Altierre enables dynamic pricing and promotions, customer interactive mobile communication, temperature and out-of-stock sensor monitoring and other applications that deliver billions of dollars of value in cost savings and additional revenue opportunities. Millions of Altierre’s digital signs are currently installed and operating nationwide in over 1,000 U.S. cities as well as several hypermarket stores across France operated by E.Leclerc, one of Europe’s leading retail chains.
Red Herring’s editorial staff evaluated companies on both quantitative and qualitative criteria, such as financial performance, technological innovation and intellectual property, management quality, business model, customer footprint and market penetration. This assessment of potential is complemented by a review of the track record and standing of startups relative to their sector 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 in North America.
About Altierre Corp.
Altierre Corp. is a leader in proven technology that delivers the promise of the Internet of Things. Altierre’s thin infrastructure, bi-directional, ultra-low power wireless solutions are already transforming the $12 trillion retail industry with a turnkey platform that allows millions of multi-year battery life wireless devices to seamlessly and securely communicate in large retail stores at the shelf edge or mobile racks, creating numerous, real time touch points with consumers, products and store associates, thus enabling an array of innovative applications. The new era of RF-based applications developed by Altierre offers retail chains unparalleled benefits, from realizing billions of dollars in cost savings and revenue opportunities to enhancing productivity, merchandising and the consumer shopping experience. The technology can easily be scaled into many more verticals including supply chains, manufacturing, automotive, homes, and defense, etc. Incorporated in 2003, Altierre is headquartered in San Jose, Calif. For more information, please visit www.altierre.com.